Common use of Settlement of Creation Order Clause in Contracts

Settlement of Creation Order. 3.1. Once the Total Basket Amount has been determined, the Sponsor or its delegate will send the Creation Order Calculation Email to the Authorized Participant providing the (i) Total Basket Amount and (ii) the address of a Digital Asset Account belonging to the relevant Trust.

Appears in 8 contracts

Samples: Master Participant Agreement (Grayscale Filecoin Trust (FIL)), Master Participant Agreement (Grayscale Ethereum Trust (ETH)), Master Participant Agreement (Grayscale Ethereum Classic Trust (ETC))

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Settlement of Creation Order. 3.1. Once the Total Basket Amount has been determined, the Sponsor Manager or its delegate will send the Creation Order Calculation Email to Emailto the Authorized Participant providing the (i) Total Basket Amount and Amount, (ii) the address addresses of a the relevant Digital Asset Accounts belonging to the Fund and (iii) wiring instructions for the transfer of any U.S. Dollars to the Cash Account belonging to the relevant TrustFund.

Appears in 1 contract

Samples: Participant Agreement (Grayscale Digital Large Cap Fund LLC)

Settlement of Creation Order. 3.1. Once the Total Basket Amount has been determined, the Sponsor or its delegate will send the Creation Order Calculation Email to the Authorized Participant providing the (i) Total Basket Amount and (ii) the address of a Digital Asset Account belonging to the relevant Trust.. Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83

Appears in 1 contract

Samples: Master Participant Agreement (Grayscale Bitcoin Trust (BTC))

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Settlement of Creation Order. 3.1. Once the Total Basket Amount has been determined, the Sponsor Manager or its delegate will send the Creation Order Calculation Email to the Authorized Participant providing the (i) Total Basket Amount and Amount, (ii) the address addresses of a the relevant Digital Asset Accounts belonging to a Fund and (iii) wiring instructions for the transfer of any U.S. Dollars to the Cash Account belonging to the relevant TrustFund.

Appears in 1 contract

Samples: Master Participant Agreement (Grayscale Digital Large Cap Fund LLC)

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