Requirements for Deposits Sample Clauses

Requirements for Deposits. The Sponsor shall accept delivery of Bitcoin, other Digital Assets and/or cash by such means as the Sponsor in its sole discretion, from time to time, may determine to be acceptable for the Trust on behalf of a Series.
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Requirements for Deposits. All deposits into the Trust Account (other than Returned XL Preferred Securities, if any, deposited pursuant to Sections 3.6 and Section 6.1 hereof) shall be in U.S. dollars and shall be made by wire transfer of immediately available funds to such account as may be specified by the Trustee in writing from time to time. Any deposit of Returned XL Preferred Securities by the Grantor shall be made by delivering to the Trustee certificates evidencing such Returned XL Preferred Securities in negotiable and proper deliverable form or accompanied by a duly executed stock power, in blank, bearing the signature of the transferor.
Requirements for Deposits. Purchaser may make the Deposit in cash, certified funds or cashier’s check payable to the Escrow Holder or by wire transfer of immediately available funds (collectively, “Immediately Available Funds”). The Escrow Holder shall hold the Deposit in Escrow in an interest-bearing account or other investment as may be approved by Purchaser and all interest, earnings and accumulations thereon will be added to the Deposit. Seller’s wire transfer instructions are set forth on Schedule 4 attached hereto.
Requirements for Deposits. The Sponsor shall accept delivery of Ethereum, other Digital Assets and/or cash by such means as the Sponsor in its sole discretion, from time to time, may determine to be acceptable for the Trust on behalf of a Series.

Related to Requirements for Deposits

  • Eligibility Requirements for Owner Trustee The Owner Trustee shall at all times be a corporation satisfying the provisions of Section 3807(a) of the Statutory Trust Statute; authorized to exercise corporate trust powers; having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal or state authorities; and having (or having a parent that has) a rating of at least Baa3 by Moody's or is otherwise acceptable to the Rating Agencies. If such corporation shall publish reports of condition at least annually pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purpose of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Owner Trustee shall cease to be eligible in accordance with the provisions of this Section 9.01, the Owner Trustee shall resign immediately in the manner and with the effect specified in Section 9.02.

  • Eligibility Requirements for Trustee The Trustee hereunder shall at all times be a corporation or a national banking association having its principal office in a state and city acceptable to the Company and organized and doing business under the laws of such state or the United States of America, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal or state authority. If such corporation or national banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 8.07.

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