Ownership of Digital Assets Sample Clauses

Ownership of Digital Assets. As of the date of this Agreement, the Target Companies own and have the exclusive ability to control, including by use of “private keys” or other equivalent means or through custody arrangements or other equivalent means, all of the crypto-currencies, blockchain-based tokens, and other blockchain asset equivalents (collectively, “Digital Assets”) set forth on Schedule 4.24(i) of the Company Disclosure Schedules, free and clear of all Liens except for Permitted Liens; provided, however, that such ownership and exclusive ability to control Digital Assets is subject to the continued existence, validity, legality, governance and public availability of the relevant blockchains. Except as set forth on Schedule 4.24(ii) of the Company Disclosure Schedules, the Target Companies have taken no actions where any of them owns a substantial portion of all outstanding tokens in the then existing issued and circulating supply of such tokens on a blockchain to effectuate change through the governance process of that relevant blockchain that could reasonably foreseeably disrupt the continued existence, validity, legality, governance or public availability of the relevant blockchains.
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Ownership of Digital Assets. The Contribution does not entail any transfer of ownership of the Digital Assets to TERASUM. The Digital Assets that make up the Contribution, as well as the Digital Assets acquired as a result of the Management Transactions, are and remain the exclusive property of the Principal, TERASUM being only authorized to perform the management acts in accordance with Article 5 above.
Sample 1
Ownership of Digital Assets. You hereby represent and warrant to us that any Digital Assets used by you in connection with the Services are either owned by you or that you are validly authorized to carry out transactions using such Digital Assets and that all transactions initiated with your Account are for your own Account and not on behalf of any other person or entity. For the avoidance of doubt, WDGCEX does not own any Digital Assets held by Users on the platform.
Sample 1
Ownership of Digital Assets. You hereby represent and warrant to us that any Digital Asset delivered by you for the purpose of utilizing DCI0s Services is owned by you or that you are fully permitted to carry out transactions using such Digital Assets without restriction or limitation, and that your use of the Services is solely for your own account and benefit, and not on behalf of any other person or entity. You further represent and warrant that all such Digital Assets are free from any claims, indebtedness, liens, or third-party interests. ALL DIGITAL ASSETS TRANSFERRED TO DCI AS PART OF THE SERVICES ARE OWNED AND HELD BY DCI FOR ITS OWN ACCOUNT IN ACCORDANCE WITH THESE TERMS, AND UNDER NO CIRCUMSTANCES DOES DCI HOLD DIGITAL ASSETS ON YOUR BEHALF AS PART OF THE SERVICES. 9 Risk Disclosure Before using any of DCI’s Services, you should ensure that you fully understand and can afford to undertake the risks involved. You should carefully read and make sure you understand our Risk Disclosure page, which lists some, but not all of the risks involved in holding, trading and using crypto assets generally, and using DCI’s services specifically. The risks listed below and in our Risk Disclosure page are intended to provide you with a general outline of the risks involved. These Terms and your use of any of our Services do not create a fiduciary relationship between us and you; your DCI Account is not a checking or savings account. We may lend, sell, pledge, hypothecate, assign, invest, use, commingle or otherwise dispose of assets and Eligible Digital Assets to counterparties or hold the Eligible Digital Assets with counterparties, and we will use our best commercial and operational efforts to prevent losses. By lending Eligible Digital Assets to DCI or otherwise using the Services, you will not be entitled to any profits or income DCI may generate from any subsequent use of any Digital Assets (or otherwise), nor will you be exposed to any losses which DCI may suffer as a result thereof. Eligible digital assets are not legal tender. DCI is not a bank or depository institution. Eligible digital assets represented in your DCI account are not held by DCI as a custodian or fiduciary. Your DCI account does not constitute an investment contract or a security, is not transferrable and may not be traded, exchanged or sold to any third party under any circumstances. DCI does not provide any legal, tax or financial advice and you are strongly advised to obtain independent legal, tax or financial adv...
Sample 1

Related to Ownership of Digital Assets

  • Ownership of Assets The Company and its subsidiaries have good and marketable title to all property (whether real or personal) described in the Registration Statement, in the Time of Sale Disclosure Package and in the Prospectus as being owned by them, in each case free and clear of all liens, claims, security interests, other encumbrances or defects except such as are described in the Registration Statement, in the Time of Sale Disclosure Package and in the Prospectus. The property held under lease by the Company and its subsidiaries is held by them under valid, subsisting and enforceable leases with only such exceptions with respect to any particular lease as do not interfere in any material respect with the conduct of the business of the Company or its subsidiaries.

  • Ownership of Company Property The Company’s assets shall be deemed owned by the Company as an entity, and the Member shall have no ownership interest in such assets or any portion thereof. Title to any or all such Company assets may be held in the name of the Company, one or more nominees or in “street name”, as the Member may determine.