DWAC Operational; DRS Sample Clauses

The "DWAC Operational; DRS" clause defines the requirements for the electronic transfer and registration of securities. It typically stipulates that the issuer’s transfer agent must be able to process shares through the Depository Trust Company’s (DTC) Deposit/Withdrawal at Custodian (DWAC) system and/or the Direct Registration System (DRS). This means that shares can be delivered electronically to investors’ brokerage accounts without the need for physical certificates, streamlining settlement and reducing administrative delays. The core function of this clause is to ensure efficient, secure, and timely transfer of securities, minimizing settlement risk and operational friction.
DWAC Operational; DRS. The Company is currently and shall remain DWAC Operational and eligible for DRS
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DWAC Operational; DRS. The Company shall, within ten (10) business days from the date of this Agreement, apply through its Transfer Agent to become DWAC Operational and eligible for DRS
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Related to DWAC Operational; DRS

  • Co-operation Each Party acknowledges that this ESA must be approved by the Department and agree that they shall use Commercially Reasonable efforts to cooperate in seeking to secure such approval.