Fiat Currency Sample Clauses

The Fiat Currency clause defines the type of money to be used for payments under the agreement, specifying that only government-issued, legal tender currencies are acceptable. In practice, this means that parties must settle obligations using recognized national currencies such as US dollars, euros, or yen, and not with cryptocurrencies, commodities, or other non-fiat forms of value. This clause ensures clarity and stability in financial transactions by eliminating ambiguity about acceptable payment methods and protecting both parties from the volatility or legal uncertainties associated with alternative currencies.
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Fiat Currency. (a) As part of Custodial Services, Client may use Custodian to hold Fiat Currency in a Custodial Account for Client’s benefit. Custodian will custody Fiat Currency in one or more of the following “Customer Omnibus Accounts”, as determined by Custodian: (i) deposit accounts established by Custodian at a Bank; (ii) money market accounts established by Custodian at a Bank; or (iii) such other accounts as may be agreed between Client and Custodian in writing from time to time. (b) Each Customer Omnibus Account shall be titled in the name of Custodian or in the name of Custodian for the benefit of its customers, in either case under the control of Custodian. Each Customer Omnibus Account shall be maintained separately and apart from Custodian’s business, operating, and reserve accounts. Each Customer Omnibus Account constitutes a banking relationship between Custodian and the relevant Bank and shall not constitute a custodial relationship between Client and Bank. (c) Custodian may hold some or any portion of Fiat Currency in accounts that may or may not receive interest or other earnings. Client agrees that the amount of any such interest or earnings attributable to such Fiat Currency in Customer Omnibus Accounts shall be retained by Custodian as additional consideration for its services under this Agreement, and nothing in this Agreement entitles Client to any portion of such interest or earnings. In addition, Custodian may receive earnings or compensation for a Customer Omnibus Account in the form of services provided at a reduced rate or similar compensation. Any such compensation shall be retained by Custodian, Client is not entitled to any portion of such compensation, and no portion of any such compensation shall be paid to or for Client. Client’s rights in the Customer Omnibus Accounts are limited to the specific amount of Fiat Currency Custodian custodies on Client’s behalf, as may be limited under this Agreement and by Applicable Law. (d) Client agrees and understands that wire deposit settlement times and wire withdrawal transfer times are subject to factors outside of Custodian’s control, including processes and operations related to Client’s account at a depository institution and Custodian’s bank account.
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Fiat Currency. 6.3.1 Where specified on the Site or in a Schedule, and depending on your location, the Platform may support various fiat currencies for deposit, withdrawal, and/or trading, using wire transfers, credit cards, or other appropriate methods. Once we receive fiat currency that you load into your Account, this amount will be displayed in your Account. Fiat currency held in your Account will not earn any interest. 6.3.2 You may purchase Digital Assets by using fiat currency credited to your Account (depending on your location). To carry out a Digital Asset purchase using fiat currency, you must follow the relevant instructions on the Site. You authorise us to debit fiat currency from your Account to complete your purchase. Although we will attempt to deliver Digital Assets to you as promptly as possible, fiat currency may be debited from your Account before Digital Assets are delivered to your Account. 6.3.3 You may sell Digital Assets in exchange for certain fiat currencies (depending on your location). To carry out a Digital Asset sale, you must follow the relevant instructions on the Site and/or the Schedules. You authorise us to debit Digital Assets from your Account and send instructions to credit your Account with the relevant amount of fiat currency. 6.3.4 You may redeem all or part of any fiat currency held in your Account at any time subject to outages, downtime, and other applicable policies (including the Terms), by selecting the relevant option in the Site and following the instructions. Unless agreed otherwise, funds will be transferred to the payment account you have registered with us. You hereby represent and warrant that this payment account is your own, and that you have full control over it. It is your responsibility entirely to provide us with correct details of your withdrawal account. We accept no liability resulting in you not receiving any amounts withdrawn by you due to you providing incorrect or out-of- date details. 6.3.5 If the Terms are terminated, we may redeem any fiat currency remaining in your Account and attempt to transfer the equivalent amount of fiat currency to the payment account you have registered with us. Prior to redeeming fiat currency from your Payment Account, we may conduct checks for the purposes of preventing fraud, money laundering, terrorist financing and other financial crimes, and as required by Applicable Law. This may mean you are prevented or delayed from withdrawing fiat currency until those checks are co...
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Fiat Currency. A government-issued currency designated as legal tender in its country of issuance through government decree, regulation, or law Can refer to a financial institution of the User used to send or receive Funds or a financial or any other institution of the Company that the Company uses to receive, transfer or send Funds from and to the User. Can be a bank, an electronic money institution or a similar entity. Documents that are requested by XCOEX from the Users in order to identify the User and comply with applicable laws Anti-Money Laundering / Combating the Financing of Terrorism regulations and requirements
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Fiat Currency. For the avoidance of doubt, any balance in your CEX account displayed and denominated in fiat currency does not mean that CEX directly holds fiat currency, nor does it mean that CEX receives, holds or issues any fiat currency or is engaged in accepting deposits, transfers or similar activities in relation to fiat currency. For the avoidance of doubt, nothing in this section shall deprive you of any mandatory legal rights that you have under applicable law.
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Fiat Currency. Transactions (not using your E-Money Wallet). You may purchase supported Digital Currency by linking a valid payment method to your Digital Currency Wallet. You authorise us to debit funds using your selected payment method(s) to complete your purchase.
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Fiat Currency. Government-issued currency that is designated as legal tender in its country of issuance and includes, but is not limited to, the United States Dollar (USD), Euro (EUR), or other legal tender.
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Fiat Currency. (1) You understand and agree that PDAX has third-party service providers or different payment channels such as, but not limited to, banks, remittance centers, or other facilities capable of disbursing Fiat Currency. (2) PDAX does not own any of these third-party service providers and only has a client-service provider relationship. As such, PDAX has no control over the requirements that these service providers may set to process encashments or transfer and receipt of Fiat Currency. Execution of transactions may be stopped, held, or delayed, depending on the capacity of third-party service providers to perform their Fiat Currency functions. (3) You authorize PDAX to use these channels in order to fulfill your requests to withdraw or return your Fiat Currency. PDAX shall not be held liable for any damage or loss arising from your transaction with these payment channels. (4) You understand and agree that high volume or large withdrawals may not always be immediately available. Such transactions are subject to availability of funds of the third-party service providers, banks, and the asset storage policy of the PDAX, and as such, PDAX or any third-party service provider may require you to wait or set an appointment in order to withdraw your Fiat Currency. (5) You understand and agree that PDAX shall not be liable for loss or damage caused by transferring your Fiat Currency to a wrong Third Party Account or any erroneously transferred Fiat Currency. PDAX is not able to reverse any transfers and will not have any responsibility or liability if you have provided account details for the transfer that is incorrect, improperly formatted, or erroneous. (6) You shall be subject to the total cash-in and cash-out transaction limits (daily, monthly, and annual limit) applicable to your particular account tier. Users can have all or part of the withdrawable amount in their PDAX Account returned to them, which is the amount in excess of the minimum required balance and unrealized losses. However, Users cannot request withdrawal if the withdrawable amount is less than the withdrawal fee or charges applicable to such withdrawal.
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Fiat Currency 
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Related to Fiat Currency

  • Judgment Currency If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or the Lenders hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent from the Borrower in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such obligation was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent in such currency, the Administrative Agent agrees to return the amount of any excess to the Borrower (or to any other Person who may be entitled thereto under applicable Law).