Prime Execution Agent definition

Prime Execution Agent means Coinbase, Inc., an affiliate of the Custodian and any substitute or additional prime execution agent of the Trust pursuant to a written agreement with the Trust or Administrative Trustee on behalf of the Trust.
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Prime Execution Agent means Coinbase, Inc., an affiliate of the Bitcoin Custodian.
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Prime Execution Agent means Coinbase, Inc., an affiliate of the Ether Custodian.
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Examples of Prime Execution Agent in a sentence

  • The Trust's bitcoin holdings and cash holdings from time to time may be held with the Prime Execution Agent in the Trading Account in connection with in-kind creations and redemptions of Baskets or in connection with cash creations and redemptions of Baskets where the Trust will transact in bitcoin with the Bitcoin Trading Counterparties, and the sale of bitcoin to pay the Sponsor's Fee and Trust expenses not assumed by the Sponsor.

  • Please also disclose whether the intention is to generally fund the Trading Balance at the Prime Execution Agent with sufficient cash or bitcoin or whether it regularly expects to utilize the Trade Financing 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, Bitcoin 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 up to $500,000 per annum in ordinary legal fees and expenses.

  • The Prime Execution Agent and the Trade Credit Lender The Trade Credit Lender, page 85 17.

  • Please revise to disclose: Whether the Trust's intention is to generally fund the Trading Balance at the Prime Execution Agent with sufficient cash or bitcoin or whether the Trust regularly expects to utilize the Trade Financing Agreement; and In the case of interest payable on the Trade Credits that are the responsibility of the Trust, the impact such interest payments will have on the net assets of the Trust over time.

  • 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, Bitcoin 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.

Related to Prime Execution Agent

  • Co-Documentation Agents as defined in the preamble hereto.

  • Syndication Agent as defined in the preamble hereto.

  • Co-Syndication Agents as defined in the preamble hereto.

  • Dissemination Agent means the Trustee, acting in its capacity as Dissemination Agent, or any successor Dissemination Agent designated in writing by the City and which has filed with the Trustee a written acceptance of such designation.

  • Arrangers as defined in the preamble hereto.

  • Lead Arrangers means Xxxxxxx Xxxxx Bank USA, Barclays Bank PLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., KKR Capital Markets LLC, Citigroup Global Markets Inc. and UBS Securities LLC.

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.