Operation of Digital Asset Protocols. (a) Custodian does not own or control the underlying software protocols which govern the operation of Digital Assets supported on the Custodian platform. By using the Custodial Services, Client acknowledges and agrees that (i) Custodian is not responsible for operation of the underlying protocols and that Custodian makes no guarantee of their functionality, security, or availability; and (ii) the underlying protocols are subject to sudden changes in operating rules (a.k.a. “forks”), and (iii) that such forks may materially affect the value, function, and/or even the name of the Digital Assets that Client stores in Client’s Custodial Account. In the event of a fork, Client agrees that Custodian may temporarily suspend Custodian operations with respect to the affected Digital Assets (with or without advance notice to Client) and that Custodian may, in its sole discretion, decide whether or not to support (or cease supporting) either branch of the forked protocol entirely. Client acknowledges and agrees that Cxxxxxxxx assumes absolutely no liability whatsoever in respect of an unsupported branch of a forked protocol or its determination whether or not to support a forked protocol. (b) Client agrees that all “airdrops” (free distributions of certain Digital Assets) and forks will be handled by Custodian pursuant to its fork policy (the “Fork Policy”) (currently available at wxx.xxxxx.xxx/xxxxxxxxx/xxxxx-xxxx-xxxxxx). Client acknowledges that Custodian is under no obligation to support any airdrops or forks, or handle them in any manner, except as detailed above and in the Fork Policy. Client further acknowledges that Custodian, at its sole discretion, may update the Fork Policy from time to time and/or the URL at which it is available and Client agrees that Client is responsible for reviewing any such updates. Client is under no obligation to provide notification to Client of any modification to the Fork Policy.
Appears in 3 contracts
Samples: Custodial Services Agreement (Valkyrie Bitcoin Fund), Custodial Services Agreement (Valkyrie Bitcoin Fund), Custodial Services Agreement (Tidal Commodities Trust I)
Operation of Digital Asset Protocols. (aA) Custodian Trust Company does not own or control the underlying software protocols which govern the operation of Digital Assets supported on the Custodian Trust Company platform. By using the Custodial Services, Client acknowledges and agrees that (i) Custodian Trust Company is not responsible for operation of the underlying protocols and that Custodian Trust Company makes no guarantee of their functionality, security, or availability; and (ii) the underlying protocols are subject to sudden changes in operating rules (a.k.a. “forks”), and (iii) that such forks may materially affect the value, function, and/or even the name of the Digital Assets that Client stores in Client’s Custodial Account. In the event of a fork, Client agrees that Custodian Trust Company may temporarily suspend Custodian Trust Company operations with respect to the affected Digital Assets (with or without advance notice to Client) and that Custodian Trust Company may, in its sole discretion, decide whether or not to support (or cease supporting) either branch of the forked protocol entirely. Client acknowledges and agrees that Cxxxxxxxx Trust Company assumes absolutely no liability whatsoever in respect of an unsupported branch of a forked protocol or its determination whether or not to support a forked protocol.
(bB) Client agrees that all “airdrops” (free distributions of certain Digital Assets) and forks will be handled by Custodian Trust Company pursuant to its fork policy (the “Fork Policy”) (currently available at wxx.xxxxx.xxx/xxxxxxxxx/xxxxx-xxxx-xxxxxxxxx.xxxxx.xxx/xxxxxxxxx/xxxxx-xxxx-xxxxxx). Client acknowledges that Custodian Trust Company is under no obligation to support any airdrops or forks, or handle them in any manner, except as detailed above and in the Fork Policy. Client further acknowledges that CustodianTrust Company, at its sole discretion, may update the Fork Policy from time to time and/or the URL at which and post it is available on Trust Company’s website and Client agrees that Client is responsible for reviewing any such updates. Client is under no obligation to provide notification to Client of any modification to the Fork Policy.
Appears in 3 contracts
Samples: Custodial Services Agreement (Akerna Corp.), Custodial Services Agreement (INX LTD), Custodial Services Agreement
Operation of Digital Asset Protocols. (a) Custodian SAFE does not own or control the underlying software protocols which that govern the operation of Digital Assets supported on the Custodian SAFE platform. By using the Custodial Services, Client acknowledges and agrees that (i) Custodian SAFE is not responsible for operation of the underlying protocols and that Custodian SAFE makes no guarantee of their functionality, security, or availability; and (ii) the underlying protocols are subject to sudden changes in operating rules (a.k.a. “forks”), and (iii) that such forks may materially affect the value, function, and/or even the name of the Digital Assets that Client stores in Client’s Custodial Account. In the event of a fork, Client agrees that Custodian SAFE may temporarily suspend Custodian SAFE operations with respect to the affected Digital Assets (with or without advance notice to Client) and that Custodian SAFE may, in its sole discretion, decide whether or not to support (or cease supporting) either branch of the forked protocol entirely. Client acknowledges and agrees that Cxxxxxxxx SAFE assumes absolutely no liability whatsoever in respect of an unsupported branch of a forked protocol or its determination whether or not to support a forked protocol.
