Common use of Processing of Payment Clause in Contracts

Processing of Payment. Payments made in cryptocurrency and digital assets will be processed through BitPay. The Company reserves the right to discontinue accepting any type of consideration in its sole discretion. Proceeds denominated in US Dollars in connection with purchases will be placed into t an account maintained for the benefit of the Company’s Offering by BitPay, and held on behalf of the Company until the close of the offering. All funds will be released to the Company from time to time as Purchaser’s Closing Requirements (as defined in the Memorandum) are confirmed to be satisfied after the close of the offering.

Appears in 1 contract

Samples: Simple Agreement

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Processing of Payment. Payments made in cryptocurrency and digital assets will be processed through BitPay. The Company reserves the right to discontinue accepting any type of consideration in its sole discretion. Proceeds denominated in US Dollars in connection with purchases will be placed into t an account maintained for the benefit of the Company’s Offering by BitPay, and held on behalf of the Company until the close of the offering. All funds will be released to the Company from time to time as Purchaser’s Closing Requirements (as defined in the Private Placement Memorandum) are confirmed to be satisfied after the close of the offering.

Appears in 1 contract

Samples: Simple Agreement

Processing of Payment. Payments made in cryptocurrency and digital assets will be processed through BitPay. The Company reserves the right to discontinue accepting any type of consideration in its sole discretion. Proceeds denominated in US Dollars in connection with purchases will be placed into t an account maintained for the benefit of the Company’s Offering by BitPay, and held on behalf of the Company until the close of the offering. All funds will be released to the Company from time to time as Purchaser’s Closing Requirements (as defined in the Private Placement Memorandum) are confirmed to be satisfied after the close of the offering.

Appears in 1 contract

Samples: Simple Agreement

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Processing of Payment. Payments made in cryptocurrency and digital assets will be processed through BitPay. The Company reserves the right to discontinue accepting any type of consideration in its sole discretion. Proceeds denominated in US Dollars in connection with purchases will be placed into t an account maintained for the benefit of the Company’s Offering by BitPay, and held on behalf of the Company until the close of the offering. All funds will be released to the Company from time to time as Purchaser’s Closing Requirements (as defined in the International Offering Memorandum) are confirmed to be satisfied after the close of the offering.

Appears in 1 contract

Samples: Simple Agreement

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