Vault Balance definition

Vault Balance means one or more segregated custody accounts of the Trust maintained by the Custodian to store private keys, which allow for the transfer of ownership or control of the Trust’s Ether on the Trust’s behalf.

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Vault Balance means one or more segregated custody accounts of the Trust maintained by the Custodian for the safekeeping of the Trust’s Bitcoins.

Vault Balance means one or more segregated custody accounts of the Fund maintained by the Custodian to store private keys, which allow for the transfer of ownership or control of the Fund’s digital assets on the Fund’s behalf.

Examples of Vault Balance in a sentence

• Client determines the allocation of its Client Digital Assets between the Settlement Balance and the Vault Balance.

• For the avoidance of doubt the Settlement Balance is separate from the Vault Balance and any other Digital Assets Client maintains directly with Coinbase Custody.

• Maintenance of the Vault Balance shall be subject to the terms of the Custody Agreement.

• On the date of the Redemption Order Early Cutoff, the Sponsor and/or the Trust instructs the Crypto Custodian to prepare to move the associated crypto assets from the Trust’s Vault Balance with the Crypto Custodian to the Trust’s Trading Balance.

• The Settlement Account provides a record of both the Settlement Balance and the Vault Balance.

• Once Client has initiated a Withdrawal Transfer, the associated Client Digital Assets will be in a pending state and will not be included in the Client’s Settlement Balance or Vault Balance.

More Definitions of Vault Balance

Vault Balance means one or more segregated custody accounts of the Trust maintained by the Custodian to store private keys, which (i) allow for the transfer of ownership or control of the Trust’s SUI on the Trust’s behalf, (ii) are accessible solely by the Custodian acting on the

Vault Balance means one or more segregated custody accounts of the Trust maintained by the Custodian to store private keys, which allow for the transfer of ownership or control of the Trust’s TAO on the Trust’s behalf, (ii) are accessible solely by the Custodian acting on the Trust’s behalf and (iii) permit the Trust to retain ownership of the Trust’s TAO at all times for U.S. federal income tax purposes.