(b) . Client agrees that all “airdrops” (free distributions of certain Digital Assets) and forks will be handled by Custodian SAFE pursuant to its fork policy as set forth in the Terms of Service (the “Fork Policy”) (currently available at wxx.xxxxx.xxx/xxxxxxxxx/xxxxx-xxxx-xxxxxx). Client acknowledges that Custodian SAFE is under no obligation to support any airdrops or forks, or handle them in any manner, except as detailed above and in the Fork Policy. Client further acknowledges that CustodianSAFE, at its sole discretion, may update the Fork Policy from time to time and/or the URL at which and post it is available on SAFE’s website or otherwise communicate to Client and Client agrees that Client is responsible for reviewing any such updates. Client is under no obligation to provide notification to Client of any modification to the Fork Policy.
Appears in 1 contract
Samples: Custodial Services Agreement
Operation of Digital Asset Protocols. (a) Custodian does not own or control the underlying software protocols which govern the operation of Digital Assets supported on the Custodian platform. By using the Custodial Services, Client acknowledges and agrees that (i) Custodian is not responsible for operation of the underlying protocols and that Custodian makes no guarantee of their functionality, security, or availability; and (ii) the underlying protocols are subject to sudden changes in operating rules (a.k.a. “forks”), and (iii) that such forks may materially affect the value, function, and/or even the name of the Digital Assets that Client stores in Client’s Custodial Account. In the event of a fork, Client agrees that Custodian may temporarily suspend Custodian operations with respect to the affected Digital Assets (with or without advance notice to Client) and that Custodian may, in its sole discretion, decide whether or not to support (or cease supporting) either branch of the forked protocol entirely. Client acknowledges and agrees that Cxxxxxxxx Xxxxxxxxx assumes absolutely no liability whatsoever in respect of an unsupported branch of a forked protocol or its determination whether or not to support a forked protocol.
(b) Client agrees that all “airdrops” (free distributions of certain Digital Assets) and forks will be handled by Custodian pursuant to its fork policy (the “Fork Policy”) (currently available at wxx.xxxxx.xxx/xxxxxxxxx/xxxxx-xxxx-xxxxxxxxx.xxxxx.xxx/xxxxxxxxx/xxxxx-xxxx-xxxxxx). Client acknowledges that Custodian is under no obligation to support any airdrops or forks, or handle them in any manner, except as detailed above and in the Fork Policy. Client further acknowledges that Custodian, at its sole discretion, may update the Fork Policy from time to time and/or the URL at which it is available and Client agrees that Client is responsible for reviewing any such updates. Client is under no obligation to provide notification to Client of any modification to the Fork Policy.
Appears in 1 contract
Samples: Custodial Services Agreement (Robert Ventures Holdings LLC)
Operation of Digital Asset Protocols. (aA) Custodian Trust Company does not own or control the underlying software protocols which govern the operation of Digital Assets supported on the Custodian Trust Company platform. By using the Custodial Services, Client acknowledges and agrees that (i) Custodian Trust Company is not responsible for operation of the underlying protocols and that Custodian Trust Company makes no guarantee of their functionality, security, or availability; and (ii) the underlying protocols are subject to sudden changes in operating rules (a.k.a. “forks”), and (iii) that t such forks may materially affect the value, function, and/or even the name of the Digital Assets that Client stores in Client’s Custodial Account. In the event of a fork, Client agrees that Custodian Company may temporarily suspend Custodian Trust Company operations with respect to the affected Digital Assets (with or without advance notice to Client) and that Custodian Trust Company may, in its sole discretion, decide whether or not to support (or cease supporting) either branch of the forked protocol entirely. Client acknowledges and agrees that Cxxxxxxxx Trust Company assumes absolutely no liability whatsoever in respect of an unsupported branch of a forked protocol or its determination whether or not to support a forked protocol.
(bB) Client agrees that all “airdrops” (free distributions of certain Digital Assets) and forks will be handled by Custodian pursuant to its fork policy (the “Fork Policy”) (currently available at wxx.xxxxx.xxx/xxxxxxxxx/xxxxx-xxxx-xxxxxxxxx.xxxxx.xxx/xxxxxxxxx/xxxxx-xxxx-xxxxxx). Client acknowledges that Custodian Trust Company is under no obligation to support any airdrops or forks, or handle them in any manner, except as detailed above and in the Fork Policy. Client further acknowledges that CustodianTrust Company, at its sole discretion, may update the Fork Policy from time to time and/or the URL at which and post it is available and Client agrees that Client is responsible for reviewing any such on Trust updates. Client is under no obligation to provide notification to Client of any modification to the Fork Policy.
Appears in 1 contract
Samples: Custodial Services Agreement