Changes Affecting Deposited Securities definition

Changes Affecting Deposited Securities. Upon any change in nominal or par value, split up, consolidation or other reclassification of Deposited Securities, or upon any capitalization, reorganization, merger or consolidation or sale of assets affecting the Company or to which it is a party, and upon the Depositary having obtained specific regulatory approval, if necessary, for the issuance of additional ADSs from the appropriate governmental entity in the ROC, any securities which shall be received by the Depositary or the Custodian in exchange for, in conversion of or in respect of Deposited Securities will be treated as new Deposited Securities under the Deposit Agreement, and the ADSs shall thenceforth represent, in addition to the existing ADSs, the right to receive the new Deposited Securities so received, unless additional ADRs are delivered pursuant to the following sentence. In any such, case, the Depositary may, after consulting with the Company, and will, if the Company so requests, execute and deliver additional Receipts as in the case of a distribution in Eligible Securities, or call for the surrender of outstanding Receipts to be exchanged for new Receipts specifically describing such new Deposited Securities. Furthermore, the Company and the Depositary shall determine whether any amendments to the terms of the Deposit Agreement are required in any such case. Notwithstanding the foregoing, in the event that any security or property so received may not be lawfully distributed to some or all Holders, the Depositary may, with the Company's approval, and shall if the Company requests, subject to receipt of an opinion of Company's counsel reasonably satisfactory to the Depositary that such action is not in violation of any applicable laws or regulations, sell such securities at public or private sale, at such place or places and upon such terms as it may deem proper, and may allocate the net proceeds of such sales for the account of the Holders otherwise entitled to such securities upon an averaged or other practicable basis without regard to any distinctions among such Holders and distribute the net proceeds so allocated to the extent practicable as in the case of a distribution received in cash pursuant to Section 4.01 of the Deposit Agreement.
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Examples of Changes Affecting Deposited Securities in a sentence

  • Changes Affecting Deposited Securities and Reclassifications, Recapitalizations, etc.

  • Cash Distributions 10 Section 4.2. Distributions Other than Cash, Rights, Preferences or Privileges 11 Section 4.3. Subscription Rights, Preferences or Privileges 11 Section 4.4. Notice of Dividends, etc.; Fixing Record Date for Holders of Receipts 12 Section 4.5. Voting Rights 13 Section 4.6. Changes Affecting Deposited Securities and Reclassifications, Recapitalizations, etc.

  • Cash Distributions 11 Section 4.2. Distributions Other than Cash, Rights, Preferences or Privileges 11 Section 4.3. Subscription Rights, Preferences or Privileges 12 Section 4.4. Notice of Dividends, etc.; Fixing Record Date for Holders of Receipts 13 Section 4.5. Voting Rights 13 Section 4.6. Changes Affecting Deposited Securities and Reclassifications, Recapitalizations, etc.

  • Changes Affecting Deposited Securities and Reclassifications, Recapitalizations, Etc.

  • Section 4.6 Changes Affecting Deposited Securities and Reclassifications, Recapitalizations, etc.

  • Section 4.1. Cash Distributions 10 Section 4.2. Distributions Other than Cash, Rights, Preferences or Privileges 11 Section 4.3. Subscription Rights, Preferences or Privileges 11 Section 4.4. Notice of Dividends, etc.; Fixing Record Date for Holders of Receipts 12 Section 4.5. Voting Rights 12 Section 4.6. Changes Affecting Deposited Securities and Reclassifications, Recapitalizations, etc.

  • Cash Distributions 10 Section 4.2. Distributions Other than Cash, Rights, Preferences or Privileges 10 Section 4.3. Subscription Rights, Preferences or Privileges 11 Section 4.4. Notice of Dividends, etc.; Fixing Record Date for Holders of Receipts 12 Section 4.5. Voting Rights 12 Section 4.6. Changes Affecting Deposited Securities and Reclassifications, Recapitalizations, etc.

  • Changes Affecting Deposited Securities and Reclassifications, Recapitalizations, etc.................................................

  • Section 4.1. Cash Distributions 10 Section 4.2. Distributions Other than Cash, Rights, Preferences or Privileges 11 Section 4.3. Subscription Rights, Preferences or Privileges 11 Section 4.4. Notice of Dividends, etc.; Fixing Record Date for Holders of Receipts 12 Section 4.5. Voting Rights 13 Section 4.6. Changes Affecting Deposited Securities and Reclassifications, Recapitalizations, etc.

  • Changes Affecting Deposited Securities ............................

Related to Changes Affecting Deposited Securities

  • Deposited Securities as of any time shall mean Shares at such time deposited or deemed to be deposited under this Deposit Agreement, including without limitation, Shares that have not been successfully delivered upon surrender of American Depositary Shares, and any and all other securities, property and cash received by the Depositary or the Custodian in respect of Deposited Securities and at that time held under this Deposit Agreement.

  • Deposited Property means the Deposited Securities and any cash and other property held on deposit by the Depositary and the Custodian in respect of the ADSs under the terms of the Deposit Agreement, subject, in the case of cash, to the provisions of Section 4.8. All Deposited Property shall be held by the Custodian, the Depositary and their respective nominees for the benefit of the Holders and Beneficial Owners of the ADSs representing the Deposited Property. The Deposited Property is not intended to, and shall not, constitute proprietary assets of the Depositary, the Custodian or their nominees. Beneficial ownership in the Deposited Property is intended to be, and shall at all times during the term of the Deposit Agreement continue to be, vested in the Beneficial Owners of the ADSs representing the Deposited Property.

  • Regulation S Global Securities means one or more permanent global Securities in registered form representing the aggregate principal amount of Securities sold in reliance on Regulation S under the Securities Act.

  • Regulation S Global Certificates As defined in Section 5.02(c)(i) of this Agreement.

  • Depositary Shares means Depositary Shares, each representing 1/1,000 of a share of Stock and evidenced by a Receipt.