Ether Custodian definition

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.
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.
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.

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”).


More Definitions of Ether Custodian

Ether Custodian shall have the meaning ascribed to it in the Procedures.

Related to Ether Custodian

  • Sub-Custodian means and include (i) any branch of a “U.S. bank,” as that term is defined in Rule 17f-5 under the 1940 Act, and (ii) any “Eligible Foreign Custodian” having a contract with the Custodian which the Custodian has determined will provide reasonable care of assets of the Fund based on the standards specified in Section 3.3 below. Such contract shall be in writing and shall include provisions that provide: (i) for indemnification or insurance arrangements (or any combination of the foregoing) such that the Fund will be adequately protected against the risk of loss of assets held in accordance with such contract; (ii) that the Foreign Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Sub-Custodian or its creditors except a claim of payment for their safe custody or administration, in the case of cash deposits, liens or rights in favor of creditors of the Sub-Custodian arising under bankruptcy, insolvency, or similar laws; (iii) that beneficial ownership for the Foreign Securities will be freely transferable without the payment of money or value other than for safe custody or administration; (iv) that adequate records will be maintained identifying the assets as belonging to the Fund or as being held by a third party for the benefit of the Fund; (v) that the Fund’s independent public accountants will be given access to those records or confirmation of the contents of those records; and (vi) that the Fund will receive periodic reports with respect to the safekeeping of the Fund’s assets, including, but not limited to, notification of any transfer to or from a Fund's account or a third party account containing assets held for the benefit of the Fund. Such contract may contain, in lieu of any or all of the provisions specified in (i)-(vi) above, such other provisions that the Custodian determines will provide, in their entirety, the same or a greater level of care and protection for Fund assets as the specified provisions.

  • DTC Custodian means the custodian of the DTC Notes on behalf of DTC, which initially shall be the Global Agent.

  • Repo Custodian shall have the meaning set forth in the preamble of this Agreement.

  • Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • Primary Custodian the meaning set forth in Rule 17f-7(b)(2).

  • Indian custodian means any Indian person who has legal custody of an Indian child under tribal law or custom or under State law or to whom temporary physical care, custody, and control has been transferred by the parent of such child;

  • Legal custodian means an individual who is at least 18 years of age in whose care a minor child remains or is placed after a court makes a finding under section 13a(5) of chapter XIIA of the probate code of 1939, 1939 PA 288, MCL 712A.13a.

  • Document Custodian means the Custodian when acting in the role of a document custodian hereunder.

  • ADS Custodian means the person then acting as custodian under the Deposit Agreement. The ADS Custodian as of the Issue Date is The Bank of New York Mellon.

  • Collateral Custodian means Xxxxx Fargo, not in its individual capacity, but solely as collateral custodian pursuant to the terms of this Agreement.

  • Foreign Custodian means a bank or other financial institution (other than a Foreign Depository) located outside the U.S. which is utilized by the Custodian, in connection with the purchase, sale or custody of Securities or cash hereunder and is identified to the Fund from time to time by the Custodian.

  • Special Sub-Custodian Each such duly appointed Special Sub-Custodian shall be listed on Schedule D hereto, as it may be amended from time to time by a Fund, with the acknowledgment of the Custodian. In connection with the appointment of any Special Sub-Custodian, and in accordance with Special Instructions, the Custodian shall enter into a sub-custodian agreement with the Fund and the Special Sub-Custodian in form and substance approved by such Fund, provided that such agreement shall in all events comply with the provisions of the 1940 Act and the rules and regulations thereunder and the terms and provisions of this Agreement.

  • Note Custodian means the Trustee, as custodian with respect to the Notes in global form, or any successor entity thereto.

  • Independent Custodian means Deutsche Bank AG, London Branch.

  • Securities Custodian means the custodian with respect to a Global Security (as appointed by the Depository), or any successor Person thereto and shall initially be the Trustee.

  • Custodial Agent means the Person who is then the Custodial Agent thereunder.

  • Security Custodian means, with respect to Securities of a series issued in global form, the Trustee for Securities of such series, as custodian with respect to the Securities of such series, or any successor entity thereto.

  • Bankruptcy Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • Certificate Custodian Initially, First Union National Bank; thereafter any other Certificate Custodian acceptable to The Depository Trust Company and selected by the Trustee.

  • Foreign Custody Manager has the meaning set forth in section (a)(3) of Rule 17f-5.

  • Billing agent means a telephone utility that includes in a bill it sends to a customer a charge for a product or service offered by a service provider.[PL 1999, c. 59, §1 (NEW); PL 1999, c. 59, §3 (AFF).]

  • Notes Custodian means the custodian with respect to a Global Note (as appointed by the Depository), or any successor Person thereto and shall initially be the Trustee.

  • Custodial Services means the safekeeping and management of an

  • Book-Entry Custodian The custodian appointed pursuant to Section 5.01.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Certificate Administrator means the certificate administrator appointed as provided in the Lead Securitization Servicing Agreement.