Third Party Defaults. 8.3.1 As already stated hereinabove, the Issuer shall promptly notify You in writing of any claims, demands, or legal actions alleging due to any default arising on RWA by the third party/ asset originator or end borrower. 8.3.2 In the event of any such claim, the Issuer shall have the right to take appropriate actions to defend its rights, including modifying or replacing the NFT or the RWA.
Appears in 3 contracts
Sources: Terms for Purchase of Non Fungible Tokens (Nft), Terms for Purchase of Non Fungible Tokens (Nft), Terms for Purchase of Non Fungible Tokens (Nft)