Common use of Management of Tokens Clause in Contracts

Management of Tokens. Tokens will remain the property of the Bank. Use of the Token is strictly limited to use in the delivery of Applications by the Token User in the manner prescribed by the Bank in the Agreement(s) and these Terms and Conditions. Any other use of the Token is prohibited. The Bank assumes no responsibility or liability whatsoever for any misuse of the Token by the Token User, other representatives of the Borrower, or third parties. The Borrower undertakes to ensure, and represents and warrants to the Bank (such representation and warranty being expressly relied upon by the Bank in delivery of a Token to each Token User) that each Token User is provided, understands and will abide by, these Terms and Conditions of Use, including without limitation the following:

Appears in 3 contracts

Samples: Financing Agreement, Letter Agreement, Grant Agreement

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Management of Tokens. Tokens will remain the property of the Bank. Use of the Token is strictly limited to use in the delivery of Applications by the Token User in the manner prescribed by the Bank in the Agreement(s) this Agreement and these Terms and Conditions. Any other use of the Token is prohibited. The Bank assumes no responsibility or liability whatsoever for any misuse of the Token by the Token User, other representatives of the BorrowerRecipient, or third parties. The Borrower Recipient undertakes to ensure, and represents and warrants to the Bank (such representation and warranty being expressly relied upon by the Bank in delivery of a Token to each Token User) that each Token User is provided, understands and will abide by, these Terms and Conditions of Use, including without limitation the following:

Appears in 1 contract

Samples: documents1.worldbank.org

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