Buyer’s Security. Buyer shall implement reasonable and appropriate measures designed to secure access to:
(i) any device associated with Buyer and utilized in connection with Buyer’s purchase of Tokens;
(ii) private keys to Buyer’s wallet or account; and
(iii) any other username, passwords or other login or identifying credentials. In the event that Buyer is no longer in possession of Buyer’s private keys or any device associated with Buyer’s account or is not able to provide Buyer’s login or identifying credentials, Buyer acknowledges and understands that it may lose all of its Tokens or access to its account. In such event, Company shall be under no obligation to recover any Tokens and Buyer acknowledges, understands and agrees that all purchases of Tokens are non-refundable and Buyer shall not receive money or other compensation for any Tokens purchased.
Buyer’s Security. (a) Buyer shall provide on the Effective Date, and maintain thereafter throughout the remainder of the Term, security for compliance with its payment obligations under this Agreement, which shall consist of (1) a cash deposit in the amount of $30,000,000, which deposit shall earn interest at the Interest Rate, (2) a corporate guaranty (the "Buyer's Guaranty") in the form attached hereto as Exhibit F, from CMS Energy Corporation, or its Affiliate or successor ("Buyer's Guarantor") whose unsecured, senior long-term debt obligations (not supported by third-party credit enhancements) are rated Baa3 or better by Xxxxx'x Investment Services, Inc. (or its successor), or BBB- or better by Standard & Poor's Rating Group (or its successor) in the amount of $30,000,000, or (3) a Letter or Letters of Credit in the amount of $30,000,000.
(b) A default specified in Section 7.1(a) may not be cured by drawing, or permitting a draw on, the cash deposit, Buyer's Guaranty or Letter of Credit, unless the cash deposit, Buyer's Guaranty or Letter of Credit is immediately replenished up to the required amount of the cash deposit, Buyer's Guaranty or Letter of Credit under Section 7.3(a).
(c) If at any time there shall occur a Downgrade Event with respect to Buyer's Guarantor or if the rating of the Letter of Credit issuing bank falls below the minimum acceptable level as set forth in the definition of Letter of Credit, then Seller may require Buyer to replace the Buyer's Guaranty or Letter of Credit with a Letter of Credit acceptable to the beneficiary in the amount of $30,000,000, and shall be subject to all terms and conditions of this Agreement applicable to a
Buyer’s Security. Buyer will implement reasonable and appropriate measures designed to secure access to: (i) any device associated with Buyer and utilized in connection with Buyer’s purchase of EOS Tokens; (ii) private keys to Buyer’s wallet or account; and (iii) any other username, passwords or other login or identifying credentials. In the event that Xxxxx is no longer in possession of Xxxxx’s private keys or any device associated with Buyer’s account or is not able to provide Buyer’s login or identifying credentials, Buyer may lose all of Buyer’s EOS Tokens and/or access to Buyer’s account. Company is under no obligation to recover any EOS Tokens and Buyer acknowledges, understands and agrees that all purchases of EOS Tokens are non-refundable and Buyer will not receive money or other compensation for any EOS Tokens purchased.
Buyer’s Security. Buyer will implement reasonable and appropriate measures designed to secure access to: (i) any device associated with Buyer and utilized in connection with Buyer’s purchase of RUBY Tokens; (ii) private keys to Buyer’s wallet or account; and (iii) any other username, passwords or other login or identifying credentials. In the event that Xxxxx is no longer in possession of Xxxxx’s private keys or any device associated with Xxxxx’s account or is not able to provide Buyer’s login or identifying credentials, Buyer may lose all of Buyer’s RUBY Tokens and/or access to Buyer’s account. Seller is under no obligation to recover any RUBY Tokens and Buyer acknowledges, understands and agrees that all purchases of RUBY Tokens are non-refundable and Buyer will not receive money or other compensation for any RUBY Tokens purchased.
