Coin-Holder definition
Examples of Coin-Holder in a sentence
This COIN RIGHTS AGREEMENT (as the same may be amended or modified from time to time pursuant to the terms hereof, this “Agreement”) is an agreement between CERES COIN LLC, a Delaware limited liability company (the “Company”) and each Coin-Holder (as defined below) and governs each Coin-Holder’s rights and restrictions in connection with the ownership of the respective Coin(s) (as defined below) held by such Coin-Holder.
Each Coin-Holder, by virtue of their purchase (or other acceptance) of a Coin, irrevocably agrees to be bound by all of the terms and conditions of this Agreement with respect to all Coins at any time held by (or otherwise on behalf of) such Coin-Holder and all rights of such Coin-Holder as the holder of such Coins.
Upon the payment (in full) of all amounts payable to a Coin-Holder hereunder, all Coins then held by such Coin-Holder will be deemed fully satisfied and automatically terminated without further notice to, or action by, any party.
All notices and communications to be given or otherwise made to a Coin-Holder are to be sent electronically to the last known email (or other electronic) address for such Coin-Holder on the books and records of the Company (or such other electronic address as may be directed by such Coin-Holder from time to time by written notice to the Company).
The failure of any Coin-Holder to approve or disapprove any Proposed Amendment within ten (10) days after the date the respective PA Notice is delivered (or deemed to be delivered pursuant to Section 10(f)(iii) below), will be deemed an affirmative approval by such Coin-Holder of the subject Proposed Amendment for all purposes of determining Super-Majority Consent to such Proposed Amendment pursuant to this Section 10(d)(i).
Further, each Coin-Holder agrees, at any time and from time to time at the request of the Company, to promptly execute and deliver (or cause to be executed and delivered) such documents and instruments, and take all such actions, as the Company may require in connection with the establishment/maintenance of such Coin-Holder’s respective Wallet (specifically including all of the same necessary in order to satisfy all applicable AML/KYC Verifications established from time to time by the Company).
Further, each Coin-Holder hereby acknowledges that each Buyback’s will be completed automatically via the Framework and without further notice to, or consent of, any then Coin-Holder.
The failure of any Coin-Holder to approve or disapprove any Proposed Amendment within ten (10) days after the date the respective PA Notice is delivered (or deemed to be delivered pursuant to Section 8(f)(iii) below), will be deemed an affirmative approval by such Coin-Holder of the subject Proposed Amendment for all purposes of determining Super-Majority Consent to such Proposed Amendment pursuant to this Section 8(d)(i).