Open Deal definition
Open Deal means a Loan without a Maturity Date where Borrower may redeliver the Digital Currency and/or Dollars, and Lender may recall the Borrowed Asset, at any time, subject to this Agreement.
Open Deal a Deal prior to its Expiration or a Deal prior to its closing by order of the Client.
Open Deal means a Loan without a Maturity Date where Borrower may redeliver the Digital Currency and/or Dollars and Lender to may recall the Digital Currency and/or Dollars at any time, subject to this Agreement.
Examples of Open Deal in a sentence
In the event of a termination of this Agreement as set forth in this provision, (i) all outstanding Open Deal Loan(s) shall be deemed terminated and any loaned Borrowed Asset shall be redelivered immediately and any fees owed shall be payable immediately, and (ii) all outstanding Term Deal Loans shall continue until the relevant Maturity Date for such Loan(s).
For the avoidance of doubt, in the event of a termination of this Agreement due to an Event of Default or Termination Event, all Open Deal and Term Deal Loans shall be deemed terminated, all Borrowed Assets and Collateral shall be redelivered/repaid immediately, and any fees owed shall be payable immediately.