Tokens definition
Examples of Tokens in a sentence
Within three (3) Business Days of the end of each six-calendar-month period (as applicable, each, a “Crypto Interest Payment Date”), the Company shall pay any outstanding accrued Crypto Interest Amount as of such applicable Crypto Interest Payment Date to the Holder in cash or BTC (as defined in the Security Agreement) to the wallet address provided by the Holder and the Holder shall be entitled to 50% of the Crypto Rewards earned by the Company in respect of the Purchased Tokens.
At any time this Debenture remains outstanding, the Company may delegate Purchased Tokens with yield-generating activities upon consent of the Holder, of which the net proceeds will be considered Crypto Rewards.
All Purchased Tokens shall be (x) deposited by the Company with the Custodian in the Blocked Custodial Account (as defined in the Security Agreement) and (y) Staked (as defined in the Security Agreement) in accordance with the terms of the Security Agreement.
This Debenture shall accrue staking interest at any time the Company, directly or indirectly, is entitled to Crypto Rewards with respect to Purchased Tokens (the “Crypto Interest”, and such aggregate amount accrued and unpaid to the Holder from time to time, each a “Crypto Interest Amount”).