Crypto Collateral definition
Crypto Collateral means, as of any date of determination, Acceptable Cryptocurrency that is (a) owned by the Grantors and (b) located or maintained in a Blocked Custodial Account that is subject to a Custodian Control Agreement and Collateral Agent’s perfected first-priority Lien.
Crypto Collateral means (a) all Note Purchased Crypto acquired using the proceeds of the Purchase Price of the Initial Notes issued on the Initial Closing Date, (b) all other Note Purchased Crypto and (c) all other Article 12 Collateral acquired using the proceeds of the Purchase Price of the Notes.
Crypto Collateral means, collectively, 11,374.8935 (or such lesser amount following the release of any ETH in accordance with Section 6(c) hereof) ETH and all Article 12 Collateral related thereto maintained in the Blocked Control Account.
Examples of Crypto Collateral in a sentence
The Company shall also pay to the Lead Buyer an annual commitment facility fee (the “Facility Fee”) equal to 2.0% of the Crypto Collateral Measurement Value (as defined in the Security Agreement) held by the Company in the Custodial Accounts (as defined in the Security Agreement).