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 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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Examples of Cryptocurrency Entitlement in a sentence

  • If the Bonds are redeemed in Euro, the redemption amount will be equal to the proceeds of sale of the Cryptocurrency Entitlement using the Cryptocurrency Divestment Procedure as set out in the conditions applicable to each issue of Bonds (each a “Series of Bonds”) as set out in the Base Prospectus and as completed by the relevant Final Terms (as defined below).

  • However, each holder of a Bond (the “Bondholder”) may terminate its Bonds against payment of the Cryptocurrency Entitlement (as defined below) or against payment of Euro.


More Definitions of Cryptocurrency Entitlement

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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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 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, 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, 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

  • Security Entitlement The meaning specified in Section 8-102(a)(17) of the UCC.

  • 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.