Common use of Termination of Depositary Receipt Program Clause in Contracts

Termination of Depositary Receipt Program. If the ordinary shares of the Company cease to be represented by American Depositary Shares issued under a depositary receipt program sponsored by the Company, all references in this Indenture to the ADSs shall be deemed to have been replaced by a reference to the number of ordinary shares (and other property, if any) represented by the ADSs on the last day on which the ADSs represented the ordinary shares of the Company and as if the ordinary shares (and the other property, if any) had been distributed to holders of the ADSs on that day. In addition, all references to the Last Reported Sale Price of the ADSs will be deemed to refer to the Last Reported Sale Price of the ordinary shares, and other appropriate adjustments, including adjustments to the Conversion Rate, will be made to reflect such change. In making such adjustments, where currency translations between U.S. dollars and any other currency are required, the exchange rate in effect on the date of determination will apply. The Company shall cause to be filed with the Trustee and the Conversion Agent (if other than the Trustee) and to be sent to each Holder at its address appearing on the Note Register, as promptly as possible but in any event at least 20 days prior to the applicable date of the event stated herein, a notice stating the applicable date of the event and any adjustment to the Conversion Rate.

Appears in 2 contracts

Sources: Indenture (GDS Holdings LTD), Indenture (China Lodging Group, LTD)

Termination of Depositary Receipt Program. If the ordinary shares of the Company Class A Common Shares cease to be represented by American Depositary Shares ADSs issued under a depositary receipt program sponsored by the Company, all references in this Indenture to the ADSs shall be deemed to have been replaced by a reference to the number of ordinary shares Class A Common Shares (and other property, if any) represented by the ADSs on the last day on which the ADSs represented the ordinary shares of the Company Class A Common Shares and as if the ordinary shares (Class A Common Shares and the other property, if any) property had been distributed to holders of the ADSs on that day. In addition, all references to the Last Reported Sale Price of the ADSs will be deemed to refer to the Last Reported Sale Price of the ordinary sharesClass A Common Shares, and other appropriate adjustments, including adjustments to the Conversion Rate, will be made to reflect such change. In making such adjustments, where currency translations between U.S. dollars and any other currency are required, the exchange rate in effect on the date of determination will apply. The Company shall cause provide written notice to be filed with the Holders, the Trustee and the Conversion Agent (if other than the Trustee) and to be sent to each Holder at its address appearing on upon the Note Register, as promptly as possible but in any event at least 20 days prior to the applicable date occurrence of the event stated herein, a notice stating the applicable date of the event and any adjustment to the Conversion Rateforegoing.

Appears in 2 contracts

Sources: Indenture (JOYY Inc.), Indenture (JOYY Inc.)

Termination of Depositary Receipt Program. If the ordinary shares of the Company Class A Ordinary Shares cease to be represented by American Depositary Shares ADSs issued under a depositary receipt program sponsored by the Company, all references in this the Indenture to the ADSs shall be deemed to have been replaced by a reference to the number of ordinary shares Class A Ordinary Shares (and other property, if any) represented by the ADSs on the last day on which the ADSs represented the ordinary shares of the Company Class A Ordinary Shares and as if the ordinary shares (Class A Ordinary Shares and the other property, if any) property had been distributed to holders of the ADSs on that day. In addition, all references to the Last Reported Sale Price of the ADSs will be deemed to refer to the Last Reported Sale Price of the ordinary sharesClass A Ordinary Shares, and other appropriate adjustments, including adjustments to the Conversion Rate, will be made to reflect such change. In making such adjustments, where currency translations between U.S. dollars and any other currency are required, the exchange rate in effect on the date of determination will apply. The Company shall cause provide written notice to be filed with the Holders, the Trustee and the Conversion Agent (if other than the Trustee) and to be sent to each Holder at its address appearing on upon the Note Register, as promptly as possible but in any event at least 20 days prior to the applicable date occurrence of the event stated herein, a notice stating the applicable date of the event and any adjustment to the Conversion Rateforegoing.

Appears in 2 contracts

Sources: First Supplemental Indenture (Sea LTD), First Supplemental Indenture (iQIYI, Inc.)

Termination of Depositary Receipt Program. If the ordinary shares of the Company cease to be represented by American Depositary Shares issued under a depositary receipt program sponsored by the Company, all references in this Indenture to the ADSs shall be deemed to have been replaced by a reference to the number of ordinary shares (and other property, if any) represented by the ADSs on the last day on which the ADSs represented the ordinary shares of the Company and as if the ordinary shares (and the other property, if any) property had been distributed to holders of the ADSs on that day. In addition, all references to the Last Reported Sale Price of the ADSs will be deemed to refer to the Last Reported Sale Price of the ordinary shares, and other appropriate adjustments, including adjustments to the Conversion Rate, will be made to reflect such change. In making such adjustments, where currency translations between U.S. dollars and any other currency are required, the exchange rate in effect on the date of determination will apply. The Company shall cause to be filed with the Trustee and the Conversion Agent (if other than the Trustee) and to be sent to each Holder at its address appearing on the Note Register, as promptly as possible but in any event at least 20 days prior to the applicable date of the event stated herein, a notice stating the applicable date of the event and any adjustment to the Conversion Rate.

Appears in 1 contract

Sources: Indenture (Trina Solar LTD)