Tokenization Clause Samples
The Tokenization clause defines the process by which certain assets, rights, or interests are converted into digital tokens, typically on a blockchain or similar distributed ledger. This clause outlines the scope of assets eligible for tokenization, the technical standards or platforms to be used, and the parties responsible for issuing and managing the tokens. By establishing clear rules for token creation and management, the clause ensures transparency and legal certainty in the digital representation of assets, thereby facilitating secure and efficient transactions.
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Tokenization. This module refers to the process of breaking out long-form text into sentences and words called “tokens”. These are, then, used in the models, like bag-of-words, for information retrieval tasks. (Price: USD 2M)
Tokenization. Subject to applicable securities laws and regulations, during the Interim Period, SPAC shall consider in good faith the potential for tokenizing its securities and may explore opportunities, structures, and regulatory frameworks (in each case, at the Company’s sole cost and expense) that would permit such tokenization, provided that any such exploration shall not delay, hinder, or condition the consummation of the Transactions contemplated by this Agreement.
Tokenization. In addition to the terms of the Agreement, these Tokenization Service terms Account Updater Service and Tokenization Service to store authorized customer billing information for recurring transactions and may be provided by Processor and one or more affiliates of Processor.
Tokenization. The ability to replace persistent Payment Card information in applications and databases with a token that can only be exchanged with a Payment Card number when it is required at the time of transmission or upon authorization.
Tokenization. If either the Vehicle or Pubco sells, issues, creates or distributes, or causes or permits any affiliate, foundation or nominee to sell, issue, sponsor, create or distribute any cryptoassets relating to any shares or assets of either the Vehicle or Pubco or network, protocol or application developed by or on behalf of either the Vehicle or Pubco, the Vehicle and Pubco, as applicable, shall conduct such activities solely on the Avalanche blockchain.
Tokenization. Tokenization replaces transaction data with randomly generated codes or “tokens”. When an authorized requestor submits a request for a unique token, it is generated and returned to the authorized requestor for use in transaction processing and billing updates.