Examples of DWAC in a sentence
The ADSs constituting the applicable VWAP Purchase ADS Amount to be purchased by the Investor in a VWAP Purchase shall be delivered to the Investor as DWAC ADSs not later than 1:00 p.m., New York City time, on the VWAP Purchase Exercise Date for such VWAP Purchase.
The Common Stock must be DWAC Eligible and not subject to a “DTC chill”.
In accordance with Section 2.1 and subject to the satisfaction of the conditions set forth in Section 8.2, the Company shall deliver the Purchase Notice Securities as DWAC Shares or DRS Shares to the Investor pursuant to Section 2.3(b) alongside the delivery of each Purchase Notice by email at the Investor’s email address set forth in Section 10.17 and by overnight courier at the Investor’s address set forth in Section 10.17.
No later than 8:00 a.m. New York time on the Business Day of the Purchase Notice Date, the Company shall deliver the Purchase Notice Shares as DWAC Shares to the Investor.
The Depositary does not have a policy prohibiting or limiting delivery of the VWAP ADSs as DWAC ADSs.