DTC Chill definition

DTC Chill means a limitation of certain services available for a security on deposit at the DTC, such as the ability to make a deposit of withdrawal of a security at DTC.
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DTC Chill shall have the meaning set forth in Section 7(a)(vii).
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Examples of DTC Chill in a sentence

  • In the event the Borrower experiences a DTC "Chill" on its shares, the conversion price shall be decreased to 60% instead of 70% while that "Chill" is in effect.

  • If the Company receives a DTC "Chill" with regards to depositing and transferring of theCompany' s securities, the Investor will not have to purchase any subsequent debt.

Related to DTC Chill

  • DTC/FAST Program means the DTC’s Fast Automated Securities Transfer Program.

  • Depositary means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in Section 2.03 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this Indenture.