Common use of Security Credentials Clause in Contracts

Security Credentials. It is Counterparty’s sole responsibility to control, monitor, and restrict the methods it uses to access the System (“Access Methods”), including without limitation, all passwords and security devices. Counterparty shall be bound by all instructions communicated to the Trading System using Counterparty’s Access Methods, and BitGo Prime shall have no obligation to verify whether any such instruction has been duly authorized. If Counterparty learns that its Access Methods may have been compromised, Counterparty shall immediately notify BitGo Prime. Counterparty shall be responsible for any instructions sent using Counterparty’s Access Methods until Counterparty notifies BitGo Prime and BitGo Prime has disabled the compromised Access Methods.

Appears in 6 contracts

Sources: Custodial Services Agreement (Canary XRP ETF), Custodial Services Agreement (Canary SUI ETF), Custodial Services Agreement (Canary Marinade Solana ETF)

Security Credentials. It is Counterparty’s 's sole responsibility to control, monitor, and restrict the methods it uses to access the System ("Access Methods"), including without limitation, all passwords and security devices. Counterparty shall be bound by all instructions communicated to the Trading System using Counterparty’s 's Access Methods, and BitGo Prime shall have no obligation to verify whether any such instruction has been duly authorized. If Counterparty learns that its Access Methods may have been compromised, Counterparty shall immediately notify BitGo Prime. Counterparty shall be responsible for any instructions sent using Counterparty’s 's Access Methods until Counterparty notifies BitGo Prime and BitGo Prime has disabled the compromised Access Methods.

Appears in 1 contract

Sources: Master Purchase Agreement (DevvStream Corp.)