DTC Facility Sample Clauses
The DTC Facility clause defines the use of the Depository Trust Company (DTC) as a central securities depository for the electronic settlement of securities transactions. In practice, this clause specifies that securities will be issued, transferred, and settled through DTC’s book-entry system rather than by physical certificates, streamlining the process for both issuers and investors. By establishing DTC as the settlement mechanism, the clause ensures efficient, secure, and standardized handling of securities, reducing administrative burdens and minimizing risks associated with physical transfers.
DTC Facility. The Company shall cooperate with the Manager and use its reasonable efforts to permit the Shares to be eligible for clearance and settlement through the facilities of DTC.
DTC Facility. The Company shall cooperate with Manager and use its reasonable efforts to permit the ADSs to be eligible for clearance and settlement through the facilities of DTC.