Depositary Wallet definition

Depositary Wallet means a cryptocurrency wallet or wallets operated by the Depositary on behalf of the Issuer, where the assets held in such wallet are (i) segregated from the assets of any other customers of the Depositary and from any other assets of the Issuer; and (ii) are pledged as security in favour of the Bondholders pursuant to the Security Documents;
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Depositary Wallet means the accounts with the Wallet Identifier in Schedule 1 created, controlled and secured by the Depositary created in accordance with custodial services agreement between the Issuer and the Depositary dated on or about the date of this Agreement, to store the Cryptocurrency and any other supported cryptocurrency or digital asset which results from the Staking, split of or airdrop on the blockchain of the Cryptocurrency, which is made available to the Issuer, which include one or more cryptographic asset wallets that hold Digital Currency and/or Digital Assets.
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Depositary Wallet means the accounts with account identifier ETC Issuance GmbH (MTCE) created, controlled and secured by the Depositary created in accordance with custodial services agreement between the Issuer and the Depositary dated on or about the date of this Agreement, to store the Cryptocurrency and any other supported cryptocurrency or digital asset which results from the split of or airdrop on the blockchain of the Cryptocurrency, which is made available to the Issuer, which include one or more cryptographic asset wallets that hold Digital Currency and/or Digital Assets.
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Examples of Depositary Wallet in a sentence

  • The Bonds are freely transferable.The following rights are attached to the Bonds:Security: Pledge by the Issuer in favour of the Bondholders of its rights, title, interest and benefit, present and future, in, to and under the Depositary Wallet and the Deposited Cryptocurrency and pledge by the Issuer over the Issuance Account and the Issuer-owned Bonds in favour of the Bondholders (the "Security").

  • The Issuer will procure that at any given time it holds such amount of the underlying Cryptocurrency or units of the underlying Cryptocurrencies comprising the Basket on the Depositary Wallet which is equal to or exceeds the Secured Obligations Amount.

  • The Issuer is expressly permitted to transfer Deposited Cryptocurrency out of the Depositary Wallet if paragraph (a) or (b) above are satisfied.

  • Cryptocurrency received by the Issuer through the subscription of the Bonds will be transferred to the Depositary Wallet and secured by a security agreement for the benefit of the Bondholders, the Security Trustee and a bondholders' representative (if appointed).

  • The terms of the Depositary Account (Wallet) Control Agreement prevent the Issuer from transferring or disposing of any assets from the Depositary Account and / or the Depositary Wallet without consent of the Administrator, even absent an Event of Default.

  • In case of a Basket of underlying Cryptocurrencies, the units of each of the underlying Cryptocurrencies comprising Baskets will be transferred to a separate Depositary Wallet specifically operated for such Cryptocurrency.

  • The Issuer makes profit through charging subscription fees, certain redemption fees and ongoing fees corresponding to the Diminishing Entitlement Rate (as specified in the relevant Final Terms in relation to each Series of Bonds) on the Units of the underlying Cryptocurrency or the underlying Cryptocurrencies comprising the Basket received as proceeds for the subscription of the Bonds and deposited in the Depositary Wallet in relation to each Series of Bonds.

  • The Issuer shall at any given time procure that it holds such amount of the Cryptocurrency equal to or exceeding the Secured Obligations Amount on the Depositary Wallet held with the Depositary (the "Deposited Cryptocurrency").

  • The Issuer reserves the right to redact certain provisions related to the procedures of repossessing the Depositary Wallet by the Security Trustee from the copy of the Depositary Account (Wallet) Control Agreement for security reasons.

  • The Issuer makes profit through charging subscription fees, certain redemption fees and ongoing fees corresponding to the Diminishing Entitlement Rate (as specified in the relevant Final Terms in relation to each Series of Bonds) on the units of the underlying Cryptocurrencies received as proceeds for the subscription of the Bonds and deposited in the Depositary Wallet in relation to each Series of Bonds.


