Restricted Assets definition
Examples of Restricted Assets in a sentence
In the event a Lock-Up Schedule Agreement is entered into by and between Anchorage and Token Issuer, Client acknowledges and agrees that Anchorage will act in accordance with the terms of the applicable Lock-Up Schedule Agreement, which may require Anchorage to impose restrictions on Client’s ability to withdraw, transfer, or transact with such Restricted Assets.
No later than three (3) business days prior to the termination date, Client and Token Issuer shall provide written notice to Anchorage at l▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ of an account or wallet address(es) mutually agreed upon by Client and Token Issuer to which Restricted Assets subject to the Lock-Up Schedule as of the termination date shall be transferred, and Client agrees to work with Token Issuer in good faith to do so.
By custodying Restricted Assets with Anchorage, Client acknowledges and agrees that: (i) Client has reviewed any and all applicable Lock-Up Schedule(s) in place with the applicable Token Issuer; (ii) Client will stay apprised of any changes to the applicable Lock-Up Schedule(s) that may affect Client’s Restricted Assets; and (iii) Lock-Up Schedule(s) may require Anchorage to impose restrictions on Client’s ability to withdraw, transfer, or transact with such Restricted Assets.
Client acknowledges and agrees that Anchorage shall not be liable for, and shall be indemnified and held harmless by the Client for any damages or claims arising from Client’s breach of a Lock-Up Schedule or the enforcement of any Lock-Up Schedule Agreement or Lock-Up Schedule to the Restricted Assets in Client’s Account or Vault.
In the event that Anchorage does not receive such written notice, Anchorage shall restrict the withdrawal or transfer of Restricted Assets until such account or wallet address(es) is received or until Restricted Assets in Client’s Account or Vault become eligible for withdrawal in accordance with the Lock-Up Schedule.