Distributions with Respect to Deposited Securities in Bearer Form Sample Clauses
This clause governs how distributions, such as dividends or interest, are made for securities that are held in bearer form and deposited with a custodian or depository. It typically outlines the procedures for identifying the rightful holder of the bearer securities and the method by which payments or entitlements are delivered, such as through physical presentation of coupons or certificates. The core function of this clause is to ensure that distributions are properly allocated to the correct parties despite the anonymity and transferability of bearer securities, thereby reducing the risk of misallocation or fraud.
Distributions with Respect to Deposited Securities in Bearer Form. Subject to the terms of this Article IV, distributions in respect of Deposited Securities that are held by the Depositary or the Custodian in bearer form shall be made to the Depositary for the account of the respective Holders of ADS(s) with respect to which any such distribution is made upon due presentation by the Depositary or the Custodian to the Company of any relevant coupons, talons, or certificates. The Company shall promptly notify the Depositary of such distributions. The Depositary or the Custodian shall promptly present such coupons, talons or certificates, as the case may be, in connection with any such distribution.
Distributions with Respect to Deposited Securities in Bearer Form. Subject always to the laws and regulations of the Republic of China and to the terms of this Article IV, distributions in respect of Deposited Securities that are held by the Depositary in bearer form shall be made to the Depositary for the account of the respective Holders of ADS(s) with respect to which any such distribution is made upon due presentation by the Depositary or the Custodian to the Company of any relevant coupons, talons, or certificates. The Company shall promptly notify the Depositary of such distributions. The Depositary or the Custodian shall promptly present such coupons, talons or certificates, as the case may be, in connection with any such distribution.
Distributions with Respect to Deposited Securities in Bearer Form. Subject to the terms of this Article IV, distributions in respect of Deposited Securities that are held by the Depositary in bearer form shall be made to the Depositary for the account of the respective Holders of Receipts with respect to which any such distribution is made upon due presentation by the Depositary or the Custodian to the Company of any dividend sheets. The Company shall promptly notify the Depositary of such distributions. The Depositary or the Custodian shall promptly present such dividend sheets in connection with any such distribution.