Cryptocurrency Sale Proceeds definition

Cryptocurrency Sale Proceeds means the amount in USD obtained from the sale of units of Cryptocurrency corresponding to the Cryptocurrency Entitlement (as of the date of the Mandatory Redemption Notice), multiplied by the number of Bonds being redeemed in USD, from Deposited Cryptocurrency using one or several Cryptocurrency Auction Procedure(s). If the Auctioneer fails to complete the sale using the Cryptocurrency Auction Procedure within 90 (ninety) days, the Auctioneer shall – following instructions from the Issuer (if applicable) – arrange for the sale of units of the Cryptocurrency using any other procedure aiming to achieve the best price within a reasonable amount of time. In case the Issuer has given a Mandatory Redemption Notice, the Issuer shall no longer issue new Bonds or sell Issuer-Owned Bonds and arrange for cancellation of all Issuer-Owned Bonds. (3) Redemption at the Option of the Bondholders with Cryptocurrency Settlement. Each Bondholder may terminate in whole or in part its Bonds against payment of the Cryptocurrency Entitlement for each of the Bonds held by the Bondholders in the Cryptocurrency (the "Cryptocurrency Put Option"). In order to terminate its Bonds, the Bondholder needs to (i) submit a duly completed put option exercise notice in the form obtainable from the Website (the "Put Option Exercise Form"), specifying that Cryptocurrency Settlement shall be applicable, including any documents requested in such form fordritten Geschäftstag nach dem Ablauf eines 30- tägigen Periode, nachdem die Zwangsrückzahlungsmitteilung veröffentlicht worden ist oder (ii) für Schuldverschreibungen, die in USD zurückgezahlt werden, den dritten Geschäftstag nach erfolgreichem Abschluss des Kryptowährungs-Auktionsverfahrens oder alternative Verkaufsarrangements im Fall des Scheiterns des Verfahrens. Das Kryptowährungs- Auktionsverfahren beginnt (falls erforderlich) nach Ablauf einer 40-tägigen Periode, nachdem die Zwangsrückzahlungsmitteilung veröffentlicht worden ist.

Cryptocurrency Sale Proceeds means the amount in EUR obtained from the sale of units of Cryptocurrency corresponding to the Cryptocurrency Entitlement (as of the date of the Mandatory Redemption Notice), multiplied by the number of Bonds being redeemed in EUR, from Deposited Cryptocurrency using one or several Cryptocurrency Divestment Procedure(s). If the Divestment Agent fails to complete the sale using the Cryptocurrency Divestment Procedure within [10 (ten)@>dƔay@s, the Divestment Agent shall ±following instructions from the Issuer (if applicable) ±arrange for the sale of units of the Cryptocurrency using any other procedure aiming to achieve the best price within a reasonable amount of time.

Cryptocurrency Sale Proceeds means the amount in EUR obtained from the sale of units of Cryptocur- rency corresponding to the Cryptocurrency Entitle- ment (as of the date of the Issuer’s Call Notice), mul- tiplied by the number of Bonds being redeemed in EUR, from Deposited Cryptocurrency using one or several Cryptocurrency Divestment Procedure(s). If the Divestment Agent fails to complete the sale using the Cryptocurrency Divestment Procedure within [10 (ten)][●] days, the Divestment Agent shall – following instructions from the Issuer (if applicable) – arrange for the sale of units of the Cryptocurrency using any other procedure aiming to achieve the best price within a reasonable amount of time.Schuldverschreibungen verbundener angemessener Fremdgebühren.Damit ein Anleihegläubiger den Kryptowährungsan- spruch erhält, muss dieser Anleihegläubiger (i) ein ordnungsgemäß ausgefülltes Kündigungsrückzah- lungsformular (das über die Website der Emittentin erhältlich ist) einreichen, einschließlich sämtlicher Dokumente, die in diesem Muster für die Verifizie- rung der Identität des Anleihegläubigers verlangt wer- den und (ii) seine Schuldverschreibungen frei von Zahlung auf das Emittentenkonto übertragen.Wenn ein Anleihegläubiger (i) oder (ii) innerhalb ei- ner Frist von zwanzig Tagen nach der Veröffentli- chung der Kündigungsmitteilung nicht erfüllt, wird die Emittentin den maßgeblichen Anleihegläubiger so behandeln, als sei er aus rechtlichen oder regulatori- schen Gründen am Erhalt von Einheiten der Kryp- towährung gehindert und die maßgeblichen Schuld- verschreibungen in EUR zurückzahlen.

Examples of Cryptocurrency Sale Proceeds in a sentence

• AuctionIf a Bondholder is prevented from receiving units of the relevant Cryptocurrency or units of any or all of the underlying Cryptocurrencies comprising the Basket for legal reasons, in particular due to regulatory provisions applicable to it, the Bonds may be redeemed in USD against payment of an amount equal to the Cryptocurrency Sale Proceeds.

• Divestment ProcedureIf a Bondholder has opted for the EUR redemption, the Bonds will be redeemed in EUR against payment of an amount equal to the Cryptocurrency Sale Proceeds.

• AuctionIn relation to the Continuously Offered Bonds only, if a Bondholder is prevented from receiving units of any or all of the underlying Cryptocurrencies for legal reasons, in particular due to regulatory provisions applicable to it, the Bonds may be redeemed in EUR against payment of an amount equal to the Cryptocurrency Sale Proceeds.

• The Mandatory Redemption Price per Bond will be (i) the Cryptocurrency Entitlement; or (ii) if a Bondholder opts for redemption in EUR, the Cryptocurrency Sale Proceeds (as defined below) divided by the number of Outstanding Bonds redeemed in EUR, minus any reasonable third-party fees related to the redemption of the Bonds.

• AuctionWLRQ RIf a Bondholder is prevented from receiving units of the relevant Cryptocurrency or units of any or all of the underlying Cryptocurrencies comprising the Basket for legal reasons, in particular due to regulatory provisions applicable to it, the Bonds may be redeemed in USD against payment of an amount equal to the Cryptocurrency Sale Proceeds.