Common use of Account Restriction or Closure Clause in Contracts

Account Restriction or Closure. I understand that you may, in your discretion and at any time, prohibit or restrict the trading of Cryptocurrencies in my RHC Account. I further understand that either you or I may close my RHC Account or deactivate or block access to my RHC Account at any time and for any reason. Closing an account will not affect any rights and obligations incurred prior to the date of account closure. If there is a Cryptocurrency balance remaining in my RHC Account, I hereby agree to: (a) upon your request, provide you with a Cryptocurrency address upon providing you notice of closure, or within seven calendar days of receiving written notice of closure from you, so that you can return the remaining Cryptocurrency to me; (b) permit you, at your discretion, to sell any remaining Cryptocurrency on the open market at the prevailing market price and return the proceeds (less fees, costs, expenses, charges, obligations including, but not limited to, attorney and court fees or transfer costs of funds (or Cryptocurrencies), and damages, to any valid bank account linked to my RHC Account or to any Affiliate Account(s). In the event that the costs of closing my RHC Account exceeds the value in my RHC Account, I will be responsible for reimbursing you. I will remain liable to you for all obligations incurred in my RHC Account, pursuant to this Agreement, or otherwise, whether arising before or after closure of my RHC Account or termination of this Agreement.

Appears in 3 contracts

Samples: Crypto User Agreement, Crypto User Agreement, Crypto User Agreement

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Account Restriction or Closure. I understand that you may, in your discretion and at any time, prohibit or restrict the trading of Cryptocurrencies in my RHC Account. I further understand that either you or I may close my RHC Account or deactivate or block access to my RHC Account at any time and for any reason. Closing an account will not affect any rights and obligations incurred prior to the date of account closure. If there is a Cryptocurrency balance remaining in my RHC Account, I hereby agree to: (a) upon your request, provide you with a Cryptocurrency address upon providing you notice of closure, or within seven calendar days of receiving written me notice of closure from you, so that you can return the remaining Cryptocurrency to me; (b) permit you, at your discretion, to sell any remaining Cryptocurrency on the open market at the prevailing market price and return the proceeds (less fees, costs, expenses, charges, obligations including, but not limited to, attorney and court fees or transfer costs of funds (or Cryptocurrencies), and damages, ) to any valid bank account linked to my RHC Account or to any Affiliate Account(s). In the event that the costs of closing my RHC Account exceeds the value in my RHC Account, I will be responsible for reimbursing you. I will remain liable to you for all obligations incurred in my RHC Account, pursuant to this Agreement, or otherwise, whether arising before or after closure of my RHC Account or termination of this Agreement.

Appears in 2 contracts

Samples: Crypto User Agreement, Crypto User Agreement

Account Restriction or Closure. I understand that you may, in your discretion and at any time, prohibit or restrict the trading of Cryptocurrencies in my RHC Account. I further understand that either you or I may close my RHC Account or deactivate or block access to my RHC Account at any time and for any reason. Closing an account will not affect any rights and obligations incurred prior to the date of account closure. If there is a Cryptocurrency balance remaining in my RHC Account, I hereby agree to: (a) upon your request, to provide you with a Cryptocurrency address upon providing you notice of closure, or within seven calendar days of receiving written notice of closure from you, so that you can return the remaining Cryptocurrency to me; (b) permit you. If I fail to do so, at your discretion, I hereby agree that you are permitted to sell any remaining Cryptocurrency on the open market at the prevailing market price and return the proceeds (less fees, costs, expenses, charges, obligations (including, but not limited to, attorney and court fees or transfer costs of funds (or Cryptocurrencies), and damages, ) to any valid bank account linked to my RHC Account or to any Affiliate Account(s)Account. In the event that the costs of closing my RHC Account exceeds the value in my RHC Account, I will be responsible for reimbursing you. I will remain liable to you for all obligations incurred in my RHC Account, pursuant to this Agreement, or otherwise, whether arising before or after closure of my RHC Account or termination of this Agreement.

Appears in 1 contract

Samples: Crypto User Agreement

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Account Restriction or Closure. I understand that you may, in your discretion and at any time, prohibit or restrict the trading of Cryptocurrencies in my RHC My Account. I further understand that either you or I may close my RHC My Account or deactivate or block access to my RHC My Account at any time and for any reason. Closing an account will not affect any rights and obligations incurred prior to the date of account closure. If there is a Cryptocurrency balance remaining in my RHC My Account, I hereby agree to: (a) upon your request, provide you with a Cryptocurrency address upon providing you notice of closure, or within seven calendar days of receiving written me notice of closure from you, so that you can return the remaining Cryptocurrency to me; (b) permit you, at your discretion, to sell any remaining Cryptocurrency on the open market at the prevailing market price and return the proceeds (less fees, costs, expenses, charges, obligations including, but not limited to, attorney and court fees or transfer costs of funds (or Cryptocurrencies), and damages, ) to any valid bank account linked to my RHC My Account or to any Affiliate Account(sof My Alpaca Entity account(s). In the event that the costs of closing my RHC My Account exceeds the value in my RHC My Account, I will be responsible for reimbursing you. I will remain liable to you for all obligations incurred in my RHC My Account, pursuant to this Agreement, or otherwise, whether arising before or after closure of my RHC My Account or termination of this Agreement.

Appears in 1 contract

Samples: Alpaca Crypto Customer Agreement

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