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.

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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 Investor’s brokerage firm for the benefit of Investor.

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

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.

• Contributions may not be made into the Plan if the Beneficiary is not a DTC Eligible Individual in respect of the taxation year in which the contribution is made.

• 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.

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

More Definitions of DTC Eligible

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 or “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.

DTC Eligible means Bonds meeting the qualifications prescribed by DTC.

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

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.