Digital Assets definition
Examples of Digital Assets in a sentence
In such event, Borrower may treat the Loaned Digital Assets as its own and Lender’s obligation to return a like amount of the Collateral will terminate.
Each such transaction will be referred to herein as a “Loan” and, unless otherwise agreed in writing, will be governed by this Agreement, including any supplemental terms or conditions contained in an annex or schedule hereto and in any other annexes identified herein or therein as applicable hereunder (including any agreements governing Account(s) in force between the Parties), provided however that Digital Assets lent by Borrower to Coinbase Credit will not be subject to this Agreement.
Subject to Section 18, upon the satisfaction of all Lender’s obligations hereunder, any remaining Loaned Digital Assets (or remaining Cash proceeds thereof) will be returned to Lender.
Borrower may similarly apply the Loaned Digital Assets and any proceeds thereof to any other obligation of Lender under this Agreement, including Lender’s obligations with respect to Distributions paid to, including Entitlements received by, Lender (and not forwarded to Borrower) in respect of Collateral, if any.
In the event that (i) the purchase price of Replacement Digital Assets (plus all other amounts, if any, due to Lender hereunder) exceeds (ii) the amount of the Collateral and any proceeds therefrom, Borrower will be liable to Lender for the amount of such excess together with interest thereon at a rate equal to the Federal Funds Rate as such rate fluctuates from day to day, from the date of such purchase until the date of Borrower’s payment of such excess.