Common use of Qualified Agents Clause in Contracts

Qualified Agents. (a) Notwithstanding anything to the contrary provided herein, the Company will be expressly permitted to (at any time and from time to time) assign any one or more of its administrative obligations hereunder with respect to the Coins to one or more Qualified Agents. Without limiting the generality, the Company may engage one or more Qualified Agents to: (i) maintain and manage the Framework (or any portion thereof); (ii) maintain and manage the Coin Ledger (including keeping the same continuously updated and/or maintaining and ensuring the confidentiality and security of all of the information provided therein); (iii) direct and/or facilitate (to the extent manually required) any and all payments to be made under the Coin to the Coin Holders; and/or (iv) act as the primary liaison between the Company and the Coin Holders. (b) If, and to the extent, the Company engages a Qualified Agent it will promptly (and in any event within five (5) business days) give each holder of a then active Framework Account written notice of the same (each such notice, an “QA Notice”). Each such QA Notice will include, at a minimum: (i) the name of the respective Qualified Agent and the contact information of the principal contact of such Qualified Agent; and (ii) a reasonable description of the particular administrative obligations of the Company assigned to such Qualified Agent.

Qualified Agents. (a) Notwithstanding anything to the contrary provided herein, the Company will be expressly permitted to (at any time and from time to time) assign any one or more of its administrative obligations hereunder with respect to the Coins to one or more Qualified Agents. Without limiting the generality, the Company may engage one or more Qualified Agents to: (i) maintain and manage the Framework (or any portion thereof); (ii) maintain and manage the Coin Ledger (including keeping the same continuously updated and/or maintaining and ensuring the confidentiality and security of all of the information provided therein); (iii) direct and/or facilitate (to the extent manually required) any and all payments to be made under the Coin to the Coin Coin-Holders; and/or (iv) act as the primary liaison between the Company and the Coin Coin-Holders. (b) If, and to the extent, the Company engages a Qualified Agent it will promptly (and in any event within five (5) business days) give each holder of a then active Framework Account written notice of the same (each such notice, an “QA Notice”). Each such QA Notice will include, at a minimum: (i) the name of the respective Qualified Agent and the contact information of the principal contact of such Qualified Agent; and (ii) a reasonable description of the particular administrative obligations of the Company assigned to such Qualified Agent.