DVP definition
Examples of DVP in a sentence
Each Purchaser shall make such Purchaser’s Subscription Amount as set forth on the signature page hereto executed by such Purchaser available to be delivered to the Company (or its designee) via DVP (as defined below), and the Company shall deliver to each Purchaser its respective Securities, as determined pursuant to Section 2.2.1, and the Company and each Purchaser shall deliver the other items set forth in Section 2.2.2 deliverable at the Closing.
Settlement of the Shares shall occur via DVP (i.e., on the Closing Date, the Company shall issue the Securities registered in the Purchasers’ names and addresses, and the Shares shall be released by the Transfer Agent directly to the account(s) of each Purchaser; upon receipt of such Shares, and payment therefor shall be made by the applicable Purchaser (or its clearing firm) by wire transfer to the Company).