Returning. (a) If any Party, for any reason whatsoever, receives from the Escrow any Bitcoin or portion thereof (i) without the corresponding entitlement stemming from this Agreement or (ii) otherwise in contradiction with this Agreement (e.g. Collateral is sent to the Borrower's Bitcoin address (as defined in the Collateral escrow rules) despite the repayment by Collateral according to Clause 5.2), the receiving Party shall promptly transfer the amount of Bitcoin received (appropriate transaction fee may be deducted) to the other Party. (b) For the purposes of this Article (4.7) reception by, or transfer to (i) Borrower means reception on, or transfer to the Borrower's Bitcoin address (as defined in the Collateral escrow rules), and
Appears in 1 contract
Sources: Loan Agreement
Returning. (a) If any a Party, for any reason whatsoever, receives from the Escrow any Bitcoin or portion thereof thereof
(i) without the corresponding entitlement stemming from this Agreement or (ii) otherwise in contradiction with terms of this Agreement (e.g. Collateral is sent to the Borrower's Bitcoin address (as defined in the Collateral escrow rules) despite the repayment by Collateral according to Clause 5.2), the receiving Party shall promptly transfer the amount of Bitcoin thus received (appropriate transaction fee may be deducted) to the other Party.
(b) For the purposes of this Article (4.7) reception by, or transfer to (i) Borrower means reception on, or transfer to the Borrower's Bitcoin address (as defined in the Collateral escrow rules), and
Appears in 1 contract
Sources: Loan Agreement
Returning. (a) If any a Party, for any reason whatsoever, receives from the Escrow any Bitcoin or portion thereof thereof
(i) without the corresponding entitlement stemming from this Agreement or (ii) otherwise in contradiction with terms of this Agreement (e.g. Collateral is sent to the Borrower's Bitcoin address (as defined in the Collateral escrow rules) despite the repayment by Collateral according to Clause 5.2), the receiving Party shall promptly transfer the amount of Bitcoin thus received (appropriate transaction fee may be deducted) to the other Party.
(b) For the purposes of this Article (4.7) reception by, or transfer to (i) Borrower means reception on, or transfer to the Borrower's Bitcoin address (as defined in the Collateral escrow rules), andand (ii) Lender means reception on, or transfer to the Liquidation address (as defined in the Collateral escrow rules).
Appears in 1 contract
Sources: Loan Agreement
Returning. (a) If any a Party, for any reason whatsoever, receives from the Escrow any Bitcoin or portion thereof thereof
(i) without the corresponding entitlement stemming from this Agreement or (ii) otherwise in contradiction with terms of this Agreement (e.g. Collateral is sent to the Borrower's Bitcoin address (as defined in the Collateral escrow rules) despite the repayment by Collateral according to Clause 5.2), the receiving Party shall promptly transfer the amount of Bitcoin thus received (appropriate transaction fee may be deducted) to the other Party.
(b) For the purposes of this Article (4.7) reception by, or transfer to (i) Borrower means reception on, or transfer to the Borrower's Bitcoin address (as defined in the Collateral escrow rules), andand (ii) Lender means reception on, or transfer to the Liquidation address (as defined in the Collateral escrow rules) or to the Default address (as defined in the Collateral escrow rules).
Appears in 1 contract
Sources: Loan Agreement
Returning. (a) If any Party, for any reason whatsoever, receives from the Escrow any Bitcoin or portion thereof (i) without the corresponding entitlement stemming from this Agreement or (ii) otherwise in contradiction with this Agreement (e.g. Collateral is sent to the Borrower's Bitcoin address (as defined in the Collateral escrow rules) despite the repayment by Collateral according to Clause 5.2), the receiving Party shall promptly transfer the amount of Bitcoin received (appropriate transaction fee may be deducted) to the other Party.
(b) For the purposes of this Article (4.7) reception by, or transfer to (i) Borrower means reception on, or transfer to the Borrower's Bitcoin address (as defined in the Collateral escrow rules), andand (ii) Lender means reception on, or transfer to the Liquidation address (as defined in the Collateral escrow rules).
Appears in 1 contract
Sources: Loan Agreement