DTC Eligibility definition

DTC Eligibility. “DTC Eligible” – in respect of a given security, its eligibility to be traded electronically in book-entry form through DTC.
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DTC Eligibility. DTC Eligible" - in respect of a given security, its eligibility to be traded electronically in book-entry form through DTC. "DWAC" - DTC's Deposit Withdrawal Agent Commission system. "Exchange Act" - the Securities and Exchange Act of 1934, as amended.
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DTC Eligibility means eligible for deposit at DTC and for trading through DTC’s book-entry system, or the status of being eligible for deposit at DTC and for trading through DTC’s book-entry system, respectively.
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Examples of DTC Eligibility in a sentence

  • During the Disclosure Period, the Company will (i) file and use its commercially reasonable efforts to have declared effective by the Commission the Business Combination Registration Statement, (ii) use its commercially reasonable efforts to cause the Disclosure Period Closing Conditions to be satisfied and (iii) after receipt of DTC Eligibility Approval and Listing Approval, mail or otherwise transmit the Business Combination Registration Statement to SPAR holders pursuant to applicable Law.

  • This Agreement has a term beginning on the date hereof and expires once the Company has received either an approval or denial of their DTC Eligibility Request by DTC.

  • The Advisor agrees to perform for the Company the services (“Advisory Services”) described as follows: Assist the Company with the preparation of the necessary documents associated with applying for DTC Eligibility.

  • The Company will bear those expenses of the proposed Offerings customarily borne by issuers, including, without limitation, regulatory filing fees, SEC, “Blue Sky” and FINRA filing and registration fees, and DTC Eligibility fees; the fees of the Company’s accountants, attorneys, appraiser, transfer agent and registrar, printing, mailing and marketing and syndicate expenses associated with the Offerings; the fees set forth in Section 4; and fees for “Blue Sky” legal work.

  • Client acknowledges that Taurus will require the assistance of at least one (1) of its shareholders holding unrestricted shares of common stock to obtain DTC Eligibility.

  • Listing and Maintenance Requirements; DTC Eligibility 18 Section 5.34.

  • Listing and Maintenance Requirements; DTC Eligibility ......................................

  • Upon Client’s request Taurus agrees to assist Client in obtaining DTC Eligibility for its shares after a trading symbol is assigned.

  • Listing and Maintenance Requirements; DTC Eligibility 20 Section 5.34.

  • The closing (“Closing”) of the purchase and sale of the Securities hereunder shall be held at the offices of B▇▇▇▇ & M▇▇▇▇▇▇▇ LLP, located at 2▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, Suite 2300, Dallas, Texas 75201, at 9:30 a.m. New York City time, on the date that is one (1) business day following the later of the date hereof or the DTC Eligibility Date (as defined below) (the “Closing Date”), or at such other time and place as the Companies may agree.


More Definitions of DTC Eligibility

DTC Eligibility. “DTC Eligible” –in respect of a given security, its eligibility to be traded electronically in book-entry form through DTC. “DWAC” – DTC’s Deposit Withdrawal Agent Commission system. “Exchange Act” –the Securities and Exchange Act of 1934, as amended. “Exchange Amount” – shall have the meaning specified in Section 2.1 of this Agreement. “Exchange Cap”– the maximum number of shares of Issuer Common Stock that Issuer may issue pursuant to this Agreement and the transactions contemplated hereby without (i) breaching Issuer’s obligations under the applicable rules of The Nasdaq Stock Market or any other Principal Market on which the Issuer Common Stock maybe listed or quoted, or (ii) obtaining stock holder approval under the applicable rules of The Nasdaq Stock Market or any other Principal Market on which the Issuer Common Stock maybe listed or quoted. “Exchange Multiple”–subject to downward adjustment pursuant the provision set forth in Section 2.4.1 of this Agreement, sixty percent. “Exchange Notice”–in the form of Exhibit C attached hereto and incorporated by reference herein, a written notice to the Investor executed by duly authorized officer of the Issuer and including an Exchange Request, in each case as the same may be deemed amended in accordance with Section 2.4.3.4. 3
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Related to DTC Eligibility

  • DTC Eligible means, with respect to the Common Stock, that such Common Stock is eligible to be deposited in certificate form at the DTC, cleared and converted into electronic shares by the DTC and held in the name of the clearing firm servicing Lender’s brokerage firm for the benefit of Lender.

  • DWAC Eligible means that (a) the Common Stock is eligible at DTC for full services pursuant to DTC’s Operational Arrangements, including without limitation transfer through DTC’s DWAC system, (b) the Company has been approved (without revocation) by the DTC’s underwriting department, (c) the Transfer Agent is approved as an agent in the DTC/FAST Program, (d) the Conversion Shares are otherwise eligible for delivery via DWAC, and (e) the Transfer Agent does not have a policy prohibiting or limiting delivery of the Conversion Shares via DWAC.