Vault and Private Keys Sample Clauses

Vault and Private Keys. You may elect to use the Monarch Vault to store supported Digital Currency. The Monarch Vault allows users to set withdrawal time-delays and/or to require the electronic approval of multiple individuals designated by the user before transfers may be completed. Monarch also offers an advanced Vault which allows users the option to view, control, and distribute private keys of associated Digital Currency to multiple third parties whose majority approval will be required to transfer associated Digital Currency (the "Multisig Vault"). Monarch does not retain or store private keys. Monarch cannot restore encrypted private keys or otherwise recover private keys which are not within Monarch’s control. If you use the Multisig Vault you acknowledge that Monarch is not responsible for transferring, safeguarding, or maintaining private keys and/or Digital Currency associated with the Vault. If you and/or co-signing authorities lose, mishandle, or have stolen associated Digital Currency private keys, or if your cosigners refuse to provide requisite authority, you acknowledge that you may not be able to recover associated Digital Currency, and that Monarch is not responsible for such loss.
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