Restrictions on operations with Deposited Cryptocurrency. In case the Issuer has granted Cryptocurrency Security over the Deposited Cryptocurrency to the Security Trustee, the Issuer may only transfer Deposited Cryptocurrency out of the Depositary Wallet if: (a) the Security Trustee (after the occurrence of an Event of Default) has approved such transfer in writing; or (b) the Administrator (if appointed) has approved such transfer to the Depositary operating the relevant Depositary Wallet in accordance with operational procedures established in the course of its appointment. The Issuer is expressly permitted to transfer Deposited Cryptocurrency out of the Depositary Wallet if paragraph (a) or (b) above are satisfied.
Appears in 8 contracts
Samples: Security and Security Trust Agreement, Security and Security Trust Agreement, Security and Security Trust Agreement
