Ether Custodian definition

Ether Custodian means Coinbase Custody Trust Company, LLC and any substitute or additional custodian of the Trust's ether pursuant to a written agreement with the Trust or Administrative Trustee on behalf of the Trust.
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Ether Custodian shall have the meaning ascribed to it in the Procedures.
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Ether Custodian means the Initial Ether Custodian and any substitute or additional custodian of the Trust’s ether pursuant to a written agreement with the Trust or Sponsor on behalf of the Trust.
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Examples of Ether Custodian in a sentence

  • The expense and risk of delivery and ownership of ether until such ether has been received by the Ether Custodian on behalf of the Trust shall be borne solely by the Authorized Participant unless otherwise described in the Authorized Participant Agreement.

  • 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.

  • By placing a purchase order, an Authorized Participant agrees to deposit ether with the Ether Custodian or an equivalent amount of cash with the Cash Custodian.

  • Prior to the delivery of baskets for a Purchase Order, the Authorized Participant must have wired to the Ether Custodian or the Cash Custodian (as the case may be) the nonrefundable transaction fee, if applicable, due for the Purchase Order.

  • An Authorized Participant who places a Purchase Order is responsible for transferring to the Trust’s account with the Ether Custodian the required amount of ether, or the equivalent cash amount with the Cash Custodian, by no later than 3:00 pm New York Time on the Business Day following the Purchase Order Date, or at such later time as may be agreed upon by the Sponsor and the Authorized Participant.

  • None of the Sponsor, the Person authorized to take Purchase Orders in the manner provided in the Authorized Participant Agreement, or the Ether Custodian shall be liable for the rejection of any Purchase Order or Creation Basket Deposit.

  • In addition, if a successor or alternative to the Ether Custodian shall be employed, the Trust and the Sponsor shall establish procedures acceptable to such successor with respect to the matters addressed in this Article III.

  • None of the Sponsor, the person authorized to take Redemption Orders in the manner provided in the Authorized Participant Agreement, the Ether Custodian or the Cash Custodian will be liable to any person or in any way for any loss or damages that may result from any such suspension or postponement.

  • 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.


More Definitions of Ether Custodian

Ether Custodian means any Person from time to time engaged to provide custodian, security or related services to the Trust’s ether and cash assets pursuant to authority delegated by the Sponsor.
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Ether Custodian means an entity designated to act as custodian of the Trust’s ether pursuant to a written agreement with the Trust or Sponsor on behalf of the Trust.
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Related to Ether Custodian

  • Person means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Affiliate of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Board means the Board of Directors of the Company.