Mined Cryptocurrency definition

Mined Cryptocurrency means all Digital Assets produced by or derived from the Equipment, howsoever such process is structured or described, including Digital Assets mined, merge-mined, earned, harvested, created, manufactured, awarded, rewarded, received, airdropped, purchased, paid out or otherwise generated in connection with the Equipment, including, without limitation, any Digital Assets arising due to a Hard Fork, airdrop or otherwise. Mined Cryptocurrency includes any Digital Asset network fee amounts greater than zero that are produced by or derived from the Equipment, howsoever such fees are structured or described, including transaction fees, channel fees, validator reward fees, staking reward fees, node operator reward fees or other Digital Asset network participant fees. For purposes of Section 5 below, the term Mined Cryptocurrency shall be deemed to include Forked Assets, which will be considered proceeds of the original Mined Cryptocurrency for which they share a common public address.
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Mined Cryptocurrency means all Digital Assets produced by or derived from the Equipment, howsoever such process is structured or described, including Digital Assets mined, merge-mined, earned, harvested, created, manufactured, awarded, rewarded, received, airdropped, purchased, paid out or otherwise generated in connection with the Equipment, including, without limitation, any Digital Assets arising due to a Hard Fork, airdrop or otherwise. Mined Cryptocurrency includes any Digital Asset network fee amounts greater than zero that are produced by or derived from the Equipment, howsoever such fees are structured or described, including transaction fees, channel fees, validator reward fees, staking reward fees, node operator reward fees or other Digital Asset network participant fees. For purposes of Section 5 of this Master Agreement, the term Mined Cryptocurrency shall be deemed to include Forked Assets, which will be considered proceeds of the original Mined Cryptocurrency for which they share a common public address.
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Mined Cryptocurrency means all Digital Assets produced by, or derived from, the Borrower’s equipment, howsoever such process is structured or described, including Digital Assets mined, merge-mined, earned, harvested, created, manufactured, awarded, rewarded, received, airdropped, purchased, paid out or otherwise generated in connection with the Borrower’s equipment. Mined Cryptocurrency includes any Digital Asset network fee amounts greater than zero that are produced by, or derived from, the Borrower’s equipment, howsoever such fees are structured or described, including transaction fees, channel fees, validator reward fees, staking reward fees, node operator reward fees or other Digital Asset network participant fees.
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Examples of Mined Cryptocurrency in a sentence

  • Non- Mined Cryptocurrency, Explained in Plain English.” The Motley Fool.

  • For the avoidance of doubt, the Borrower may sell, trade, pledge, hypothecate and otherwise dispose of any of its assets other than the Collateral, including, without limitation, all Unencumbered Mined Cryptocurrency, in the ordinary course of its business and consistent with past business practices, and none of the Collateral Agent, any Lender, the Servicer or any of their respective Affiliates shall have any right, title or interest in, to or under any such assets or any proceeds or derivatives thereof.

  • Unless a Minimum Reserve Shortfall, a Default or an Event of Default is existing and continuing, and subject to Section 3(k) above and Section 8(d) below, the Borrower may sell, trade and otherwise dispose of any Mined Cryptocurrency from the Equipment in the ordinary course, on arms-length terms and for an amount in Dollars not less than the prevailing market rate for such Mined Cryptocurrency as of the applicable date.

  • The Borrower shall (both before and after an Event of Default, subject only to the Collateral Agent’s ability to designate an alternative account or wallet for Digital Assets) immediately deposit or cause to be deposited all Mined Cryptocurrency into the applicable ACA Wallet.

  • Subject to Section 3(l)(ii) and (iv) above, all Mined Cryptocurrency (other than Unencumbered Mined Cryptocurrency), shall at all times be kept stored in an ACA Wallet, or in such other accounts or wallets as the Collateral Agent may consent to from time to time (in the Collateral Agent’s sole and absolute discretion).

  • The Borrower shall (and shall cause its Subsidiaries and Affiliates to) cause all assets to be credited to an ACA Wallet or, in the case of Default Period Mined Cryptocurrency, as otherwise directed by the Collateral Agent from time to time.

