Cryptocurrency Entitlement definition

Cryptocurrency Entitlement means, as of any Business Day, the Bondholder’s claim against the Issuer in respect of each Bond, expressed as the number of the units of the Cryptocurrency per Bond, and calculated by the Issuer in its sole discretion in accordance with the following formula:
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Cryptocurrency Entitlement means, as at any Business Day, a Bondholder’s claim against the Issuer in respect of each Bond, expressed as the number of units of the underlying Cryptocurrencies per Bond, and calculated by the Issuer in its sole discretion in accordance with the following formula (as further described in the Terms and Condi- tions):CE = ICE x (1-DER)nWhere:
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Cryptocurrency Entitlement means, as at any Business Day, the Bondholder's claim against the Issuer in respect of each Bond, expressed as the amount of BTC per Bond, and calculated by the Issuer in its sole discretion in accordance with the following formula (as further described in the Terms and Conditions):
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Examples of Cryptocurrency Entitlement in a sentence

  • The Bonds will be delivered via book-entry through the clearing system and its account holding banks.In the secondary market Bonds can be purchased exclusively with fiat.Method of determination of the Issue Price: The issue price for Authorised Participants is equal to the Cryptocurrency Entitlement plus a subscription fee.

  • However, each Bondholder may terminate his Bonds against payment of the Cryptocurrency Entitlement (or against payment of USD if a Bondholder is prevented from receiving the Cryptocurrency due to legal or regulatory reasons).

  • If a Bondholder exercises his Put Option vis-á-vis the Issuer or vis-á-vis an Authorised Participant an exercise fee in addition to the Upfront Redemption Fee (where applicable) in an amount equal to 1.00 percent of the Cryptocurrency Entitlement for each Bond in relation to which the Put Option is exercised will be charged (the "Exercise Fee").

  • If a Split occurs and leads to the creation of two or more cryptocurrencies, each Bond shall thereafter represent a claim on a group of post-Split cryptocurrencies that corresponds to such Cryptocurrency Entitlement as each Bond represented before the Split.

  • If a Bondholder decides to demand redemption directly from the Issuer and, irrespective of whether the repayment is made in the relevant Cryptocurrency or units of the underlying Cryptocurrencies comprising the Basket or in USD, the Issuer may charge a fee of up to 1.00 percent of the Cryptocurrency Entitlement (as specified in the relevant Final Terms) for each Bond in relation to which the Put Option is exercised (lower fees apply for redemptions by the Bondholders who are Authorised Participants).

  • If an Event of Default occurs and is continuing, each Bondholder shall be entitled to declare all but not some of its Bonds due and payable by submitting a Termination Notice (pursuant to sub-paragraph (2) below) to the Issuer for its entire claim arising from the Bonds and demand (subject to sub-paragraph (3) below) an immediate payment of the Cryptocurrency Entitlement per Bond.

  • In order for a Bondholder to receive the Cryptocurrency Entitlement, such Bondholder needs to (i) submit a duly completed Mandatory Redemption Form (obtainable from the Website), including any documents requested in such form for verification of the Bondholder’s identity; and(ii) transfer its Bonds to the Issuance Account free of payment.

  • The Bonds may only be subscribed or purchased by Authorised Participants from the Issuer in the primary market against transfer of a number of units of the Cryptocurrency corresponding to the Cryptocurrency Entitlement (as of the date of the subscription or purchase in the primary market) per Bond to be subscribed or purchased.

  • If Bonds are redeemed in USD, the redemption amount will be equal to the proceeds of sale of the Cryptocurrency Entitlement using the Cryptocurrency Auction Procedure (as defined below) ("1.3.3. Auction cannot be carried out due tomissing participants or insufficient bids"), if such procedure results in a successful sale.

  • If Bonds are redeemed in USD, the redemption amount will be equal to the proceeds of sale of the Cryptocurrency Entitlement using the Cryptocurrency Auction Procedure (as defined below) ("1.3.3. Auction cannot be carried out due to missing participants or insufficient bids"), if such procedure results in a successful sale.


