Custodian Account definition

Custodian Account means an account subject to a Custodian Agreement.

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Custodian Account means, in relation to a Series of Securities, the account designated as the Custodian Account in the Issue Terms.

Custodian Account has the meaning given to such term in Clause 3 of the Custody Terms.

Examples of Custodian Account in a sentence

If upon the sixtieth (60th) day of such funds first being deposited into escrow the Custodian Account has not been established or for any reason cannot accept the Cryptocurrency Funds, the Cryptocurrency Funds shall be returned to the Investor from escrow.
Upon the occurrence of an Event of Default (as Defined in the Note) the Investor may instruct the Custodian of the Custodian Account to liquidate the assets held in the Custodian Account and to pay the Holder of the Note from the proceeds from such liquidation to repay any amounts of principal, accrued and unpaid interest, and/or default penalties due and owing under this Note.
In the event the Custodian Account has not been established at the time of the First Pre-Advance Closing, which shall include the full execution of the Control Agreement (as defined below), the Cryptocurrency Funds (as defined below) shall be held in escrow for a period of up to sixty (60) days.
At each Pre-Advance Closing the Investor shall advance to the Company the amount of such Pre-Paid Advance, in immediately available funds into the Custodian Account (defined below), and the Company shall deliver the Promissory Note with a principal amount equal $14,375,000, reflecting an original issue discount of 20%, duly executed on behalf of the Company.
The Initial Cryptocurrency shall be held in a blocked account and the Parties shall enter into a Deposit Account Control Agreement (the “Control Agreement”), in the form annexed hereto as Exhibit E, in favor of, and granting control over such Custodian Account to, the Investor.

More Definitions of Custodian Account

Custodian Account has the meaning assigned to such term in Section 8.04.

Custodian Account means, an Eligible Account designated as the “Custodian Account” established and maintained by the Custodian at the Account Bank pursuant to the Indenture and the Account Control Agreement in the name of the Trust, subject to the lien of the Indenture Trustee, for the benefit of the Secured Parties, in each case as their interests may appear.

Custodian Account means an account subject to a Custody Agreement.

Custodian Account means an account subject to a Custodial and Account Control Agreement.

Custodian Account means an Account for a minor es- tablished pursuant to a state Gift to Minors Act or Transfer to Minors Act.

Custodian Account means the custodian account identified on Exhibit 1 hereto as relating to a particular Sub-account which Customer maintains with Custodian (or any successor custodian account thereto of which PFPC is informed in writing by Custodian);

Custodian Account means an account subject to a Custodian Agreement. “Custodian Agreement” means a control agreement entered into by and among an Obligor, the Collateral Agent and a Custodian, in form and substance acceptable to the Collateral Agent. “Daily Compounded ▇▇▇▇▇” means for any day (a “▇▇▇▇▇ Rate Day”) a rate per annum equal to the sum of (a) ▇▇▇▇▇ for the day (such day “i”) that is five (5) Business Days prior to (i) if such ▇▇▇▇▇ Rate Day is a Business Day, such ▇▇▇▇▇ Rate Day or (ii) if such ▇▇▇▇▇ Rate Day is not a Business Day, the Business Day immediately preceding such ▇▇▇▇▇ Rate Day, in each case, as such ▇▇▇▇▇ is published by the ▇▇▇▇▇ Administrator on the ▇▇▇▇▇ Administrator’s Website (the “Daily Compounded ▇▇▇▇▇ Screen Rate”), plus (b) the ▇▇▇▇▇ Adjustment; provided that if Daily Compounded ▇▇▇▇▇ as so determined shall ever be less than the Floor, then Daily Compounded ▇▇▇▇▇ shall be deemed to be the Floor. If by 1:00 p.m. (Toronto time) on the second (2nd) Business Day immediately following any day “i”, the ▇▇▇▇▇ in respect of such day “i” has not been published on the ▇▇▇▇▇ Administrator’s Website and a replacement of Daily Compounded ▇▇▇▇▇ has not occurred pursuant to Section 2.11(c)(i), then the ▇▇▇▇▇ for such day “i” will be the ▇▇▇▇▇ as published in respect of the first preceding Business Day for which such ▇▇▇▇▇ was published on the ▇▇▇▇▇ Administrator’s Website; provided that any CORRA determined pursuant to this sentence shall be utilized for purposes of calculation of Daily Compounded ▇▇▇▇▇ for no more than three (3) consecutive ▇▇▇▇▇ Rate Days. Any change in Daily Compounded ▇▇▇▇▇ due to a change in CORRA shall be effective from and including the effective date of such change in CORRA without notice to the Borrower. “Daily Compounded ▇▇▇▇▇ Loan” means a Loan that bears interest at a rate based on Daily Compounded ▇▇▇▇▇, other than pursuant to clause (b) of the definition of “Canadian Prime Rate”. “Daily Compounded ▇▇▇▇▇ Screen Rate” has the meaning specified in the definition of “Daily Compounded ▇▇▇▇▇”. “Daily Compounded SOFR” means, for any day (a “SOFR Rate Day”), a rate per annum equal to the sum of (a) SOFR for the day (such day “i”) that is five (5) U.S. Government Securities Business Days prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a U.S. Government 14