Common use of Combinations and Split-ups of Receipts Clause in Contracts

Combinations and Split-ups of Receipts. Upon surrender of a Receipt or Receipts of a particular Series at the Depositary’s designated transfer offices for the purpose of effecting a split-up or combination of such Receipt or Receipts, and subject to the terms and conditions of this Deposit Agreement, the Depositary shall execute and deliver a new Receipt or Receipts of such Series for the number of American Depositary Shares of the corresponding Series requested, evidencing the same aggregate number of American Depositary Shares of the corresponding Series evidenced by the Receipt or Receipts surrendered.

Appears in 1 contract

Sources: Deposit Agreement (HSBC Holdings PLC)

Combinations and Split-ups of Receipts. Upon surrender of a Receipt or Receipts of a particular Series at the Depositary’s 's designated transfer offices for the purpose of effecting a split-up or combination of such Receipt or Receipts, and subject to the terms and conditions of this Deposit Agreement, the Depositary shall execute and deliver a new Receipt or Receipts of such Series for the number of American Depositary Shares of the corresponding Series requested, evidencing the same aggregate number of American Depositary Shares of the corresponding Series evidenced by the Receipt or Receipts surrendered.

Appears in 1 contract

Sources: Deposit Agreement (HSBC Holdings PLC)