Treasury Assets definition

Treasury Assets shall consist of (a) certain cash net proceeds of the offering of the Client’s securities in accordance with Section 4 of that certain Securities Purchase Agreement, dated September 1, 2025, between the Client and each purchaser identified on the signature pages thereto (the “Initial Capital Raise”), (b) cash proceeds the Client receives in connection with additional capital raises, if any, with substantially similar objectives as the Initial Capital Raise and (c) additional available cash or digital assets placed in the Account in accordance with this Section 2, as well as all investments thereof, proceeds of, income on and additions or accretions to same, including all assets which are or were in the Account, but which are deployed in decentralized finance or similar blockchain transactions from time to time in accordance with the investment strategy applicable to the Account set forth in Schedule B (the “Investment Strategy”). The Client may contribute assets to the Account at any time with the consent of the Asset Manager and may withdraw assets from the Account by providing at least five days’ advance written notice to the Asset Manager; provided, that the Client understands and agrees that certain types of investments may only be liquidated at certain (sometimes infrequent) times and reasonable extensions to such five days’ notice period shall be permitted by the Client in good faith to account for market conditions or other events that in good faith require an extension. The Client acknowledges and agrees that withdrawals will be funded first by accessing free cash balances and money market instruments; funds derived from the liquidation of all other assets will be deliverable upon final settlement of the trade(s) funding the withdrawal. Withdrawals will not affect: (a) the validity of any actions the Asset Manager has previously taken, or (b) the Client’s liabilities or obligations for transactions started before withdrawal. The Client’s ability to withdraw assets from the Account is subject to any liquidity restrictions applicable to a particular investment and compliance with any internal corporate procedures and policies applicable to the Client. The Client acknowledges that the Treasury Assets may constitute only a part of the assets of the Client, and that the Asset Manager may act without regard to or consideration of any other assets that may from time to time be held by the Client and shall have no responsibility, duty or liability with res...
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Treasury Assets means the fixed income instruments issued by the United
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Examples of Treasury Assets in a sentence

  • Title to the Accounts and all Treasury Assets shall be held in the name of the Client, provided that for convenience in buying, selling and exchanging assets, title to such assets may be held in the name of the Custodian, or its nominee, or the street name of the Client’s Custodian.

  • The Asset Manager shall have sole responsibility and authority regarding the management of the Treasury Assets and shall direct the investment and reinvestment of such assets in the Account subject to the Investment Strategy and the terms of this Agreement.

  • Further, the Client hereby appoints 21Shares to provide the Non-Discretionary Services to the Asset Manager as further described in Section 3 with respect to the Treasury Assets and authorizes the Asset Manager to provide 21Shares with read-only access to such information with respect to the Treasury Assets and the Account as are reasonably required for 21Shares to provide the Non-Discretionary Services.

  • Neither the Asset Manager nor any of its affiliates shall take physical custody, possession, or have any authority to take physical custody or possession of, or handle any cash, mortgages or deeds of trust, or other indicia of ownership of any of the Treasury Assets.

  • Unless otherwise agreed in writing by the Asset Manager, the Asset Manager shall have no obligations to take any action on behalf of the Client in any legal proceedings, including bankruptcies or class actions, involving any Treasury Assets or issuers related thereto.

  • This Agreement constitutes the Client’s authorization for the Custodian to assist the Asset Manager in effectuating any of the foregoing powers pursuant to the terms of this Agreement, including opening accounts, exercising or abstaining from the exercise of any rights with respect to the Treasury Assets, and paying reasonable fees and charges to service providers or other counterparties.

  • Instructions by the Asset Manager to the Custodian with respect to the Treasury Assets shall be made electronically (e.g., through an API feed), in writing, or by other documented means agreeable to the Asset Manager and the Custodian.

  • The Client acknowledges that the Treasury Assets may constitute only a part of the assets of the Client, and that the Asset Manager may act without regard to or consideration of any other assets that may from time to time be held by the Client and shall have no responsibility, duty or liability with respect to any assets not Treasury Assets.

  • Neither the Asset Manager nor 21Shares shall under any circumstances act as custodian for the Accounts or take, have title, possession, or any authority to take physical custody or possession of the Treasury Assets.

  • Notwithstanding any transactions authorized by this Agreement and executed by the Asset Manager pursuant to authority granted herein, all Treasury Assets shall be custodied by the Custodian.