DWAC Operational definition

DWAC Operational means that the Common Stock is eligible for clearing through the Depository Trust Company (“DTC”) via the DTC’s Deposit Withdrawal Agent Commission or “DWAC” system and active and in good standing for DWAC issuance by the Transfer Agent (as defined herein).
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DWAC Operational means that the Common Stock is eligible for clearing through the Depository Trust Company (“DTC”)
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DWAC Operational means that the Common Stock is eligible for clearing through the Depository Trust
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Examples of DWAC Operational in a sentence

  • Further, at all times while any Securities are outstanding, the Common Stock shall be DWAC Operational, and the Common Stock shall not be subject to any DTC “chill” designation or similar restriction on the clearing of the Common Stock through DTC.

Related to DWAC Operational

  • Normal operation means all periods of operation except start-up and shutdown operations and maintenance of equipment;

  • Commercial Operation means the Conditions of Operation in which the complete equipment covered under the Contract is officially declared by TSECL to be available for continuous operation at different loads upto and including rated capacity. Such declaration by TSECL, however, shall not relieve or prejudice the Contractor of any of his obligations under the Contract.