Crypto Assets Sample Clauses

Crypto Assets. Each Loan Party shall maintain all Crypto Assets owned by such Loan Party in a Wallet in the custody and control of a Person that is not a Loan Party or a Subsidiary or an Affiliate of a Loan Party and such Person shall authenticate a writing whereby it acknowledges that it has custody and control of such Crypto Assets and Wallet for the benefit of the Agent and the Lenders, and agrees that it shall comply with all instructions of Agent without further consent of any Loan Party and shall subordinate any lien it may have in the Crypto Assets or Wallet to the Agent’s security interest therein. Such Wallet shall at all times be subject to a Wallet Security Agreement in favor of Agent.

Crypto Assets. “: A crypto asset is a type of financial asset that is based on cryptography and distributed ledger technology (DLT) or similar technologies.