Custodial Relationship Sample Clauses

Custodial Relationship. In holding the Project files or copies thereof, the DPA shall act as custodian for, and for the benefit of, HUD.
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Custodial Relationship. VENDOR shall have full custodial responsibility for SANOFI’s Library of Compounds, Related Data, and SANOFI R&D Equipment Assets unless otherwise terminated under Section 5 of this Exhibit B.
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Custodial Relationship. (a) Account Holder shall use Xapo’s Services to request the establishment, and Xapo shall thereby establish and maintain a Xapo wallet account (the “Wallet”) and vault account (the “Vault,” and together with the Wallet and any subaccounts associated therewith, the “Account”) in the name of Account Holder. (b) Xapo hereby acknowledges and agrees that it is a custodian of the bitcoins stored by Account Holder in the Account, and that Xapo has no right, interest, or title in such Custodial Coins. Xapo further represents that it does not engage in any fractional reserve banking and, as such, none of the Custodial Coins will be used by Xapo in connection with any loan, hypothecation, Lien or claim of (or by) Xapo or otherwise transferred or pledged to any third party. Xapo hereby confirms that the Custodial Coins do not constitute an asset on the balance sheet of Xapo and that the Custodial Coins will at all times be identifiable in Xapo’s database as being stored in the Account on behalf of Account Holder.
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Custodial Relationship. Due to safety reasons, the Private Keys to your Cryptocurrencies are stored in the Paper Wallets held by FUMBI Network. The Paper Wallets represent one of the safest means for storage of the Private Keys. FUMBI Network will hold custody of the Paper Wallets and store them in secured vaults. FUMBI Network hereby acknowledges and agrees that it is a custodian of the Paper Wallets and FUMBI Network has no right, interest, or title in the Private Keys and/or the User’s Cryptocurrencies. FUMBI Network hereby further confirms that the User’s Cryptocurrencies do not constitute an asset on the balance sheet of FUMBI Network and that the User’s Cryptocurrencies will at all times be identifiable in FUMBI Network’s database as being stored for the User.
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Custodial Relationship. (a) Custodian is authorized to appoint any nominees, agents or sub custodians, whether in its own name or that of Client, to perform any of the duties of the Custodian under this Agreement. Any reference in this Agreement to the Custodian shall, where the context so requires, include its nominees, agents or sub appointed by the Custodian on its behalf. (b) Client shall use Custodian’s Services to request the establishment of, and Custodian shall thereby establish and maintain, one or more Accounts as a custodian for the benefit of the Client or in the Client’s name for the benefit of the Account Holder. Client pledges to Custodian as security for its obligations hereunder a first priority security interest in and lien on the Account and the Custodial Coins held therein and the proceeds thereon. (c) Client hereby acknowledges that it has in place an administration agreement with [__________________________________________________] pursuant to which Client has conferred certain rights to [________________________________________________] to act as an administrator of the Account and to direct Custodian to perform certain acts with respect to the Account, as enumerated in the administration agreement, including serving as an Authorized Person of the Account. (d) Custodian hereby acknowledges and agrees that it is a custodian of the Custodial Coins stored in the Account, and any fiat currency stored in a Fiat Account, and that Custodian has no right, interest, or title in such Custodial Coins or Fiat Account other than the security interest conveyed in Section 2(b) above. Custodian hereby confirms that the Custodial Coins and any fiat currency do not constitute an asset on the balance sheet of Custodian and that the Custodial Coins and Fiat Account will at all times be identifiable in Custodian’s database as being stored in the Account on behalf of Client or Account Holder.
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Custodial Relationship. In holding the Project files or copies thereof, the PAE shall act as custodian for, and for the benefit of, the Director.
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Custodial Relationship. (a) Client hereby appoints Custodian as its custodian, and Xxxxxxxxx hereby accepts that appointment. All Custodied Assets of Client delivered to Custodian or its agents will be held by Custodian in trust for the benefit of Client, as provided in this Agreement. The duties of Custodian with respect to the Custodied Assets will only be as set forth expressly in this Agreement, which duties are generally comprised of receiving and holding Custodied Assets for safekeeping for the benefit of Client, delivering Custodied Assets to Client in accordance with Instructions, and performing various administrative duties in accordance with Instructions and as reasonably required to effect Instructions. For the avoidance of doubt, Custodian may not transfer the Custodied Assets except as directed by Client in accordance with Instructions, as reasonably required to effect Instructions or as otherwise set forth in this Agreement. (b) Custodian hereby acknowledges and agrees that it is a custodian of the Custodied Assets stored in the Account, such Custodied Assets are held by Custodian in trust for the ​ ​ benefit of Client, and that Custodian has no right, interest, or title in those Custodied Assets. Custodian hereby confirms that the Custodied Assets do not constitute an asset on the balance sheet of Custodian and that the Custodied Assets will at all times be identifiable in Custodian’s database as being stored in the Account for the benefit of Client. (c) Custodian will establish and maintain a Digital Asset Account. (d) With respect to Services for digital assets, Custodian will provide Services to Client only for digital assets deemed to be Eligible Assets by Custodian according to its Digital Asset Framework Policy, as set forth in the Term Sheet. Custodian will notify Client of any changes to the list of Eligible Assets. (e) Custodian will use its commercially reasonable judgment to determine which post-fork digital asset is the same as the pre-fork digital asset. (f) Client acknowledges that it may not immediately or ever have the ability to withdraw a Forked or Airdropped Asset. Unless and until a Forked or Airdropped Asset is deemed an Eligible Asset and reflected on Client’s customer account statement as a Custodied Digital Asset, Custodian has no obligation to safeguard or provide any other Services for such asset. (g) Custodian will hold Client’s cash in the Cash Account. Custodian intends for Client to benefit from FDIC deposit insurance on a pass-through...
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Related to Custodial Relationship

