DWAC Operational definition
DWAC Operational means that the Common Stock is eligible for clearing through the Depository Trust Company (“DTC”) via the DTC’s Deposit Withdrawal Agent Commission or “DWAC” system and active and in good standing for DWAC issuance by the Transfer Agent (as defined herein).
DWAC Operational means that the Common Stock is eligible for clearing through the Depository Trust Company (“DTC”)
DWAC Operational means that the Common Stock is eligible for clearing through the Depository Trust
Examples of DWAC Operational in a sentence
Further, at all times while any Securities are outstanding, the Common Stock shall be DWAC Operational, and the Common Stock shall not be subject to any DTC “chill” designation or similar restriction on the clearing of the Common Stock through DTC.