Common use of DWAC and DTC Delivery Clause in Contracts

DWAC and DTC Delivery. (1) The Company shall effect delivery of the Shares to the Holder by causing its transfer agent electronically to transmit the Shares to the Holder at the closing on the Closing Date by crediting the account of the Holder’s broker with DTC through its Deposit Withdrawal Agent Commission system under the Fast Automated Securities Transfer program. The Holder shall furnish the name and account number of its broker to the Company prior to the closing in order to effect such delivery.

DWAC and DTC Delivery. (1) The Company shall effect delivery of the Shares to the Holder by causing its transfer agent electronically to transmit the Shares to the Holder at the closing on the Closing Date by crediting the account of the Holder’s 's broker with DTC through its Deposit Withdrawal Agent Commission system under the Fast Automated Securities Transfer program. The Holder shall furnish the name and account number of its broker to the Company prior to the closing in order to effect such delivery.