Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 272

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 12
Chunk 272
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 delayed by law or circumstances beyond our control from performing our obligations
                                                       under the deposit agreement;                                                  
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·   are not liable if either of us exercises discretion permitted under the deposit agreement;
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·   are not liable for the inability of any holder of ADSs to benefit from any distribution on deposited securities that is not made available
     to holders of ADSs under the terms of the deposit agreement, or for any special, consequential or punitive damages for any breach of the 
                                                         terms of the deposit agreement;                                                      
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·   have no obligation to become involved in a lawsuit or other proceeding related to the ADRs or the deposit agreement on an ADR holder’s
                                                 behalf or on behalf of any other party; and                                              
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·   may rely upon any documents we believe in good faith to be genuine and to have been signed or presented by the proper party.
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 In the deposit agreement, we agree to indemnify the depositary for acting as depositary, except for losses caused by the depositary’s own negligence or bad faith, and the depositary agrees to indemnify us for losses resulting from its negligence or bad faith.
  
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Requirements for Depositary Actions
 Before the depositary will deliver or register a transfer of an ADS, make a distribution of ADSs, or permit withdrawal of CPOs, the depositary may require:

·   payment of stock transfer or other taxes or other governmental charges and transfer or registration fees charged by third parties
                                       for the transfer of any CPOs or other deposited securities;                                   
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·   satisfactory proof of the identity and genuineness of any signature or other information it deems necessary; and
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·   compliance with regulations it may establish, from time to time, consistent with the deposit agreement, including presentation of
                                                           transfer documents.                                                       
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 The depositary may refuse to deliver ADSs or register transfers of ADSs generally when the transfer books of the depositary, the CPO trustee or our transfer books are closed or at any time if the depositary or we think it advisable to do so.
 ADS Holders’ Right to Receive the CPOs Underlying ADSs
 ADS holders have the right to surrender their ADSs and withdraw the underlying CPOs at any time except:
 
·   when temporary delays arise because: (i) the depositary or the CPO trustee has closed its transfer books, or we have closed our