Coin Entitlement definition

Coin Entitlement means, as at any date and in relation to a Digital Security of any class, the amount(s) of the Digital Currency of the Underlying Type to which (subject as provided in the Conditions) the Security Holder is entitled on Redemption of that Digital Security on that date calculated in accordance with Condition 5 (Coin Entitlement);
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Coin Entitlement means, as at any date and in relation to a Security of a Series of Securities, the amount(s) of the Crypto Asset Collateral to which (subject as provided in the Conditions) the Securityholder is entitled on redemption of that Security on that date calculated in accordance with Condition 8 (Coin Entitlement).
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Coin Entitlement means, as at any date and in relation to a Digital Security of any
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Examples of Coin Entitlement in a sentence

  • This transfer may crystallise a gain or loss on the partial disposal of the Coin Entitlement.

  • The income tax consequences for a Holder in relation to an investment in this product depend on whether the Holder holds the Coin Entitlement on revenue account or on capital account.

  • As described above, these are expected to be close to the cash value of the Coin Entitlement at that time however there is no guarantee this price will be the same on the Cboe market.Any purchases of Coin Interests will generally be done at a “bid price” and any sales of Coin Interests will generally be done at an “offer price”.

  • A Holder who acquires their Coin Entitlement for long term investment purposes may hold their Coin Entitlement on capital account.Ultimately, the tax treatment of investing in the Coin Entitlement will depend on the Holder’s own circumstances and should be discussed with a tax advisor.

  • The Coin Entitlement represented by each Coin Interest reduces each day by the amount of the Management Fee (and any extraordinary expenses or distributions made by the Fund).

  • By becoming a Holder, you irrevocably authorise and direct the Responsible Entity to sell any Claimable Forked Assets on your behalf and distribute the proceeds to you in cash, such sales of Claimable Forked Assets being on the same terms as those applying to the Coin Sale Method.To the extent the Responsible Entity makes a distribution (other than distributions in respect of Claimable Forked Assets), this may reduce the Coin Entitlement.

  • A Holder will generally make a capital gain on the disposal of the Coin Entitlement where the sale proceeds exceeds the cost base of the Coin Entitlement.

  • The bid and offer prices of a Coin Interest will not match exactly the Australian dollar cash value of the Coin Entitlement because bid and offer prices also take account of other market conditions such as market liquidity (supply and demand) at the time that the investor is looking to buy or sell their Coin Interests.You should also note the amount you receive in respect of any sales on the Cboe market will be net of any brokerage or other fees charged by your broker.

  • If there is a divergence between the Net Asset Value per Coin Interest and the Coin Entitlement (for example, during a Fork) the Responsible Entity in its absolute discretion may determine that redemptions will be suspended.

  • For completeness, if a Holder is not treated as being absolutely entitled to their Coin Entitlement (fortax purposes), then the tax consequences of the investment would be different to those described above.


More Definitions of Coin Entitlement

Coin Entitlement means the entitlement per Series of Security as calculated in accordance with Condition 5 (Coin Entitlement);
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Coin Entitlement means as at any date and in relation to a Digital Security of a Class, the amount(s) of the Underlying Asset determined in accordance with Annex A Condition 2 (Coin Entitlement);
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Related to Coin Entitlement

  • M2M Entitlement means a Non-Monitoring RTO’s share of a M2M Flowgate’s total capability to be used for settlement purposes that is calculated pursuant to Section 6 of Schedule D to this Agreement.

  • Security Entitlement shall have the meaning specified in Section 8-102(a)(17) of the UCC.

  • Full Entitlement ADR(s) “Full Entitlement ADS(s)” and “Full Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • Entitlement means the entitlement specified as such in the definition of the relevant Series, subject to any adjustment in accordance with Product Condition 4;

  • Partial Entitlement ADR(s) “Partial Entitlement ADS(s)” and “Partial Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Entitlement Holder shall have the meaning specified in Section 8-102 of the UCC.

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

  • Entitlements means, with respect to any Offering, the license and use types, limits, volume, or other measurement or conditions of permitted use for such Offering as set forth in the applicable Order or Supplemental Terms, including but not limited to any limits or restrictions on the number and categories of users authorized to use such Offering, permitted geographic areas, available storage space, computing power, or other attributes and metrics.

  • Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

  • Partial Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Full Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Uncertificated Security shall have the meaning given such term in Section 8-102(a)(18) of the UCC.

  • uncertificated share means a share of a class which is at the relevant time a participating class, title to which is recorded on the register as being held in uncertificated form and references in these articles to a share being held in uncertificated form shall be construed accordingly;

  • Defined Contribution Fraction means a fraction, the numerator of which is the sum of the Annual Additions to the Participant's Account under all the defined contribution plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation Years (including the Annual Additions attributable to the Participant's nondeductible Voluntary Contributions to all defined benefit plans, whether or not terminated, maintained by the Employer and the Annual Additions attributable to all welfare benefit funds, as defined in section 419(e) of the Code, and individual medical benefit accounts as defined in section 415(l)(2) of the Code, and simplified employee pensions, maintained by the Employer) and the denominator of which is the sum of the Maximum Aggregate Amounts for the current and all prior Limitation Years of Service with the Employer (regardless of whether a defined contribution plan was maintained by the Employer). The Maximum Aggregate Amount in any Limitation Year is the lesser of one hundred twenty-five percent (125%) of the dollar limitation in effect under section 415(c)(1)(A) of the Code or thirty-five percent (35%) of the Participant's Compensation for such year. If the Employee was a Participant as of the end of the first day of the first Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction will be adjusted if the sum of this fraction and the Defined Benefit Fraction would otherwise exceed one (1.0) under the terms of this Plan. Under the adjustment, an amount equal to the product of (A) the excess of the sum of the fractions over one (1.0) times (B) the denominator of this fraction, will be permanently subtracted from the numerator of this fraction. The adjustment is calculated as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and conditions of the Plan made after May 5, 1986, but using the section 415 limitation applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Additions for any Limitation Year beginning before January 1, 1987 shall not be recomputed to treat all Employee contributions as Annual Additions.

  • License, permit, or other entitlement for use means all business, professional, trade and land use licenses and permits and all other entitlements for use, including all entitlements for land use, all contracts (other than competitively bid, labor, or personal employment contracts), and all franchises.

  • Payment intangible means a general intangible under which the account debtor's principal obligation is a monetary obligation.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • certificated share means a share which is not an uncertificated share and references in these articles to a share being held in certificated form shall be construed accordingly;

  • Physical Property has the meaning assigned to such term in the definition of “Delivery” above.

  • Payment Intangibles means all "payment intangibles" as such term is defined in the UCC, now owned or hereafter acquired by any Person, including, a General Intangible under which the Account Debtor's principal obligation is a monetary obligation.

  • Pledged Uncertificated Stock means any Stock or Stock Equivalent of any Person that is not a Pledged Certificated Stock, including all right, title and interest of any Grantor as a limited or general partner in any Partnership or as a member of any LLC and all right, title and interest of any Grantor in, to and under any Partnership Agreement or LLC Agreement to which it is a party.

  • Investment Property the collective reference to (i) all “investment property” as such term is defined in Section 9-102(a)(49) of the New York UCC (other than any Foreign Subsidiary Voting Stock excluded from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes and all Pledged Stock.

  • Direct Rights means the rights referred to in Clause 2.1 (Direct Rights - Creation);

  • General Intangible means any personal property, including things in action, other than accounts, chattel paper, commercial tort claims, deposit accounts, documents, goods, instruments, investment property, letter-of-credit rights, letters of credit, money, and oil, gas, or other minerals before extraction. The term includes payment intangibles and software.