DWAC definition

DWAC means Deposit Withdrawal at Custodian as defined by the DTC.
DWAC means the DTC’s Deposit/Withdrawal at Custodian system.
DWAC shall have the meaning ascribed to such term in Section 2.2(a)(v).

Examples of DWAC in a sentence

  • The Company shall take all action necessary to ensure that its Common Stock can be transferred electronically as DWAC Shares.

  • If the Company is then a participant in the DWAC system of the Depositary and either (A) there is an effective registration statement permitting the issuance of the Warrant Shares to or resale of the Warrant Shares by Holder or (B) the Warrant is being exercised via Cashless Exercise, then the certificates for Warrant Shares shall be transmitted by the Warrant Agent to the Holder by crediting the account of the Holder’s broker with the Depositary through its DWAC system.

  • At any time after the Closing Date, if in the case that the Borrower’s Common Stock is not deliverable by DWAC (including if the Borrower’s transfer agent has a policy prohibiting or limiting delivery of shares of the Borrower’s Common Stock specified in a Notice of Conversion), an additional 10% discount will apply for all future conversions under all Notes.

  • The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system ("DWAC Transfer").

  • All Purchase Shares to be issued from and after Commencement to or for the benefit of the Investor pursuant to this Agreement shall be issued only as DWAC Shares.


More Definitions of DWAC

DWAC shall have the meaning specified in Section 2.3.
DWAC means the Deposit or Withdrawal at Custodian system at The Depository Trust Company.
DWAC shall have the meaning assigned to such term in Section 5.33.
DWAC means Deposit and Withdrawal At Custodian Service.
DWAC shall have the meaning set forth in Section 2(d)(i).
DWAC means DTC’s Deposit Withdrawal Agent Commission system.
DWAC shall have the meaning assigned to such term in Section 5.1(g).