Buyer’s Security. Buyer will implement reasonable and appropriate measures designed to secure access to: (i) any device associated with Buyer and utilized in connection with Buyer’s purchase of ABCS Tokens; (ii) private keys to Buyer’s wallet or account; and
Buyer’s Security. Buyer will implement reasonable and appropriate measures desig- xxx to secure access to: (i) any device associated with Buyer and utilized in connec- tion with Buyer’s purchase of UNTD Coins; (ii) private keys to Buyer’s wallet or ac- count; and (iii) any other username, passwords or other login or identifying creden- tials. In the event that Xxxxx is no longer in possession of Xxxxx’s private keys or any device associated with Xxxxx’s account or is not able to provide Buyer’s login or identifying credentials, Buyer may lose all of Buyer’s UNTD Coins and/or access to Buyer’s account. Company is under no obligation to recover any UNTD Coins and Buyer acknowledges, understands and agrees that all purchases of UNTD Coins are non-refundable and Buyer will not receive money or other compensation for any UNTD Coins purchased.
Buyer’s Security. Buyer will implement reasonable and appropriate measures designed to secure access to: (i) any device associated with Buyer and utilized in connection with Buyer’s purchase of AST Tokens; (ii) private keys to Buyer’s wallet or account; and (iii) any other username, passwords or other login or identifying credentials. In the event that Buyer is no longer in possession of Buyer’s private keys or any device associated with Buyer’s account or is not able to provide Buyer’s login or identifying credentials, Buyer may lose all of Buyer’s AST Tokens and/or access to Buyer’s account. Company is under no obligation to recover any AST Tokens and Buyer acknowledges, understands and agrees that all purchases of AST Tokens are non-refundable and Buyer will not receive money or other compensation for any AST Tokens purchased.
Buyer’s Security. Buyer will implement reasonable and appropriate measures designed to secure access to: (i) any device associated with Buyer and utilized in connection with Buyer’s purchase of Haladinar Tokens; (ii) private keys to Buyer’s wallet or account; and (iii) any other username, passwords or other login or identifying credentials. In the event that Buyer is no longer in possession of Buyer’s private keys or any device associated with Buyer’s account or is not able to provide Buyer’s login or identifying credentials, Buyer may lose all of Buyer’s Haladinar Tokens and/or access to Buyer’s account. Company is under no obligation to recover any Haladinar Tokens and Buyer acknowledges, understands and agrees that all purchases of Haladinar Tokens are non-refundable and Buyer will not receive money or other compensation for any Haladinar Tokens purchased.
Buyer’s Security. Buyer will implement reasonable and appropriate measures designed to secure access to: (i) any device associated with Buyer and utilized in connection with Buyer’s purchase of PROOF Tokens; (ii) private keys to Buyer’s wallet or token account; and (iii) any other username, passwords or other login or identifying credentials. In the event that Buyer is no longer in possession of Buyer’s private keys or any device associated with Buyer’s account or is not able to provide Buyer’s login or identifying credentials, Buyer may lose all of Buyer’s PROOF Tokens and/or access to Buyer’s account. PROOFTECH LIMITED is under no obligation to recover any PROOF Tokens and Buyer acknowledges, understands and agrees that all purchases of PROOF Tokens are non-refundable and Buyer will not receive money or other compensation for any PROOF Tokens purchased.
Buyer’s Security. Buyer will implement reasonable and appropriate measures designed to secure access to: (i) any device associated with Buyer and utilized in connection with Buyer’s purchase of DML Tokens; (ii) private keys to Buyer’s wallet or account; and (iii) any other username, passwords or other login or identifying credentials. In the event that Buyer is no longer in possession of Buyer’s private keys or any device associated with Buyer’s account or is not able to provide Buyer’s login or identifying credentials, Buyer may lose all of Buyer’s DML Tokens and/or access to Buyer’s account. Company is under no obligation to recover any DML Tokens and Buyer acknowledges, understands and agrees that all purchases of DML Tokens are non-refundable and Buyer will not receive money or other compensation for any DML Tokens purchased.