  • Unless otherwise agreed by the Servicer, acting at the direction of the Lenders, the Equipment shall only be used to mine Bitcoin and Mined Cryptocurrency for the account of the Borrower.

  • If any Mined Cryptocurrency is not deposited into an ACA Wallet for any reason, the Borrower (or any of its applicable Subsidiaries or Affiliates) shall segregate and hold in trust on behalf of the Collateral Agent such Mined Cryptocurrency, and shall deposit such Mined Cryptocurrency into an ACA Wallet or otherwise deliver them to the Collateral Agent as promptly as possible and in a manner reasonably acceptable to the Collateral Agent.


More Definitions of Mined Cryptocurrency

Mined Cryptocurrency means all Digital Assets produced by or derived from the Equipment and possessed or controlled by the Borrower, howsoever such process is structured or described, including Digital Assets mined, merge-mined, earned, harvested, created, manufactured, awarded, rewarded, received, airdropped, purchased, paid out or otherwise generated in connection with the Equipment and possessed or controlled by the Borrower, and, solely to the extent Borrower continues to possess or control the same, any Digital Assets generated by hashpower sold under a Hashpower Agreement. Mined Cryptocurrency includes any Digital Asset network fee amounts greater than zero that are produced by or derived from the Equipment and possessed or controlled by the Borrower, howsoever such fees are structured or described, including transaction fees, channel fees, validator reward fees, staking reward fees, node operator reward fees or other Digital Asset network participant fees.
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Mined Cryptocurrency means all Digital Assets produced by or derived from the Equipment and possessed or controlled by the Borrower, howsoever such process is structured or described, including Digital Assets mined, merge-mined, earned, harvested, created, manufactured, awarded, rewarded, received, airdropped, purchased, paid out or otherwise generated in connection with the Equipment and possessed or controlled by the Borrower, and, solely to the extent Borrower continues to possess or control the same, any Digital Assets generated by hashpower sold under a Hashpower Agreement. Mined Cryptocurrency includes any Digital Asset network fee amounts greater than zero that are produced by or derived from the Equipment and possessed or controlled by the Borrower, howsoever such fees are structured or described, including transaction fees, channel fees, validator reward fees, staking reward fees, node operator reward fees or other Digital Asset network participant fees.
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Related to Mined Cryptocurrency

  • Agreed Foreign Currency means, at any time, (i) any of Canadian Dollars, English Pounds Sterling, Euros, Japanese Yen, Australian Dollars, Swiss Franc, Swedish Krona and New Zealand Dollars, and (ii) with the agreement of each Multicurrency Lender, any other Foreign Currency, so long as, in respect of any such specified Foreign Currency or other Foreign Currency, at such time (a) such Foreign Currency is dealt with in the London interbank deposit market, (b) such Foreign Currency is freely transferable and convertible into Dollars in the London foreign exchange market or the relevant local market, if applicable, and (c) no central bank or other governmental authorization in the country of issue of such Foreign Currency (including, in the case of the Euro, any authorization by the European Central Bank) is required to permit use of such Foreign Currency by any Multicurrency Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

  • Currency means Dollars or any Foreign Currency.

  • Cabinet x-ray system means an x-ray system with the x-ray tube installed in an enclosure independent of existing architectural structures except the floor on which it may be placed. The cabinet x-ray system is intended to contain at least that portion of a material being irradiated, provide radiation attenuation, and exclude personnel from its interior during generation of radiation. Included are all x-ray systems designed primarily for the inspection of carry-on baggage at airline, railroad, and bus terminals, and in similar facilities. An x-ray tube used within a shielded part of a building, or x-ray equipment that may temporarily or occasionally incorporate portable shielding, is not considered a cabinet x-ray system.

  • Foreign Currency means any currency other than the currency of Kenya;

  • Carbon dioxide equivalent or “CO2 equivalent” or “CO2e” means the number of metric tons of CO2 emissions with the same global warming potential as one metric ton of another greenhouse gas. Global warming potential values shall be determined consistent with the definition of Carbon Dioxide Equivalent in MRR section 95102(a).

  • Available Currency means Dollars.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.07.