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):CE = ICE x (1-DER)nWhere:
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Cryptocurrency Entitlement means the sum of individual "Single Cryptocurrency Entitlements" in respect of each particular Cryptocurrency comprising the Basket per Bond.
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Examples of Cryptocurrency Entitlement in a sentence

  • The Bonds will be delivered via book-entry through the clearing system and its account holding banks.In the secondary market Bonds can be purchased exclusively with fiat.Method of determination of the Issue Price: The issue price for Authorised Participants is equal to the Cryptocurrency Entitlement plus a subscription fee.

  • However, each Bondholder may terminate his Bonds against payment of the Cryptocurrency Entitlement (or against payment of USD if a Bondholder is prevented from receiving the Cryptocurrency due to legal or regulatory reasons).

  • If a Bondholder exercises his Put Option vis-á-vis the Issuer or vis-á-vis an Authorised Participant an exercise fee in addition to the Upfront Redemption Fee (where applicable) in an amount equal to 1.00 percent of the Cryptocurrency Entitlement for each Bond in relation to which the Put Option is exercised will be charged (the "Exercise Fee").

  • If a Split occurs and leads to the creation of two or more cryptocurrencies, each Bond shall thereafter represent a claim on a group of post-Split cryptocurrencies that corresponds to such Cryptocurrency Entitlement as each Bond represented before the Split.

  • If a Bondholder decides to demand redemption directly from the Issuer and, irrespective of whether the repayment is made in the relevant Cryptocurrency or units of the underlying Cryptocurrencies comprising the Basket or in USD, the Issuer may charge a fee of up to 1.00 percent of the Cryptocurrency Entitlement (as specified in the relevant Final Terms) for each Bond in relation to which the Put Option is exercised (lower fees apply for redemptions by the Bondholders who are Authorised Participants).


More Definitions of Cryptocurrency Entitlement

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][ the sum of all Single Cryptocurrency Entitlements as defined in the formulas contained in Annex A];
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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): CE = ICE x (1-DER)^n Where:
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Cryptocurrency Entitlement means, as at any Business Day, the Bondholder's claim against the Issuer in respect of each Bond, expressed as the amount of BTC per Bond, and calculated by the Issuer in its sole discretion in accordance with the following formula (as further described in the Terms and Conditions):
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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).
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Cryptocurrency Entitlement means, as of any Business Day, the Bondholder’s claim against the Issuer in respect of each Bond, expressed as the amount of BTC per Bond, and calculated by the Issuer in its sole discretion in accordance with the following formula:CE = ICE x (1-DER)nWhere:
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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:CE = ICE x (1-DER)^nWhere:
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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
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