Ownership of Digital Assets Sample Clauses

The 'Ownership of Digital Assets' clause establishes which party holds legal rights to digital assets created, acquired, or used under the agreement. It typically specifies whether digital files, software, data, or intellectual property developed during the course of a project belong to the client, the service provider, or are shared between them. This clause ensures clarity over asset control, preventing disputes by clearly defining who can use, modify, or transfer these digital assets after the agreement ends.
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Ownership of Digital Assets. Public Figure hereby acknowledges and agrees that Public Figure has no rights to (i) ownership of any of the Digital Assets; (ii) make or assert any claim with respect to the ownership of any Digital Assets or Products; (iii) use any Digital Assets; or (iv) authorize any third party to use any Digital Assets.
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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 Purchaser, its Subsidiaries and/or Atlas 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 applicable to the business of the Purchaser and its Subsidiaries (collectively, the “Purchaser Digital Assets”) set forth on Section 5.23(a) of the Purchaser Disclosure Schedule, free and clear of all Encumbrances except for Permitted Encumbrances; provided, however, that such ownership and exclusive ability to control the Purchaser Digital Assets is subject to the continued existence, validity, legality, governance and public availability of the relevant blockchains. Except as set forth on Section 5.23(b) of the Purchaser Disclosure Schedule, neither the Purchaser nor any of its Subsidiaries have taken any 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.
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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.
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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. 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 advice prior to makin...
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Related to Ownership of Digital Assets

  • Ownership of Equipment Any equipment purchased by or furnished to the Grantee by the State under this grant agreement is provided on a loan basis only and remains the property of the State.

  • Ownership of the Property (a) The parties hereto intend that (i) for financial accounting purposes with respect to the Lessee, the Lessor Trust will be treated as the owner and lessor of an undivided interest in each Property and the Lessee will be treated as the lessee of the Property leased by it hereunder and (ii) for federal and all state and local income tax purposes, state real estate and commercial law and bankruptcy purposes, (A) the Lease will be treated as a financing arrangement, (B) the Certificate Holders and the Lenders will be deemed lenders making loans to the Lessee in an amount equal to the sum of the Certificate Holder Amounts and the outstanding principal amount of the Loans, which loans are secured by the Property and (C) the Lessee will be treated as the owner of each Property and will be entitled to all tax benefits ordinarily available to an owner of properties like each Property for such tax purposes. Nevertheless, the Lessee acknowledges and agrees that none of the Administrative Agent, the Agent Certificate Holder, the Arranger or any Participant has made any representations or warranties to the Lessee concerning the tax, accounting or legal characteristics of the Operative Documents and that the Lessee has obtained and relied upon such tax, accounting and legal advice concerning the Operative Documents as it deems appropriate. The parties hereto will not take any position inconsistent with the intentions expressed herein. (b) It is the intent of the parties hereto that this Lease grants a security interest and mortgage, as the case may be, on each Property to the Lessor Trust for the benefit of the Agent Certificate Holder, and the other Participants to secure the performance of the Lessee under and payment of all amounts under the Lease and the other Operative Documents all as more specifically set forth in Section 5 of each Lease Supplement.

  • 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 Acquired Property Except to the extent that a specific provision of this contract states to the contrary, the State shall own all intellectual property acquired or developed under this contract and all equipment purchased by the Engineer or its subcontractors under this contract. All intellectual property and equipment owned by the State shall be delivered to the State when the contract terminates, or when it is no longer needed for work performed under this contract, whichever occurs first.

  • OWNERSHIP OF THE ASSETS LNY will have exclusive and absolute ownership and control of its assets, including all assets in the Variable Account.