Examples of Ether Custodian in a sentence
The Sponsor, the Administrative Trustee and the Trust shall have no liability for any loss of ether occurring prior to the Delivery of ether to the Ether Custodian or Prime Execution Agent, as applicable, by the Authorized Participant (and for the avoidance of doubt, shall have no liability for any loss of ether while held by the Ether Custodian or Prime Execution Agent absent gross negligence or bad faith by the Sponsor and the Administrative Trustee).
The Sponsor has agreed to assume and pay the normal operating expenses of the Trust, which include the Trustee’s monthly fee and out-of-pocket expenses, the fees of the Trust’s regular service providers (Cash Custodian, Ether Custodian, Prime Execution Agent, Marketing Agent, Transfer Agent and Administrator), Exchange listing fees, tax reporting fees, SEC registration fees, printing and mailing costs, audit fees and ordinary legal expenses.
The Sponsor, the Administrative Trustee and the Trust shall have no liability for any loss of ether occurring after the Delivery of ether by the Ether Custodian or the Prime Execution Agent, as applicable, to the Authorized Participant or the Ether Trading Counterparty, as applicable (and for the avoidance of doubt, shall have no liability for any loss of ether while held by the Ether Custodian or Prime Execution Agent absent gross negligence or bad faith by the Sponsor and the Administrative Trustee).
None of the Sponsor, the Transfer Agent, the Person authorized to take Purchase Orders in the manner provided in the Authorized Participant Agreement, the Ether Custodian, or the cash custodian shall be liable for the rejection of any Purchase Order or Creation Basket Deposit.
The phone lines used by the Administrative Trustee, the Ether Custodian and the Cash Custodian or their affiliated persons may be recorded, and the Authorized Participant hereby consents to the recording of all calls with any of those parties.
We then consider the kind of systems change that this approach involves, and what questions one should address in assessing whether LEAP is supporting the kind of systems change required to achieve its goals.
Notwithstanding any of the foregoing, the Ether Custodian may accept delivery of ether by such other means as the Sponsor, from time to time, may determine to be acceptable for the Trust.
If as a result of the hard fork the Trust ends up holding the original ether and the new alternative forked asset, the Trust shall as soon as possible direct the Ether Custodian to distribute the new alternative forked asset in-kind to the Sponsor, as agent for the Shareholders of the Trust, and the Sponsor shall arrange to sell the new alternative forked asset and distribute the proceeds to the Registered Owners.
The Trust shall instruct the Cash Custodian to transfer the cash proceeds to the Trust’s Fiat Account in connection with the Clearing Services (as defined in the Registration Statement) at the Ether Custodian, who provides the Trust with Clearing Services (as defined in the Registration Statement).
Coinbase Custody Trust Company, LLC (the “Ether Custodian”), is the custodian for the Trust’s ether holdings; and another entity will be the custodian for the Trust’s cash holdings (the “Cash Custodian” and together with the Ether Custodian, the “Custodians”) and the administrator of the Trust (the “Trust Administrator”).