Direct Registration System Services Clause Samples

Direct Registration System Services. (a) Register, issue and transfer DRS book-entry Shares (b) Issue DRS statements of holding (c) Provide Shareholders with the ability to sell Shares in accordance with the terms and conditions, including applicable fees, of the DRS Sales Facility (d) Process sales requests within the appropriate timeframe based on the type of service requested, in accordance with the terms of the DRS sales facility (e) Coordinate the issuance, payment and reconcilement for any proceeds stemming from the use of the DRS sales facility, in accordance with the terms and conditions of the facility (f) Coordinate the mailing of advices to Shareholders (g) Accept and cancel certificated Shares and credit such Shares into a DRS position