Currency Tokens definition

Currency Tokens means the NOK digital currency tokens created and recorded using the Ledger which have been issued by or on behalf of the Company, which tokens are subject to the Conditions;
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Examples of Currency Tokens in a sentence

  • The Buy-back Option will be supported by the Reserve which may be used to satisfy buy-back of the Currency Tokens by the Company from the Tokenholders.

  • The Currency Tokens incorporate a buy-back option exercisable by the Company in its sole discretion (the "Buy-back Option").

  • At all times whilst Backed Currency Tokens remain in issue, the Company will maintain the Reserve in an amount which is sufficient to satisfy Buy-back of the Backed Currency Tokens at the then-current Buy-back Price (as defined below) in full.

  • The Currency Tokens and any non-contractual obligations arising out of or in connection with them are governed by, and shall be construed in accordance with Danish law.

  • Except as set out in Condition 2.6, upon the first purchase of Currency Tokens after their issuance pursuant to the Initial Agreement, the Price (calculated by the Company per token and multiplied by the applicable number of Tokens being purchased), shall be paid by the Tokenholder in SEK and such proceeds (the "Issuance Proceeds") shall be added to the Reserve.

  • On the Initial Issuance Date the Currency Tokens will be priced at a ratio of 10,000 Tokens : 1 Minor Unit such that one Token will be purchased at a price of one Minor Unit / 10,000.

  • Available Amounts relating to the cancelled Currency Tokens received within that six month period shall be paid on the last Business Day of each calendar month, as available.

  • Subject to clause8.2 below, the Currency Tokens shall be freely transferable by the relevant holder of the Currency Tokens without the prior written consent of the Company.

  • In exercising the Buy-back Option the Company will calculate the buy-back price for the Currency Tokens to be purchased from the relevant Tokenholder by reference to the number of tokens submitted for Buy-back, the Inflation Adjusted Token Price (as defined below),andany Transaction Specific Costs (as defined below) (the "Buy-back Price").

  • All payments in respect of the Currency Tokens shall be made without withholding or deduction for, or on account of, any present or future taxes, duties or charges of whatsoever nature unless the Company is required by applicable law to make any payment in respect of the Currency Tokens subject to any withholding or deduction for or on account of any present or future taxes, imposts, assessments, levies, duties or charges of whatsoever nature.

Related to Currency Tokens

  • Currency means any currency or currencies, composite currency or currency unit or currency units, including, without limitation, the Euro, issued by the government of one or more countries or by any recognized confederation or association of such governments.

  • Foreign Currency means any currency or currency unit issued by a government other than the government of The United States of America.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Pounds Sterling means the lawful currency of the United Kingdom.

  • Index Currency means USD.

  • Currency Agreement means any foreign exchange contract, currency swap agreement or other similar agreement or arrangement designed to protect the Company or any Restricted Subsidiary of the Company against fluctuations in currency values.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension: