Common use of Co-Transfer Agents Clause in Contracts

Co-Transfer Agents. The Depositary shall upon the reasonable request or with the approval of the Company (which shall not be unreasonably withheld) appoint one or more co-transfer agents for the purpose of effecting transfers, combinations and split-ups of ADRs at designated transfer offices on behalf of the Depositary. In carrying out its functions, a co-transfer agent may require evidence of authority and compliance with applicable laws and other requirements by Holders or persons entitled to such ADRs and will be entitled to protection and indemnity to the same extent as the Depositary. Such co-transfer agents shall upon the reasonable request or with the written approval of the Company (which shall not be unreasonably withheld) be removed and substitutes appointed by the Depositary. Each co-transfer agent appointed under this Section 2.6 (other than the Depositary) shall give notice in writing to the Depositary accepting such appointment and agreeing to be bound by the applicable terms of the Deposit Agreement.