DWAC System definition

DWAC System has the meaning set forth in Section 2.03(a).
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DWAC System means DTC's Deposit/Withdrawal at Custodian system.
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DWAC System means the Depository Trust Company’s Deposit/Withdrawal At Custodian System.
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Examples of DWAC System in a sentence

  • Any such exchange will be effected through the DWAC System and an appropriate adjustment will be made in the records of the Security Registrar to reflect a decrease in the principal amount of the relevant Global Security.

  • If the Company is eligible for DTC’s “FAST” program, it will, for a period of at least two (2) years from the Execution Date, use its best efforts to employ as the transfer agent for the Securities a participant in the DTC’s Automated Securities Transfer Program that is eligible to deliver shares via the DWAC System.

  • The individuals listed on Schedule 1 hereto shall be the contact persons for all matters related to the settlement of the transfer of Common Shares through the DWAC System for purposes of this Section 2.05.

  • Any such exchange shall be effected only through the DWAC System, and an appropriate adjustment shall be made in the records of the Security Register to reflect a decrease in the principal amount of the relevant Global Security.

  • The individuals listed on Schedule 1 hereto shall be the contact persons for all matters related to the settlement of the transfer of Issuance Shares through the DWAC System for purposes of this Section 2.04.

  • The individuals listed on Schedule 1 hereto shall be the contact persons for all matters related to the settlement of the transfer of Issuance Shares through the DWAC System for purposes of this Section 2.05.

  • Holders may demand redemption by delivering their stock, either physically or electronically using Depository Trust Company’s DWAC System, to FinServ’s transfer agent two (2) business days prior to the Special Meeting.

  • Following the BVTI Effective Date, certificates evidencing the Pledged Shares delivered to the Holders hereunder shall be free and clear of all legends and shall be transmitted by the Agent to the applicable Holder by crediting the account such Holder’s prime broker with the Depository Trust Company’s DWAC System.

  • Such shares shall be delivered to Holder within at least three (3) days of the Maturity Date via the Depository Trust Corporation DWAC System.

  • While we have been advised that it takes a short time to deliver shares through the DWAC System, this may not be the case.


More Definitions of DWAC System

DWAC System as defined in Section 2.3(b).
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Related to DWAC System

  • DTC System means the book-entry system of DTC.

  • ▇▇▇▇▇ System means the ▇▇▇▇▇ filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.

  • SDX System means the system used by NERC to exchange system data.

  • HVAC System is defined in Section 6.10(a)(v).