Common use of Buyer’s Security Clause in Contracts

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.

Appears in 2 contracts

Samples: Token Sales Agreement, Token Sales Agreement

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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 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.

Appears in 1 contract

Samples: Token Purchase Agreement

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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 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 purchasedTokens.

Appears in 1 contract

Samples: Token Purchase Agreement

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