Examples of Deposited Cryptocurrency 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 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").
Pursuant to the Cryptocurrency Security Agreement, the Issuer grants a security interest in the Deposited Cryptocurrency and any other assets held in the Depositary Wallet and the associated account of the Issuer maintained by the Depositary in relation to each Series of Bonds for the benefit of the Bondholders, the Security Trustee itself and the Bondholders’ Representative (if appointed).
Als fortwährende Sicherheit für die Zahlung und Erfüllung der Verpflichtungen gegenüber den Anleihegläubigern aus den Schuldverschreibungen verpfändet die Emittentin (i) sämtliche ihrer gegenwärtigen und zukünftigen Rechte, Titel, Anteile und Nutzen an, zum und aus dem Verwahrstellen-Wallet undDepositary Wallet and the Deposited Cryptocurrency and (ii) all of its rights, title, interest and benefit, present and future, in, to and from the Issuance Account and Issuer-Owned Bonds (the "Security").
This means that even if they still have a job and are earning the same income as before, they will reduce their spending because they perceive that the probability that they will lose their job has gone up.
Following such thirty-day period, provided the Notice of Exclusive Control has not been rescinded by the Security Trustee upon direction by the Bondholders’ Representative, the Security Trustee has the right to withdraw and dispose of the Deposited Cryptocurrency and any other assets held in the Depositary Wallet and the Depositary Account for the purpose of paying the Secured Obligations.