Source of Funds; Destination of Proceeds Sample Clauses

Source of Funds; Destination of Proceeds. Xxxx Xxxx and XXXX only authorize Cryptocurrency Transactions using funds maintained: (1) if you are accessing the Services via the Platform, in your Business Account, or (2) if you are accessing via the Zero Hash System, present in your Zero Hash Account. You understand and acknowledge that you are not allowed to use funds that are not owned by you to enter into Cryptocurrency Transactions, and that you are not authorized to enter into Cryptocurrency Transactions on behalf of any third-party. You hereby represent and warrant that all funds used by you to enter into Cryptocurrency Transactions (presently and in the future) are owned by you and are not the direct or indirect proceeds of any criminal or fraudulent activity. In all instances, you are responsible for the full amount owed for Cryptocurrency Transactions entered by you on the Platform or the Zero Hash System. You understand and acknowledge that any proceeds from the sale of cryptocurrency shall be returned to your Business Account (or another account (previously communicated to and approved by Zero Hash) if you do not have an applicable Business Account, including an Account you have funded directly with Zero Hash), and that you will not have the option to transfer proceeds to any other fiat account, including any account that you own. Fiat withdrawals from your Business Account shall be covered in your agreement(s) with Business (if applicable). If you do not have an applicable Business Account and you access your Account through the Zero Hash System, fiat withdrawals are covered in Section 10.5 below.
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Source of Funds; Destination of Proceeds. Apex Crypto only authorizes the purchase of cryptocurrency using non-margined funds maintained in your Brokerage Account. You understand and acknowledge that you are not allowed to use funds that are not owned by you to enter into Cryptocurrency Transactions, and that you are not authorized to enter into Cryptocurrency Transactions on behalf of any third party. You hereby represent and warrant that all funds used by you to enter into Cryptocurrency Transactions (presently and in the future) are owned by you and are not the direct or indirect proceeds of any criminal or fraudulent activity. You understand and acknowledge that any proceeds from the sale of cryptocurrency shall be returned to your Brokerage Account, and that you will not have the option to transfer proceeds to any other account, including an account that you own.
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Source of Funds; Destination of Proceeds. Currency Com only authorizes the Cryptocurrency Transactions using funds maintained in your Account. You understand and acknowledge that you are not allowed to use funds that are not owned by you to engage in Cryptocurrency Transactions, and that you are not authorized to engage in Cryptocurrency Transactions on behalf of any third party. You hereby represent and warrant that all funds used by you to engage in Cryptocurrency Transactions (presently and in the future) are owned by you and are not the direct or indirect proceeds of any criminal or fraudulent activity.
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Source of Funds; Destination of Proceeds. Zero Hash only authorizes Cryptocurrency Transactions to sell or transfer cryptocurrency using cryptocurrency in your Zero Hash Account. You understand and acknowledge that you are not allowed to use funds that are not owned by you to enter into Cryptocurrency Transactions, and that you are not authorized to enter into Cryptocurrency Transactions on behalf of any third-party. You hereby represent and warrant that all funds used by you to enter into Cryptocurrency Transactions (presently and in the future) are owned by you and are not the direct or indirect proceeds of any criminal or fraudulent activity. In all instances, you are responsible for the full amount owed for Cryptocurrency Transactions entered by you on the Platform. You understand and acknowledge that any proceeds from the sale of cryptocurrency shall be returned to your Business Account, and that you will not have the option to transfer proceeds to any other fiat account, including any account that you own. Fiat withdrawals from your Business Account shall be covered in your agreement(s) with Business.
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Source of Funds; Destination of Proceeds. Xxxx Xxxx only authorizes the funding of Transactions using the method enabled by the Platform or Zero Hash System, as applicable, which may include, but is not limited to, using funds maintained in your Zero Hash Account or via ACH Transfers. You understand and acknowledge that you are not allowed to use funds that are not owned by you to enter into Transactions, and that you are not authorized to enter into Transactions on behalf of any third-party. You hereby represent and warrant that all funds used by you to enter into Transactions (presently and in the future) are owned by you and are not the direct or indirect proceeds of any criminal or fraudulent activity. In all instances, you are responsible for the full amount owed for Transactions entered by you on the Platform or the Zero Hash System. You understand and acknowledge that any request to transfer funds in your Account back to you, including proceeds from sell Transactions (if applicable), shall be returned to your account previously communicated to and approved by Zero Hash, and that you will not have the option to transfer funds to any other fiat account, including any account that you own. Withdrawals of fiat funds are covered in Section 9 below.
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Source of Funds; Destination of Proceeds. You understand and acknowledge that you are not allowed to use funds that are not owned by you to engage in Transactions, and that you are not authorized to engage in Transactions on behalf of any third-party. You hereby represent and warrant that all funds used by you to engage in Transactions (presently and in the future) are owned by you and are not the direct or indirect proceeds of any criminal or fraudulent activity.
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Source of Funds; Destination of Proceeds. Zero Hash and its affiliates only authorize Cryptocurrency Transactions using funds maintained: (1) if you are accessing the Services via the Platform, in your Business Account, or (2) if you are accessing via the Zero Hash System, present in your Zero Hash Account. You understand and acknowledge that you are not allowed to use funds that are not owned by you to enter into Cryptocurrency Transactions, and that you are not authorized to enter into Cryptocurrency Transactions on behalf of any third-party. You hereby represent and warrant that all funds used by you to enter into Cryptocurrency Transactions (presently and in the future) are owned by you and
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Related to Source of Funds; Destination of Proceeds

  • Application of Proceeds Subject to the terms of the First Lien Intercreditor Agreement and the Second Lien Intercreditor Agreement, in each case, if executed, any amount received by the Administrative Agent or the Collateral Agent from any Credit Party (or from proceeds of any Collateral) following any acceleration of the Obligations under this Agreement or any Event of Default with respect to the Borrower under Section 11.4 shall be applied: (i) first, to the payment of all reasonable and documented costs and expenses incurred by the Administrative Agent or the Collateral Agent in connection with any collection or sale of the Collateral or otherwise in connection with any Credit Document, including all court costs and the reasonable fees and expenses of its agents and legal counsel, the repayment of all advances made by the Administrative Agent or the Collateral Agent hereunder or under any other Credit Document on behalf of any Credit Party and any other reasonable and documented costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Credit Document to the extent reimbursable hereunder or thereunder; (ii) second, to the Secured Parties, an amount (x) equal to all Obligations owing to them on the date of any distribution and (y) sufficient to Cash Collateralize all Letters of Credit Outstanding on the date of any distribution, and, if such moneys shall be insufficient to pay such amounts in full and Cash Collateralize all Letters of Credit Outstanding, then ratably (without priority of any one over any other) to such Secured Parties in proportion to the unpaid amounts thereof and to Cash Collateralize the Letters of Credit Outstanding; and (iii) third, any surplus then remaining shall be paid to the applicable Credit Parties or their successors or assigns or to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct; provided that any amount applied to Cash Collateralize any Letters of Credit Outstanding that has not been applied to reimburse the Borrower for Unpaid Drawings under the applicable Letters of Credit at the time of expiration of all such Letters of Credit shall be applied by the Administrative Agent in the order specified in clauses (i) through (iii) above. Notwithstanding the foregoing, amounts received from any Guarantor that is not an “Eligible Contract Participant” (as defined in the Commodity Exchange Act) shall not be applied to its Obligations that are Excluded Swap Obligations.

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