Cryptocurrency Entitlement definition

Cryptocurrency Entitlement means, as of any Business Day, the Bondholder’s claim against the Issuer in respect of each Bond, expressed as the number of the units of the Cryptocurrency per Bond, and calculated by the Issuer in its sole discretion in accordance with the following formula:

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Cryptocurrency Entitlement means, as at any Business Day, a Bondholder’s claim against the Issuer in respect of each Bond, expressed as the number of units of the underlying Cryptocurrencies per Bond, and calculated by the Issuer in its sole discretion in accordance with the following formula (as further described in the Terms and Condi- tions):

Cryptocurrency Entitlement means, as of any Business Day, the Bondholder’s claim against the Issuer in respect of each Bond, expressed as the number of the units of the Cryptocurrency per Bond, as calculated by the Issuer in its reasonable discretion and in accordance with general market practice, in accordance with the formulas contained in Annex A;

Examples of Cryptocurrency Entitlement in a sentence

If the Bonds are redeemed in Euro, the redemption amount will be equal to the proceeds of sale of the Cryptocurrency Entitlement using the Cryptocurrency Divestment Procedure as set out in the conditions applicable to each issue of Bonds (each a “Series of Bonds”) as set out in the Base Prospectus and as completed by the relevant Final Terms (as defined below).
If the Bonds are redeemed in Euro, the redemption amount will be equal to the proceeds of sale of the Cryptocurrency Entitlement using the Cryptocurrency Divestment Procedure as set out in the conditions applicable to each issue of Bonds (each a "Series of Bonds") as set out in the Base Prospectus and as completed by the relevant Final Terms (as defined below).
However, each holder of a Bond (the “Bondholder”) may terminate its Bonds against payment of the Cryptocurrency Entitlement (as defined below) or against payment of Euro.
However, each holder of a Bond (the “Bondholder”) may terminate its Bonds against payment of the Cryptocurrency Entitlement (as defined below) or against payment of Euro, if a Bondholder is prevented to receive the relevant underlying Cryptocurrency or any or all of the underlying Cryptocurrencies comprising the Basket due to legal or regulatory reasons.

More Definitions of Cryptocurrency Entitlement

Cryptocurrency Entitlement means the sum of individual "Single Cryptocurrency Entitlements" in respect of each particular Cryptocurrency comprising the Basket per Bond.

Cryptocurrency Entitlement means, as of any Business Day, the Bondholder’s claim against the Issuer in respect of each Bond, expressed as the number of the units of the particular Cryptocurrency comprising the Bond.

Cryptocurrency Entitlement means, as at any Business Day, a Noteholder’s claim against the Issuer in respect of each Notes, expressed as the number of units of the Cryptocurrency or Units of the Basket per Notes, and calculated by the Issuer in its sole discretion in accordance with the following formula (as further described in the Terms and Conditions):

Cryptocurrency Entitlement means, as at any Business Day, the Bondholder’s claim against the Issuer in respect of each Bond, expressed as the number of the units of the Cryptocurrency or Cryptocurrencies comprising the Basket, as the case may be, per Bond, and calculated by the Issuer in its sole discretion in accordance with the formula pursuant to § 1(8) of the Terms and Conditions (as defined below).

Cryptocurrency Entitlement means, as at any Business Day, a Noteholder's claim against the Issuer for delivery of a number of APE units per Note (minus fees) as calculated by the Issuer in its sole discretion in accordance with the following formula:

Cryptocurrency Entitlement means, as at any Business Day, a %RQGKROGHU¶V FOD the Issuer in respect of each Bond, expressed as the number of units of the Cryptocurrency or