Common use of Return of Funds; Rejected Transactions Clause in Contracts

Return of Funds; Rejected Transactions. If the Offering does not close for any reason or a subscription is rejected by the Company, the Purchase Amount less any applicable transactions fees and gas cost and, in certain circumstances, less the Token Distribution Fee collected by Republic Core, will be returned to the Purchaser. Separately, the Company reserves the right to discontinue accepting any type of consideration in its sole discretion. If the Offering does not close for any reason or a subscription is rejected by the Company, or this Agreement is terminated pursuant to this Agreement, and if payment was made in the specifically approved cryptocurrency or digital assets, a refund of the Purchase Amount will be made in the cryptocurrency used for the original purchase using the applicable USD to cryptocurrency exchange rate in effect at the time the refund is sent, such refunds will be based upon the USD- denominated value of the Purchase Amount only, regardless of the type and amount of the approved cryptocurrency or digital assets paid, or any volatility in their prices, and subject to certain fees (i.e. the amount of cryptocurrency originally sent may vary from the amount of cryptocurrency refunded due to exchange rate variations). If a purchase is rejected for any reason, and if payment was made in the specifically approved cryptocurrency or digital assets, a refund of the Purchase Amount will be made in the cryptocurrency used for the original purchase using the applicable USD to cryptocurrency exchange rate in effect at the time the refund is sent, such refunds will be based upon the USD-denominated value of the Purchase Amount only, regardless of the type and amount of the approved cryptocurrency or digital assets paid, or any volatility in their prices, and subject to certain fees (i.e. the amount of cryptocurrency originally sent may vary from the amount of cryptocurrency refunded due to exchange rate variations). Gas fees or miner fees for refunds will be deducted from the amount of the refund sent. For the avoidance of doubt, Purchasers will not have the right to terminate this Agreement at any time. Gas costs and miner fees paid in the original subscription will not be refunded.

Appears in 2 contracts

Samples: Simple Agreement, Simple Agreement

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Return of Funds; Rejected Transactions. If the Offering does not close for any reason or a subscription or purchase is rejected by the Company, including because ODB was unable to verify the purchase and KYC of the Purchaser, the Purchase Amount less any applicable transactions fees and gas cost and, in certain circumstances, less the Token Distribution Fee collected by Republic Core, will be returned to the Purchaser. Separately, the Company reserves the right to discontinue accepting any type of consideration in its sole discretion. If Further, if the Offering does not close for any reason or a subscription is rejected by the Company, or this Agreement is terminated pursuant to this Agreement, and if payment was made in the specifically approved cryptocurrency or digital assets, a refund of the Purchase Amount will be made in the cryptocurrency used for the original purchase using the applicable USD to cryptocurrency exchange rate in effect at the time the refund is sent, such refunds will be based upon the USD- USD-denominated value of the Purchase Amount only, regardless of the type and amount of the approved cryptocurrency or digital assets paid, or any volatility in their prices, and subject to certain fees (i.e. the amount of cryptocurrency originally sent may vary from the amount of cryptocurrency refunded due to exchange rate variations). If a purchase is rejected for any reason, and if payment was made in the specifically approved cryptocurrency or digital assets, a refund of the Purchase Amount will be made in the cryptocurrency used for the original purchase using the applicable USD to cryptocurrency exchange rate in effect at the time the refund is sent, such refunds will be based upon the USD-denominated value of the Purchase Amount only, regardless of the type and amount of the approved cryptocurrency or digital assets paid, or any volatility in their prices, and subject to certain fees (i.e. the amount of cryptocurrency originally sent may vary from the amount of cryptocurrency refunded due to exchange rate variations). Gas fees or miner fees for refunds will be deducted from the amount of the refund sent. For the avoidance of doubt, Purchasers will not have the right to terminate this Agreement at any time. Gas costs and miner fees paid in the original subscription will not be refunded.

Appears in 2 contracts

Samples: Simple Agreement, Simple Agreement

Return of Funds; Rejected Transactions. If the Offering does not close for any reason or a subscription is rejected by the Company, the Purchase Amount less any applicable transactions transaction fees, gas costs and miner fees and gas cost and, in certain circumstances, less the Token Distribution Fee collected by Republic Core, will be returned to the Purchaser. Separately, the Company reserves the right to discontinue accepting any type of consideration in its sole discretion. If Further, if the Offering does not close for any reason or a subscription is rejected by the Company, or this Agreement is terminated pursuant to this Agreement, and if payment was made in the specifically approved cryptocurrency or digital assets, a refund of the Purchase Amount will be made in the cryptocurrency used for the original purchase using the applicable USD U.S. Dollar to cryptocurrency exchange rate in effect at the time the refund is sent, such refunds will be based upon the USD- U.S. Dollar-denominated value of the Purchase Amount only, regardless of the type and amount of the approved cryptocurrency or digital assets paid, or any volatility in their prices, and subject to certain fees prices (i.e. the amount of cryptocurrency originally sent may vary from the amount of cryptocurrency refunded due to exchange rate variations), and subject to certain fees. If a purchase is rejected for any reason, and if payment was made in the specifically approved cryptocurrency or digital assets, a refund of the Purchase Amount will be made in the cryptocurrency used for the original purchase using the applicable USD U.S. Dollar to cryptocurrency exchange rate in effect at the time the refund is sent, such refunds will be based upon the USDU.S. Dollar-denominated value of the Purchase Amount only, regardless of the type and amount of the approved cryptocurrency or digital assets paid, or any volatility in their prices, and subject to certain fees prices (i.e. the amount of cryptocurrency originally sent may vary from the amount of cryptocurrency refunded due to exchange rate variations), and subject to certain fees. Gas fees or and miner fees fees, as applicable, for refunds will be deducted from the amount of the refund sent. For the avoidance of doubt, Purchasers will not have the right to terminate this Agreement at any time. Gas costs and miner fees paid in the original subscription will not be refunded.

