New Token definition

New Token has the meaning given in clause 6.
View Source
New Token means incremental tokens distributed to the holder of Digital Currency in connection with a Hard Fork in the Digital Currency protocol or an Applicable Airdrop.
View Source
New Token means, any incremental token generated as a result of a Hard Fork in the Digital Asset protocol or an applicable Airdrop that meets the following conditions: (i) [***] (ii) [***]
View Source

Examples of New Token in a sentence

  • Borrower can reimburse Lender for the value of the New Tokens with any combination of a one-time Digital Currency payment of the relevant Digital Currency reflecting the amount of the New Token due using the agreed upon spot rate at the moment of repayment, returning the loaned Digital Currency so that Lender can split the tokens themselves, sending the New Tokens directly to Lender, or a Dollar cash payment at the agreed upon spot rate of the New Token at the time of repayment.

  • Lender, in its sole discretion may reimburse Borrower for the value of the New Tokens with any combination of a one-time Digital Currency payment of the relevant Digital Currency reflecting the amount of the New Token due using the agreed upon spot rate at the moment of repayment or a Dollar cash payment at the agreed upon spot rate of the New Token at the time of repayment.


More Definitions of New Token

New Token means all Blockchain Tokens, including PROPS, designed, developed, or implemented by or on behalf of the Client during the Token Allocation Period.
View Source
New Token means any digital asset or virtual currency tokens or similar asset minted or generated with respect to, or otherwise distributed in connection with, any pre-existing Digital Asset.
View Source