Depositary Shares definition

Depositary Shares means the depositary shares, each representing 1/40th of a share of the Stock and evidenced by a Receipt.

Depositary Shares means the depositary shares, each representing one-four thousandth (1/4,000th) of one share of Stock and evidenced by a Receipt.

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

Examples of Depositary Shares in a sentence

• Such representation and warranty shall survive the deposit of the Preferred Stock and the issuance of Receipts evidencing the Depositary Shares.

• So long as the Receipts are eligible for book-entry settlement with DTC, unless otherwise required by law, all Depositary Shares to be traded on the New York Stock Exchange with book-entry settlement through DTC shall be represented by a single receipt (the “DTC Receipt”), which shall be deposited with DTC (or its custodian) evidencing all such Depositary Shares and registered in the name of the nominee of DTC (initially expected to be Cede & Co.).

• The Depositary shall deliver the deposited Preferred Stock and the money and other property, if any, represented by the Depositary Shares evidenced by Receipts surrendered for withdrawal at the Depositary Office, except that, at the request, risk and expense of the holder surrendering such Receipt or Receipts and for the account of the holder thereof, such delivery may be made at such other place as may be designated by such holder.

• In no event shall any amendment impair the right, subject to the provisions of Sections 2.06 and 2.07 and Article 3, of any holder of any Receipts evidencing such Depositary Shares to surrender any Receipt with instructions to the Depositary to deliver to the holder the deposited Preferred Stock and all money and other property, if any, represented thereby, except in order to comply with mandatory provisions of applicable law.

• The Company will pay any and all stock transfer, documentary, stamp and similar taxes that may be payable in respect of any issuance or delivery of Depositary Shares or shares of Preferred Stock or other securities issued on account of Depositary Shares or certificates representing such shares or securities.

More Definitions of Depositary Shares

Depositary Shares means depositary shares, each representing [specify fraction] interest in a Share and evidenced by a Receipt.

Depositary Shares means the Depositary shares representing the Company's preferred stock convertible into Stock.

Depositary Shares means the depositary shares, each representing a 1/1,000th interest in one share of the Preferred Stock, evidenced by a Receipt.

Depositary Shares means the depositary shares, each representing 1/40th of one share of the Series B Preferred Stock, and the same proportionate interest in any and all other property received by the Depositary in respect of such share of Series B Preferred Stock and held under this Deposit Agreement, all as evidenced by the Receipts issued hereunder. Subject to the terms of this Deposit Agreement, each owner of a Depositary Share is entitled, proportionately, to all the rights, preferences and privileges of the Series B Preferred Stock represented by such Depositary Share (including the dividend, voting, redemption and liquidation rights contained in the Certificate of Designations).

Depositary Shares means the Shares held by a Depositary or in which a Depositary is interested in its capacity as a Depositary;

Depositary Shares means the depositary shares, each representing one one-thousandth of a share of the Stock and evidenced by a Receipt. “Depository’s Agent” shall mean an agent appointed by the Depository pursuant to Section 5.1.

Depositary Shares means the depositary shares, each representing 1/40th of one share of the Series A Preferred Stock, evidenced by a Receipt.