DTC Eligible definition

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.

DTC Eligible means, with respect to the Ordinary Shares, that such Ordinary Shares 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 Investor’s brokerage firm for the benefit of Investor.

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 Xxxxxx’s brokerage firm for the benefit of Lender.

Examples of DTC Eligible in a sentence

• If the Warrants are not DTC Eligible as of the Issuance Date or the Depository subsequently ceases to make its book-entry settlement system available for the Warrants, the Company may instruct the Warrant Agent regarding making other arrangements for book-entry settlement within ten (10) days after the Depository ceases to make its book-entry settlement available.

• If the Warrants are not DTC Eligible as of the Issuance Date or the Depository subsequently ceases to make its book-entry settlement system available for the Warrants, the Company may instruct the Warrant Agent to make other arrangements for book-entry settlement within ten (10) Business Days after the Depository ceases to make its book-entry settlement available.

• If at any time after the Effective Date, the Conversion Shares are not DTC Eligible, then the then-current Conversion Factor will automatically be reduced by an additional 5% for all future Conversions.

• If at any time after the Issuance Date, the Common Stock is not DTC Eligible, then an additional 5% discount shall be factored into the Conversion Price.

• Additionally, if at any time after the Effective Date, the Conversion Shares are not DTC Eligible, then the then-current Conversion Factor will automatically be reduced by 5% for all future Conversions.

More Definitions of DTC Eligible

DTC Eligible in respect of a given security, its eligibility to be traded electronically in book-entry form through DTC.

DTC Eligible means, with respect to the Series 2016 A Bonds, meeting the qualifications prescribed by DTC.

DTC Eligible has the meaning ascribed to it in the Note.

DTC Eligible means eligibility for trading and settlement in accordance with the Applicable Procedures.

DTC Eligible means Bonds meeting the qualifications prescribed by DTC.

DTC Eligible in respect of a given security its eligibility to be traded electronically in book-entry form through OTC. "DWAC" - DTC's Deposit Withdrawal Agent Commission system

DTC Eligible means Bonds meeting the qualifications prescribed by DTC. “Fees” means the fees assessed by the Issuer on the University’s students for the purpose of financing the Costs of the Project which fees are hereby pledged to secure the repayment of the Bonds, as authorized by the Act.