Sponsor’s Fee definition

Sponsor’s Fee means the fee to be paid to the Sponsor, which for each day shall be equal to (.004/365 or 366, depending on the number of days in the year) multiplied by (the Swedish Kronor in the Trust as of the close of business on the preceding Local Business Day, which shall include all unpaid interest but exclude unpaid fees, each as accrued through the immediately preceding day).

Sponsor’s Fee has the meaning ascribed to such term in Section 5.8(a).

Sponsor’s Fee means the fee to be paid to the Sponsor, which for each day shall be equal to (.004/365 or 366, depending on the number of days in the year) multiplied by (the Australian Dollars in the Trust as of the close of business on the preceding Local Business Day, which shall include all unpaid interest but exclude unpaid fees, each as accrued through the immediately preceding day).

Examples of Sponsor’s Fee in a sentence

• As partial consideration for the Sponsor’s services, the Trust pays Grayscale a Sponsor’s Fee as discussed in Note 6.

• The Sponsor, from time to time, may temporarily waive all or a portion of the Sponsor’s Fee at its discretion for a stated period of time.

• The Sponsor’s Fee accrues daily in U.S. dollars and is payable in BCH, monthly in arrears.

• The Sponsor’s Fee accrues daily at an annual rate of 2.5% of the Trust’s Digital Asset Holdings Fee Basis Amount and is payable monthly in arrears.

• Multiply the Index Price by the Trust’s aggregate number of Bitcoins owned by the Trust as of 4:00 p.m., E.T. on the immediately preceding day, less the aggregate number of Bitcoins payable as the accrued and unpaid Sponsor’s Fee as of 4:00 p.m., E.T. on the immediately preceding day.

More Definitions of Sponsor’s Fee

Sponsor’s Fee in Section 1.1 of the FXA Agreement is hereby deleted and replaced with the following:

Sponsor’s Fee shall have the meaning set forth in the Servicing Agreement.

Sponsor’s Fee has the meaning set forth in Section 6.8(a)(i).

Sponsor’s Fee means the fee to be paid to the Sponsor, which for each day shall be equal to (.004/365 or 366, depending on the number of days in the year) multiplied by (the Canadian Dollars in the Trust as of the close of business on the preceding Local Business Day, which shall include all unpaid interest but exclude unpaid fees, each as accrued through the immediately preceding day).

Sponsor’s Fee in Section 1.1 of the FXF Agreement is hereby deleted and replaced with the following:

Sponsor’s Fee means the fee to be paid to the Sponsor, which for each day shall be equal to (.004/365 or 366, depending on the number of days in the year) multiplied by (the Chinese Renminbi in the Trust as of the close of business on the preceding Local Business Day, which shall include all unpaid interest but exclude unpaid fees, each as accrued through the immediately preceding day).

Sponsor’s Fee shall have the meaning set forth in Section 2.13.