Common use of Portfolio Administration Clause in Contracts

Portfolio Administration. In furtherance of the provisions of Section 2.04 hereof, the Sponsor further specifically authorizes and directs the Trustees: (a) DISTRIBUTION OF ADSs UPON THE OCCURRENCE OF AN EXCHANGE EVENT. To distribute ADSs, if any, to the Holders as soon as possible after they are received by the Trust pursuant to the ADSs Purchase Contract as follows: (i) if the TrUEPrS are evidenced by one or more global Certificates and the ADSs received by the Trust are to be evidenced by one or more global Certificates, then such ADSs will be delivered to, and registered in the name of, DTC or its nominee for the benefit of the beneficial owners of interests in the TrUEPrS; (ii) if the TrUEPrS are evidenced by one or more global Certificates and the ADSs received by the Trust are to be in the form of definitive Certificates, then such ADSs will be delivered to, and registered in the name of, such persons and at such addresses as DTC or its nominee shall direct in writing; or (iii) if the TrUEPrS are evidenced by definitive Certificates and the ADSs received by the Trust are to be in the form of definitive Certificates, then such ADSs will be delivered to, and registered in the name of, the Holders at their respective addresses set forth in the register maintained by the Paying Agent. The Trust may require the Holders to pay a sum sufficient to cover any tax or other governmental charges that may be imposed with respect to any such distribution.