DEPOSITING SHARES Sample Clauses
The 'Depositing Shares' clause outlines the process by which shares are placed into a designated account or with a specified party, often as part of a transaction or to fulfill certain contractual obligations. Typically, this involves the shareholder transferring their shares to an escrow agent or a central depository, where the shares are held until specific conditions are met, such as the completion of a sale or the satisfaction of regulatory requirements. This clause ensures that the shares are securely held and not transferred or encumbered during the relevant period, thereby protecting the interests of all parties and facilitating a smooth transaction process.
DEPOSITING SHARES. In the event that the investor cannot deposit the shares for any reason, for example the Stock is not “DWAC Eligible”, the price is too low or it is subject to a “DTC chill,” the Drawdown will be delayed until the shares can be deposited.