More Definitions of Cryptocurrency Entitlement

Cryptocurrency Entitlement means, as at any Business Day, a Noteholder’s claim against the Issuer in respect of each Notes, expressed as the number of units of the Cryptocurrency or Units of the Basket per Notes, and calculated by the Issuer in its sole discretion in accordance with the following formula (as further described in the Terms and Conditions): CE = ICE x (1-DER)^n Where:
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Cryptocurrency Entitlement means, as at any Business Day, the Bondholder’s claim against the Issuer in respect of each Bond, expressed as the number of the units of the Cryptocurrency or Cryptocurrencies comprising the Basket, as the case may be, per Bond, and calculated by the Issuer in its sole discretion in accordance with the formula pursuant to § 1(8) of the Terms and Conditions (as defined below).
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Cryptocurrency Entitlement means, as of any Business Day, the Bondholder’s claim against the Issuer in respect of each Bond, expressed as the amount of BTC per Bond, and calculated by the Issuer in its sole discretion in accordance with the following formula:CE = ICE x (1-DER)nWhere:
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Cryptocurrency Entitlement means, as at any Business Day, a Noteholder's claim against the Issuer for delivery of a number of APE units per Note (minus fees) as calculated by the Issuer in its sole discretion in accordance with the following formula:CE = ICE x (1-DER)^nWhere:
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Cryptocurrency Entitlement means the sum of individual "Single Cryptocurrency Entitlements" in respect of each particular cryptocurrency comprising the Basket per Note.
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Cryptocurrency Entitlement means, as at any Business Day, a Bondholder’s claim against the Issuer in respect of each Bond, expressed as the number of units of the Cryptocurrency or Units of the Index per Bond, and calculated by the Issuer in its sole discretion (as further described in the Terms and Conditions) as follows:
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Related to Cryptocurrency Entitlement

  • Cryptocurrency means a digital or electronic medium of exchange, operating independently of a central bank, in which encryption techniques are used to regulate generation of units and to verify transfer of units from one person to another.

  • Foreign Currency Equivalent means, with respect to any amount in Dollars, the amount of any Foreign Currency that could be purchased with such amount of Dollars using the reciprocal of the foreign exchange rate(s) specified in the definition of the term “Dollar Equivalent”, as determined by the Administrative Agent.

  • Alternative Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

  • Base Currency Equivalent means, with respect to an amount on a Valuation Date, in the case of an amount denominated in the Base Currency, such Base Currency and, in the case of an amount denominated in a currency other than the Base Currency (the “Other Currency”), the amount of Base Currency required to purchase such amount of the Other Currency at the spot exchange rate determined by the Valuation Agent for value on such Valuation Date.

  • Currency of the Client Account means the currency that the Client Account is denominated in.

  • Committed dose equivalent (HT,50) means the dose equivalent to organs or tissues of reference (T) that will be received from an intake of radioactive material by an individual during the 50-year period following the intake.

  • Currency exchange means receipt of compensation from the exchange of money of one government for money of another government.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • RMB Currency Events means any one of RMB Illiquidity, RMB Non-Transferability and RMB Inconvertibility;

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other customary cash management arrangements.

  • Designated LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no such currency is specified on the face hereof, United States dollars.

  • Currency Pair means the object or Underlying Asset of a CFD Transaction based on the change in the value of one currency against the other. A Currency Pair consists of two currencies (the Quote Currency and the Base Currency) and shows how much of the Quote currency is needed to purchase one unit of the Base Currency.

  • Eurocurrency Payment Office of the Administrative Agent shall mean, for each Foreign Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such currency as specified from time to time by the Administrative Agent to the Company and each Lender.

  • Client Money Rules means the rules specified in the applicable regulation and other related matters issued pursuant to this paragraph.