Verification; Transactions Sample Clauses
Verification; Transactions. (a) Account Holder and Custodian shall comply with any application Security Procedures with respect to the delivery or authentication of Instructions and shall ensure that any codes, passwords or similar devices are reasonably safeguarded, except that Custodian shall exercise best efforts in fulfilling its duties under this Section 11(a).
(b) Xapo shall, in all Bitcoin Network transactions executed in connection with Xapo’s Services as contemplated by this Agreement, exercise best efforts.
(c) Xapo cannot and does not guarantee the value of bitcoins. Xapo does not control the Bitcoin Network and therefore is not responsible for the services provided by the Bitcoin Network – in particular, verifying and confirming transactions that are submitted to the Bitcoin Network. Furthermore, Xapo cannot cancel or reverse a transaction that has been submitted to the Bitcoin Network. Once a transaction request has been submitted to the Bitcoin Network via Xapo’s Services, Account Holder will subsequently not be able to cancel or otherwise modify Account Holder’s transaction request. Account Holder acknowledges and agrees that, to the extent Xapo did not cause or contribute to a loss Account Holder suffers in connection with any bitcoin transaction initiated via Xapo’s Services, Xapo shall have no liability for such loss. Xapo has no control over the Bitcoin Network and therefore does not ensure that any transaction request Account Holder submits to the Bitcoin Network via Xapo’s Services will be completed. Account Holder acknowledges and agrees that the transaction requests Account Holder submits via Xapo’s Services for completion on the Bitcoin Network may not be completed, or may be substantially delayed, by the Bitcoin Network and Xapo is not responsible for any delay or any failure of completion caused by the Bitcoin Network. When Account Holder completes a transaction request via Xapo’s Services, Account Holder authorizes Xapo to submit Account Holder’s transaction request to the Bitcoin Network in accordance with the instructions Account Holder provides via Xapo’s Services.
Verification; Transactions. (a) Client shall comply with any application security procedures with respect to the delivery or authentication of Instructions and shall ensure that any codes, passwords or similar devices are safeguarded in keeping with security best practices, and Client shall exercise commercially reasonable efforts in fulfilling its duties under this Section 11(a).
(b) Custodian cannot and does not guarantee the value of digital currency. Custodian shall not be responsible for any third-party services. Furthermore, Custodian cannot cancel or reverse a transaction involving digital currency. Once a transaction request has been made, Client will subsequently not be able to cancel or otherwise modify Client’s transaction request. Client acknowledges and agrees that Custodian shall have no liability for losses Client suffers in connection with any digital currency transaction initiated via Custodian’s Services under this Agreement unless such losses are the direct result of Custodian’s fraud, willful default or gross negligence. Custodian does not ensure that any transaction request Client submits or causes to be submitted to a digital currency network via Custodian’s Services will be completed by the applicable network. Client acknowledges and agrees that the transaction requests Client authorizes Custodian to submit for completion on a digital currency network may not be completed, or may be substantially delayed, by the digital currency network and Custodian is not responsible for any delay or any failure of completion caused by the digital currency network. When Client completes a transaction request, Client authorizes Custodian to submit Client’s transaction request to the digital currency network in accordance with the instructions Client provides.