Common use of Order Placement Clause in Contracts

Order Placement. Orders are placed on the Platform or the Zero Hash System, as applicable, through your Account using your Login Credentials (to the extent that any Login Credentials are required by Business to access its Platform). If you are accessing the Services through the Platform, you may only enter Orders as permitted by the Platform and as agreed between you and Business in the applicable Cryptocurrency Platform Agreement. If you are entering Orders through the Zero Hash System, you may only submit orders as permitted by Xxxx Xxxx in writing. You further understand that all Orders to purchase or sell cryptocurrency will be executed in reliance on your promise that an actual purchase or sale is intended, and that ZHLS requires full payment in cleared, non-margined funds at the time an Order is filled. Zero Hash does not offer leverage in your Account. Zero Hash will not settle any leveraged transaction. You are responsible for ensuring that you do not place a leveraged or margin Order through the Platform. You further understand and acknowledge that you are not permitted to place an Order to purchase cryptocurrency unless you have enough non-margined funds available in your Business Account or Zero Hash account, as applicable, to cover the purchase plus any network and/or associated blockchain fees, and that you are not permitted to place an Order to sell cryptocurrency unless you have enough cryptocurrency available in your Account. You understand and acknowledge that Zero Hash and ZHLS do not guarantee that an Order you place will be filled, and you further understand and acknowledge that Zero Hash reserves the right to cancel any Order or part of an Order, if such Order: (i) was placed during a scheduled or unscheduled downtime of Zero Hash and/or ZHLS; (ii) violates the terms of this User Agreement; or (iii) is non-marketable. By placing an Order, you agree to the terms and conditions of the Order as displayed to you on the Platform or Zero Hash System, as applicable. You further understand and acknowledge that: (a) Zero Hash does not offer the ability to set up pre-authorized, automatic, or recurring Orders (“Pre-Authorized Orders”) in your Account; (b) any such Pre-Authorized Order feature (if available) is under the exclusive control of Business (if applicable); (c) you must contact Business (if applicable) in order to stop a Pre-Authorized Order before execution or to turn off such a feature in your Account; and (d) Zero Hash and ZHLS are not liable for the placement and execution of any Pre-Authorized Order. Prior to each Cryptocurrency Transaction, you will be presented with a written disclosure in clear, conspicuous, and legible writing, such disclosures as are customarily given in connection with a transaction of this nature, including : (1) the amount of the Cryptocurrency Transaction; (2) any fees, expenses, and charges borne by you, including applicable exchange rates; (3) the type and nature of the Cryptocurrency Transaction; and (4) a warning that once executed the Cryptocurrency Transaction may not be undone, if applicable.

Appears in 9 contracts

Samples: Services User Agreement, Services User Agreement, Services User Agreement

