Purchased Tokens definition
Examples of Purchased Tokens in a sentence
All Purchased Tokens shall be (x) deposited by the Company with the Custodian in the Blocked Custodial Account (as defined in the Security Agreement) and (y) Staked in accordance with the terms of the Security Agreement.
The foregoing right shall be called the “Investor Withdrawal Right” and the Purchased Tokens subject to the Investor Withdrawal Right shall constitute the “Investor Withdrawn Crypto”.
If the HYPE Custody Event Date fails to occur on or prior to the date which is three (3) months following the Initial Closing Date, Grantors shall cause all HYPE Purchased Tokens to be converted to SOL and deposited into a Blocked Custodial Account.
The foregoing limitation on the aggregate value of HYPE shall not apply to any HYPE following the HYPE Custody Event Date, so long as all Purchased Tokens comprised of HYPE are maintained in a Blocked Custodial Account.