Common use of Risk of Uninsured Losses Clause in Contracts

Risk of Uninsured Losses. Unlike bank accounts or accounts at some other financial institutions, Tokens are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by us, to offer recourse to you.

Appears in 5 contracts

Samples: Token Sale Agreement, Token Sale Agreement, Token Sale Agreement

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Risk of Uninsured Losses. Unlike bank accounts or accounts at some other financial institutions, Tokens are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer insurer, such as the Federal Deposit Insurance Corporation, or private insurance arranged by usCompany, to offer recourse to you.

Appears in 4 contracts

Samples: Token Pre Sale Agreement, Token Pre Sale Agreement, Token Sale Agreement

Risk of Uninsured Losses. Unlike bank accounts or accounts at some other financial institutions, Tokens are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer insurer, such as the Federal Deposit Insurance Corporation, or private insurance arranged by us, to offer recourse to you.

Appears in 3 contracts

Samples: Token Sale Agreement, Token Presale Agreement, Token Pre Sale Agreement

Risk of Uninsured Losses. Unlike unlike bank accounts or accounts at some other financial institutions, Tokens are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by us, to offer recourse to you.

Appears in 2 contracts

Samples: Contribution Terms, Contribution Terms

Risk of Uninsured Losses. Unlike bank accounts or accounts at some other financial institutions, XXXXX Tokens are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by us, to offer recourse to you.

Appears in 2 contracts

Samples: Pre Order Agreement, Pre Order Agreement

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Risk of Uninsured Losses. Unlike bank accounts or accounts at some other financial institutions, Tokens are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by us, to offer recourse to you.

Appears in 2 contracts

Samples: Token Purchase Agreement, Agreement for Sale of Tokens

Risk of Uninsured Losses. Unlike bank accounts or accounts at some other financial institutions, Tokens are uninsured unless you Purchaser specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by usthe Company, to offer any recourse whatsoever to youPurchaser.

Appears in 1 contract

Samples: Private Token Purchase Commitment Agreement (Blockchain Industries, Inc.)

Risk of Uninsured Losses. Unlike bank accounts or accounts at some other financial institutions, Tokens are uninsured uninsured, unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by us, to offer recourse to you.

Appears in 1 contract

Samples: Token Sale Agreement

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