  • General Relationship Executive shall be considered an employee of the Company within the meaning of all federal, state and local laws and regulations including, but not limited to, laws and regulations governing unemployment insurance, workers’ compensation, industrial accident, labor and taxes.

  • Commercial Relationship The Employee expressly acknowledges that the Employee’s participation in the Program and the Company’s grant of the Award does not constitute an employment relationship between the Employee and the Company. The Employee has been granted the Award as a consequence of the commercial relationship between the Company and the Company’s Subsidiary in Mexico that employs the Employee, and the Company’s Subsidiary in Mexico is the Employee’s sole employer. Based on the foregoing: (a) the Employee expressly acknowledges that the Program and the benefits derived from participation in the Program do not establish any rights between the Employee and the Subsidiary in Mexico that employs the Employee; (b) the Program and the benefits derived from participation in the Program are not part of the employment conditions and/or benefits provided by the Subsidiary in Mexico that employs the Employee; and (c) any modifications or amendments of the Program or benefits granted thereunder by the Company, or a termination of the Program by the Company, shall not constitute a change or impairment of the terms and conditions of the Employee’s employment with the Subsidiary in Mexico.

  • Banking Relationship Borrower shall at all times maintain its primary banking relationship with Silicon.

  • Confidential Relationship Any information and advice furnished by any party to this Agreement to the other party or parties shall be treated as confidential and shall not be disclosed to third parties without the consent of the other party hereto except as required by law, rule or regulation. The Manager hereby consents to the disclosure to third parties of (i) investment results and other data of the Manager or the Portfolio in connection with providing composite investment results of the Adviser and (ii) investments and transactions of the Manager or the Portfolio in connection with providing composite information of clients of the Adviser.

  • Lending Relationship Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, the Company (i) does not have any material lending or other relationship with any bank or lending affiliate of any Underwriter and (ii) does not intend to use any of the proceeds from the sale of the Securities to repay any outstanding debt owed to any affiliate of any Underwriter.

  • Legal Relationship Nothing in this Agreement is to be construed as creating a partnership, trust arrangement, joint venture, agency, employment relationship or any form of legal relationship between the parties beyond contractual obligations.

  • Contractual Relationship It is understood and agreed that the relationship described in this Agreement between the Parties is contractual in nature and is not to be construed to create a partnership or joint venture or agency relationship between the parties. Neither party shall have the right to act on behalf of the other except as expressly set forth in this Agreement. Contractor will be solely responsible for and will pay all taxes related to the receipt of payments hereunder and shall give reasonable proof and supporting documents, if reasonably requested, to verify the payment of such taxes. No Contractor personnel shall obtain the status of or otherwise be considered an employee of NCTCOG or Participating Entity by virtue of their activities under this Agreement.

  • Agency Relationship Nothing herein shall be construed as constituting the Sub-Advisor as an agent of the Trust or the Fund, except as otherwise contemplated herein.

  • INDEPENDENT RELATIONSHIP This Agreement is not intended to constitute, create, give effect to or otherwise recognize a joint venture, partnership, or formal business organization, or agency agreement of any kind, and the rights and obligations of the Parties shall be only those expressly set forth herein.

  • Employment Relationship Employment with the Company is for no specific period of time. Your employment with the Company will be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. Any contrary representations that may have been made to you are superseded by this letter agreement. This is the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of the Company (other than you).

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