Common use of DWAC Clause in Contracts

DWAC. In lieu of delivering physical certificates representing the Unlegended Shares, upon request of Subscribers, so long as the certificates therefor do not bear a legend and the Subscriber is not obligated to return such certificate for the placement of a legend thereon, the Company shall cause its transfer agent to electronically transmit the Unlegended Shares by crediting the account of Subscriber’s prime broker with the Depository Trust Company through its Deposit Withdrawal Agent Commission system, if such transfer agent participates in such DWAC system. Such delivery must be made on or before the Unlegended Shares Delivery Date.

Appears in 33 contracts

Samples: Subscription Agreement (Southern Usa Resources Inc.), Subscription Agreement (Southern Usa Resources Inc.), Subscription Agreement (Southern Usa Resources Inc.)

AutoNDA by SimpleDocs

DWAC. In lieu of delivering physical certificates representing the Unlegended Shares, upon request of the Subscribers, so long as the certificates therefor do not bear a legend and the Subscriber is not obligated to return such certificate for the placement of a legend thereon, the Company shall cause its transfer agent to electronically transmit the Unlegended Shares by crediting the account of Subscriber’s prime broker with the Depository Trust Company through its Deposit Withdrawal Agent Commission system, if such transfer agent participates in such DWAC system. Such delivery must be made on or before the Unlegended Shares Delivery Date.

Appears in 10 contracts

Samples: Subscription Agreement (Wizard World, Inc.), Subscription Agreement (Wizard World, Inc.), Share Purchase and Share Exchange Agreement (Wizard World, Inc.)

DWAC. In lieu of delivering physical certificates representing the Unlegended Shares, upon request of Subscribers, so long as the certificates therefor do not bear a legend and the Subscriber is not obligated to return such certificate for the placement of a legend thereon, the Company shall cause its transfer agent to electronically transmit the Unlegended Shares by crediting the account of Subscriber’s prime broker with the Depository Trust Company through its Deposit Withdrawal Agent Commission system, if such provided that the Company’s Common Stock is DTC eligible and the Company’s transfer agent participates in such DWAC the Deposit Withdrawal Agent Commission system. Such delivery must be made on or before the Unlegended Shares Delivery Date.

Appears in 7 contracts

Samples: Subscription Agreement (Adamis Pharmaceuticals Corp), Subscription Agreement (Nuvel Holdings, Inc.), Subscription Agreement (ADVANCED MEDICAL ISOTOPE Corp)

DWAC. In lieu of delivering physical certificates representing the Unlegended Shares, upon request of SubscribersSubscriber, so long as the certificates therefor do not bear a legend and the Subscriber is not obligated to return such certificate for the placement of a legend thereon, the Company shall cause its transfer agent to electronically transmit the Unlegended Shares by crediting the account of Subscriber’s Subscribers’ prime broker with the Depository Trust Company through its Deposit Withdrawal Agent Commission system, if such transfer agent participates in such DWAC system. Such delivery must be made on or before the Unlegended Shares Delivery Date.

Appears in 4 contracts

Samples: Exchange Agreement (Attitude Drinks Inc.), Exchange Agreement (Attitude Drinks Inc.), Exchange Agreement (Attitude Drinks Inc.)

DWAC. In lieu of delivering physical certificates representing the Unlegended Shares, upon request of Subscribersa Subscriber, so long as the certificates therefor do not bear a legend and the Subscriber is not obligated to return such certificate for the placement of a legend thereon, the Company shall cause its transfer agent to electronically transmit the Unlegended Shares by crediting the account of Subscriber’s prime broker with the Depository Trust Company through its Deposit Withdrawal Agent Commission system, if such transfer agent participates in such DWAC system. Such delivery must be made on or before the Unlegended Shares Delivery Date.

Appears in 2 contracts

Samples: Subscription Agreement (Innovative Food Holdings Inc), Subscription Agreement (Ironwood Gold Corp)

DWAC. In lieu of delivering physical certificates representing the Unlegended Shares, upon request of SubscribersPurchasers, so long as the certificates therefor do not bear a legend and the Subscriber Purchaser is not obligated to return such certificate for the placement of a legend thereon, the Company shall cause its transfer agent to electronically transmit the Unlegended Shares by crediting the account of SubscriberPurchaser’s prime broker with the Depository Trust Company through its Deposit Withdrawal Agent Commission system, if such transfer agent participates in such DWAC system. Such delivery must be made on or before the Unlegended Shares Delivery Date.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Reach Messaging Holdings, Inc.), Exchange Agreement (Megawest Energy Corp.)

AutoNDA by SimpleDocs

DWAC. In lieu of delivering physical certificates representing the Unlegended Shares, upon request of Subscribers, so long as the certificates therefor do not bear a legend and the Subscriber is not obligated to return such certificate for the placement of a legend thereon, the Company shall cause its transfer agent to electronically transmit the Unlegended Shares by crediting the account of Subscriber’s prime broker with the Depository Trust Company DTC through its Deposit Withdrawal Agent Commission DWAC system, if such transfer agent participates in such DWAC system and provided Subscriber’s prime broker initiates the DWAC deposit for the required number of shares on the DWAC system. Such delivery must be made on or before the Unlegended Shares Delivery Date.

Appears in 1 contract

Samples: Escrow Agreement (Vicor Technologies, Inc.)

DWAC. In lieu of delivering physical certificates representing the Unlegended Shares, upon request of Subscribersa Subscriber, so long as the certificates therefor do not bear a legend and the Subscriber is not obligated to return such certificate for the placement of a legend thereon, the Company shall cause its transfer agent to electronically transmit the Unlegended Shares by crediting the account of Subscriber’s prime broker with the Depository Trust Company through its Deposit Withdrawal Agent Commission system, if such transfer agent participates in such DWAC system. Such delivery must be made on or before the Unlegended Shares Delivery Date.

Appears in 1 contract

Samples: Subscription Agreement (MusclePharm Corp)

DWAC. In lieu of delivering physical certificates representing the Unlegended Shares, upon request of Subscribersa Subscriber, for so long as the certificates therefor do not bear a legend and the Subscriber is not obligated to return such certificate for the placement of a legend thereon, the Company shall cause its transfer agent to electronically transmit the Unlegended Shares by crediting the account of Subscriber’s prime broker with the Depository Trust Company through its Deposit Withdrawal Agent Commission system, if such transfer agent participates in such DWAC system. Such delivery must be made on or before the Unlegended Shares Delivery Date.

Appears in 1 contract

Samples: Subscription Agreement (Medlink International, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.