USD1 definition
Examples of USD1 in a sentence
In respect of each Purchaser, the portion of the Subscription Amount to be paid in USD1, USDT, USDC, or $WLFI (or a combination thereof) shall be referred to as the “Non-Cash Amount”).
In respect of each Purchaser, the portion of the Subscription Amount to be paid in USD1, USDT or USDC (or a combination thereof) shall be referred to as the “Non-Cash Amount”).
If Purchaser elects to pay all or a portion of the Subscription Amount in USD1 then the number of USD1to be paid to the Company shall equal (a) the Subscription Amount, divided by (b) the 24-hour volume-weighted average price of USD1 published by the Asset Manager, calculated over the 24-hour period immediately preceding 12:00 noon (New York City time) on [●], 2025.
If Purchaser elects to pay all or a portion of the Subscription Amount in USD1, USDT or USDC then the value of USD1, USDT or USDC, as applicable, shall be treated as functionally equivalent to U.S. dollars, with a fixed exchange rate of $1.00.