Authorized Participants. Subject to any legal and regulatory requirements, in order to support Client’s ordinary course of deposits and withdrawals, which involves, or will in the future involve, deposits from and withdrawals to Digital Asset accounts owned by a person that is an “Authorized Participant” of the Grayscale Investment Product within the meaning of an authorized participant agreement between such person and the Grayscale Investment Product (each a “Client Authorized Participant”), Trust Company will use commercially reasonable efforts to cooperate with Client to design and put in place via the Custodial Services a secure procedure to allow Client Authorized Participants to receive a Digital Asset address for deposits by such Client Authorized Participants, and to initiate withdrawals to Digital Asset addresses controlled by such Client Authorized Participants.
Authorized Participants. As used herein, “Authorized Participant” means an individual who both, at the time of taking any Training Course or Certification Exam, (a) is employed, or engaged as a contractor, by Client and (b) maintains a valid email address under the Client’s corporate domain names that are specified in the corresponding Purchase Form; and (c) for per-seat T&C Engagements, has been allocated a license seat for that T&C Engagement pursuant to the applicable Purchase Form. License seats for T&C Engagements may not be reused or transferred from one individual to another without the written permission of Provider. Client shall not permit any individual who is not an Authorized Participant to access the Training Courses or Certification Exams or their related Materials, as defined below. As part of the registration for Training Courses and Certification Exams, Authorized Participants may be required to (a) use Provider’s online registration system for signing up, using the coupon codes provided or otherwise, and to create a Linux Foundation ID (LFID); and (b) accept Provider’s privacy policy and terms and conditions for the applicable Training Course or Certification Exam. Client shall be responsible for the acts and omissions of its Authorized Participants with regards to their conduct in the Engagements, and their use of the provided content of any Training Courses and Certification Exams, including any such written, printed, electronic, audio, or video content (collectively, “Materials”).
Authorized Participants. Subject to any legal and regulatory requirements, in order to support Client’s ordinary course of deposits and withdrawals, which involves, or will in the future involve, deposits from and withdrawals to Digital Asset accounts owned by a person that is an “Authorized Participant” of the Grayscale Investment Product within the meaning of an authorized participant agreement between such person and the Grayscale Investment Product (each a “Client Authorized Participant”), Trust Company will use commercially reasonable efforts to cooperate with Client to design and put in place via the Custodial Services a secure procedure to allow Client Authorized Participants to receive a Digital Asset address for deposits by such Client Authorized Participants, and to initiate withdrawals to Digital Asset addresses controlled by such Client Authorized Participants. Certain confidential information contained in this document, marked by [**], has been omitted because Grayscale Bitcoin Trust (BTC) has determined that the information (i) is not material and (ii) would likely cause competitive harm to Grayscale Bitcoin Trust (BTC) if publicly disclosed. BIT-12 Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83
Authorized Participants. As used herein, “Authorized Participant” means an individual who both, at the time of taking any Training Course or Certification Exam, (a) is employed, or engaged as a contractor, by Client and (b) maintains a valid email address under the Client’s corporate domain names that are specified in the corresponding Purchase Form. Provider shall not permit any individual who is not an Authorized Participant to access the Training Courses or Certification Exams or their related Materials, as defined below. As part of the registration for Training Courses and Certification Exams, Authorized Participants may be required to (a) use Provider’s online registration system for signing up, using the coupon codes provided or otherwise, and to create a Linux Foundation ID (LFID); and (b) accept Provider’s privacy policy and terms and conditions for the applicable Training Course or Certification Exam. Client shall be responsible for the acts and omissions of its Authorized Participants with regards to their conduct in the Engagements, and their use of the provided content of any Training Courses and Certification Exams, including any such written, printed, electronic, audio, or video content (collectively, “Materials”).
