Common use of Initial U.S Clause in Contracts

Initial U.S. Securities. On the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company and each Selling Shareholder, severally and not jointly, agree to sell to each U.S. Underwriter, severally and not jointly, and each U.S. Underwriter, severally and not jointly, agrees to purchase from the Company and each Selling Shareholder, at the price per ADS set forth in Schedule C, that proportion of the number of Initial U.S. Securities set forth in Schedule B opposite the name of the Company or each Selling Shareholder, as the case may be, which the number of Initial U.S. Securities set forth in Schedule A opposite the name of such U.S. Underwriter, plus any additional number of Initial U.S. Securities which such U.S. Underwriter may become obligated to purchase pursuant to the provisions of Section 10 hereof, bears to the total number of Initial U.S. Securities, subject, in each case, to such adjustments among the U.S. Underwriters as the U.S. Representative in its sole discretion shall make to eliminate any sales or purchases of fractional securities.

Initial U.S. Securities. On the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company and each Selling ShareholderStockholder, severally and not jointly, agree agrees to sell sell, at the price per share set forth in Schedule B, to each U.S. Underwriter, severally and not jointlythe number of Initial U.S. Securities set forth in Schedule C opposite the name of such Selling Stockholder, and each U.S. Underwriter, severally and not jointly, agrees to purchase from the Company and each Selling Shareholderpurchase, at the price per ADS share set forth in Schedule CB, that proportion of the number of Initial U.S. Securities set forth in Schedule B opposite the name of the Company or from each Selling Shareholder, as the case may be, which Stockholder the number of Initial U.S. Securities set forth in Schedule A opposite the name of such U.S. Underwriter, plus any additional number of Initial U.S. Securities which such U.S. Underwriter may become obligated to purchase pursuant to the provisions of Section 10 hereof, bears to the total number of Initial U.S. Securities, hereof subject, in each case, to such adjustments among the U.S. Underwriters as the U.S. Representative Representatives in its their sole discretion shall make to eliminate any sales or purchases of fractional securities.