Appears in 1 contract

Samples: Simple Agreement

Return of Funds; Rejected Transactions. If the Offering does not close for any reason or a subscription is rejected by the Company, the Purchase Amount less any applicable transactions fees and gas cost and, in certain circumstances, less the Token Distribution Fee collected by Republic Core, will be returned to the Purchaser. Separately, the Company reserves the right to discontinue accepting any type of consideration in its sole discretion. If the Offering does not close for any reason or a subscription is rejected by the Company, or this the Agreement is terminated pursuant to Clause 9(o)(i),(ii) of this Agreement, and if payment was made in the specifically approved cryptocurrency or digital assets, a refund of the Purchase Amount will be made in the cryptocurrency used for the original purchase using the applicable USD to cryptocurrency exchange rate in effect at the time the refund is sent, such refunds will be based upon the USD- denominated value of the Purchase Amount only, regardless of the type and amount of the approved cryptocurrency or digital assets paid, or any volatility in their prices, and subject to certain fees (i.e. the amount of cryptocurrency originally sent may vary from the amount of cryptocurrency refunded due to exchange rate variations). If a purchase is rejected for any reason, and if payment was made in the specifically approved cryptocurrency or digital assets, a refund of the Purchase Amount price will be made in the cryptocurrency used for the original purchase using the applicable USD to cryptocurrency exchange rate in effect at the time the refund is sent, such refunds will be based upon the USD-denominated value of the Purchase Amount only, regardless of the type and amount of the approved cryptocurrency or digital assets paid, or any volatility in their prices, and subject to certain fees (i.e. the amount of cryptocurrency originally sent may vary from the amount of cryptocurrency refunded due to exchange rate variations). If a subscription is rejected for any reason, Republic Core does not guarantee that Token Distribution Fee will be returned to the Purchaser and Purchaser agrees to the forfeiture of the Token Distribution Fee in any and all events. Gas fees or miner fees for refunds will be deducted from the amount of the refund sent. For Purchasers in the avoidance of doubt, Purchasers Offering will not have the right to terminate this Agreement revoke their subscription at any time. Gas costs and miner fees paid in the original subscription will not be refunded.

Appears in 1 contract

Samples: Simple Agreement

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Return of Funds; Rejected Transactions. If the Offering does not close for any reason or a subscription is rejected by the Company, the Purchase Amount less any applicable transactions fees and gas cost and, in certain circumstances, less the Token Distribution Fee collected by Republic Core, will be returned to the Purchaser. Separately, the Company reserves the right to discontinue accepting any type of consideration in its sole discretion. If Further, if the Offering does not close for any reason or a subscription is rejected by the Company, or this Agreement is terminated pursuant to this Agreement, and if payment was made in the specifically approved cryptocurrency or digital assets, a refund of the Purchase Amount will be made in the cryptocurrency used for the original purchase using the applicable USD to cryptocurrency exchange rate in effect at the time the refund is sent, such refunds will be based upon the USD- USD-denominated value of the Purchase Amount only, regardless of the type and amount of the approved cryptocurrency or digital assets paid, or any volatility in their prices, and subject to certain fees (i.e. the amount of cryptocurrency originally sent may vary from the amount of cryptocurrency refunded due to exchange rate variations). If a purchase is rejected for any reason, and if payment was made in the specifically approved cryptocurrency or digital assets, a refund of the Purchase Amount will be made in the cryptocurrency used for the original purchase using the applicable USD to cryptocurrency exchange rate in effect at the time the refund is sent, such refunds will be based upon the USD-denominated value of the Purchase Amount only, regardless of the type and amount of the approved cryptocurrency or digital assets paid, or any volatility in their prices, and subject to certain fees (i.e. the amount of cryptocurrency originally sent may vary from the amount of cryptocurrency refunded due to exchange rate variations). Gas fees or miner fees for refunds will be deducted from the amount of the refund sent. For the avoidance of doubt, Purchasers will not have the right to terminate this Agreement at any time. Gas costs and miner fees paid in the original subscription will not be refunded.

Appears in 1 contract

Samples: Simple Agreement

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