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Order Placement. Orders are placed on the Platform or the Zero Hash System, as applicable, through your Account using your Login Credentials (to the extent that any Login Credentials are required by Business to access its Platform). If you are accessing the Services through the Platform, you may only enter Orders as permitted by the Platform and as agreed between you and Business in the applicable Cryptocurrency Platform Agreement. If you are entering Orders through the Zero Hash System, you may only submit orders as permitted by Xxxx Xxxx in writing. You further understand that all Orders to purchase or sell cryptocurrency will be executed in reliance on your promise that an actual purchase or sale is intended, and that ZHLS requires full payment in cleared, non-margined funds at the time an Order is filled. Zero Hash does not offer leverage in your Account. Zero Hash will not settle any leveraged transaction. You are responsible for ensuring that you do not place a leveraged or margin Order through the Platform. You further understand and acknowledge that you are not permitted to place an Order to purchase cryptocurrency unless you have enough non-margined funds available in your Business Account or Zero Hash account, as applicable, to cover the purchase plus any network and/or associated blockchain fees, and that you are not permitted to place an Order to sell cryptocurrency unless you have enough cryptocurrency available in your Account. You understand and acknowledge that Zero Hash and ZHLS do not guarantee that an Order you place will be filled, and you further understand and acknowledge that Zero Hash reserves the right to cancel any Order or part of an Order, if such Order: (i) was placed during a scheduled or unscheduled downtime of Zero Hash and/or ZHLS; (ii) violates the terms of this User Agreement; or (iii) is non-marketable. By placing an Order, you agree to the terms and conditions of the Order as displayed to you on the Platform or Zero Hash System, as applicable. You further understand and acknowledge that: (a) Zero Hash does not offer the ability to set up pre-authorized, automatic, or recurring Orders (“Pre-Authorized Orders”) in your Account; (b) any such Pre-Authorized Order feature (if available) is under the exclusive control of Business (if applicable); (c) you must contact Business (if applicable) in order to stop a Pre-Authorized Order before execution or to turn off such a feature in your Account; and (d) Zero Hash and ZHLS are not liable for the placement and execution of any Pre-Authorized Order. Prior to each Cryptocurrency Transaction, you will be presented with a written disclosure in clear, conspicuous, and legible writing, such disclosures as are customarily given in connection with a transaction of this nature, including the following information: (1) the amount of the Cryptocurrency Transaction; (2) any fees, expenses, and charges borne by you, including applicable exchange rates; (3) the type and nature of the Cryptocurrency Transaction; and (4) a warning that once executed the Cryptocurrency Transaction may not be undone, if applicable; and (5) such other disclosures as are customarily given in connection with a transaction of this nature.

Appears in 2 contracts

Samples: Services User Agreement, Services User Agreement

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Order Placement. Orders are placed on the Platform or the Zero Hash System, as applicable, through your Account using your Login Credentials (to the extent that any Login Credentials are required by Business to access its Platform). If you are accessing the Services through the Platform, you may only enter Orders as permitted by the Platform and as agreed between you and Business in the applicable Cryptocurrency Platform Agreement. If you are entering Orders through the Zero Hash System, you may only submit orders as permitted by Xxxx Xxxx in writing. You further understand that all Orders to purchase or sell cryptocurrency will be executed in reliance on your promise that an actual purchase or sale is intended, and that ZHLS requires full payment in cleared, non-margined funds at the time an Order is filled. Zero Hash does not offer leverage in your Account. Zero Hash will not settle any leveraged transaction. You are responsible for ensuring that you do not place a leveraged or margin Order through the Platform. You further understand and acknowledge that you are not permitted to place an Order to purchase cryptocurrency unless you have enough non-margined funds available in your Business Account or Zero Hash account, as applicable, to cover the purchase plus any network and/or associated blockchain fees, and that you are not permitted to place an Order to sell cryptocurrency unless you have enough cryptocurrency available in your Account. You understand and acknowledge that Zero Hash and ZHLS do not guarantee that an Order you place will be filled, and you further understand and acknowledge that Zero Hash reserves the right to cancel any Order or part of an Order, if such Order: (i) was placed during a scheduled or unscheduled downtime of Zero Hash and/or ZHLS; (ii) violates the terms of this User Agreement; or (iii) is non-marketable. By placing an Order, you agree to the terms and conditions of the Order as displayed to you on the Platform or Zero Hash System, as applicable. You further understand and acknowledge that: (a) Zero Hash does not offer the ability to set up pre-authorized, automatic, or recurring Orders (“Pre-Pre- Authorized Orders”) in your Account; (b) any such Pre-Authorized Order feature (if available) is under the exclusive control of Business (if applicable); (c) you must contact Business (if applicable) in order to stop a Pre-Authorized Order before execution or to turn off such a feature in your Account; and (d) Zero Hash and ZHLS are not liable for the placement and execution of any Pre-Authorized Order. Prior to each Cryptocurrency Transaction, you will be presented with a written disclosure in clear, conspicuous, and legible writing, such disclosures as are customarily given in connection with a transaction of this nature, including : (1) the amount of the Cryptocurrency Transaction; (2) any fees, expenses, and charges borne by you, including applicable exchange rates; (3) the type and nature of the Cryptocurrency Transaction; and (4) a warning that once executed the Cryptocurrency Transaction may not be undone, if applicable.

Appears in 1 contract

Samples: User Agreement

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