More Definitions of Depositary Wallet

Depositary Wallet means a cryptocurrency wallet or cryptocurrencies’ wallets operated by the Deposi- tary on behalf of the Issuer, where the assets held in such wallet are (i) segregated from the assets of any other customers of the Depositary and from any other assets of the Issuer; and (ii) are pledged as security in favour of the Bondholders pursuant to the Security Documents; "Verwahrstellen-Wallet" bezeichnet ein Kryptowäh- rungs-Wallet oder Kryptowährungs-Wallets (Konto), welche(s) von der Verwahrstelle im Namen der Emit- tentin betrieben wird(werden), wobei die in die- sem(diesen) Wallet(s) gehaltenen Vermögenswerte (i) von den Vermögenswerten anderer Kunden der Ver- wahrstelle abgegrenzt sind und (ii) als Sicherheit zu- gunsten der Anleihegläubiger gemäß den Sicherhei- tendokumenten hinterlegt sind; "Depositary Wallet Control Agreement" means the depositary wallet control agreement entered into be- tween the Issuer, the Security Trustee and the Depos- itary relating to the Depositary Wallet and the respec- tive Depositary Account; "Verwahrstellen-Wallet-Kontrollvertrag" bezeich- net den Verwahrstellen-Wallet-Kontrollvertrag, der zwischen der Emittentin, dem Sicherheiten-treuhän- der und der Verwahrstelle in Bezug auf die Verwahr- stellen-Wallet und das Verwahrstellen-Konto ge- schlossen wurde; "Deposited Cryptocurrencies" means the number of units of the Cryptocurrencies comprising the Basket held on the Depositary Wallet with the Depositary at any given time; "Hinterlegte Kryptowährungen" bezeichnet die An- zahl der Einheiten der im Korb enthaltenen Kryp- towährungen, welche bei der Verwahrstelle auf dem Verwahrstellen-Wallet zu jeder Zeit gehalten werden; "Digital Wallet" means the relevant digital cryptocur- rency wallet or wallets of each Bondholder required to receive and transfer Units of the Basket; "Digitales Wallet" bezeichnet das maßgebliche digi- tale Kryptowährungs-Wallet oder Wallets jedes An- leihegläubigers, das für den Empfang und die Übertra- gung von Einheiten des Korbs erforderlich ist; For the avoidance of doubt: Bondholders may require a separate Wallet for each of the Cryptocurrencies comprising the Basket in order to be able to receive units of such Cryptocurrency. Zur Klarstellung: Anleihegläubiger benötigen gegebe- nenfalls ein separates Wallet für jede einzelne im Korb enthaltene Kryptowährung, um Einheiten dieser Kryp- towährung empfangen zu können. "Diminishing Entitlement Rate" means the rate at which the Cryptocurrency Entitlement decay...
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Depositary Wallet means for each Specific Series, the accounts created, controlled and secured by the Depositary associated with the account identifiers (the “Depositary Wallet Identifier(s)”) specified as such and set out in the Schedule, which include one or more cryptographic asset wallets that hold the Cryptocurrency, which are subject to the security interest granted hereby, and any successor account to any such account, whether maintained by the initial Depositary or maintained by any successor Depositary.
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Depositary Wallet means the accounts created, controlled and secured by Depositary associated with the account identifier BTCETC1 including but not limited to the wallet with address 35pgGeez3ou6ofrpjt8T7bvC9t6RrUK4p6 created in accordance with custodial services agreement between the Issuer and Depositary dated 19 November 2019, to store Bitcoin and any other supported cryptocurrency or digital asset which results from the split of or airdrop on Bitcoin blockchain, which is made available to the Issuer, which include one or more cryptographic asset wallets that hold Digital Currency and/or Digital Assets.
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Depositary Wallet means the accounts with account identifier BCHETC1 created, controlled and secured by the Depositary created in accordance with custodial services agreement between the Issuer and the Depositary dated on or about the date of this Agreement, to store the Cryptocurrency and any other supported cryptocurrency or digital asset which results from the split of or airdrop on the blockchain of the Cryptocurrency, which is made available to the Issuer, which include one or more cryptographic asset wallets that hold Digital Currency and/or Digital Assets.
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Related to Depositary Wallet

  • Depositary means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in Section 2.03 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this Indenture.

  • Depositary Share means the security representing a 1/25th fractional interest in a share of Preferred Stock deposited with the Depositary hereunder and the same proportionate interest in any and all other property received by the Depositary in respect of such share of Preferred Stock and held under this Deposit Agreement, all as evidenced by the Receipts issued hereunder. Subject to the terms of this Deposit Agreement, each owner of a Depositary Share is entitled, proportionately, to all the rights, preferences and privileges of the Preferred Stock represented by such Depositary Share (including the dividend, voting, redemption and liquidation rights contained in the Certificate of Designations).

  • Depositary Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time the Depositary effects book-entry transfers and pledges of securities deposited with the Depositary.

  • Common Depositary has the meaning specified in Section 304.

  • DTC means The Depository Trust Company.

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.