Common use of Withdrawal of Funds Clause in Contracts

Withdrawal of Funds. If you want to withdraw the value of Cryptocurrencies from your Cryptocurrencies Hub you will need to Sell your Cryptocurrencies and withdraw the proceeds from their Sale (which will be an electronic money balance in your PayPal Account) by transferring them to your nominated funding source linked to your PayPal Account, as we may allow from time to time. Further details are available in the PayPal User Agreement in the section “Withdrawing money”. PAYPAL SUSPENDING OR STOPPING ACCESS TO YOUR CRYPTOCURRENCIES HUB Your access to your Cryptocurrencies Hub will also be suspended or terminated if we suspend or terminate your PayPal Account pursuant to the PayPal User Agreement. If your Cryptocurrencies Hub is suspended, you will not be able to Buy or Sell the Cryptocurrencies in your Cryptocurrencies Hub and they may fluctuate in value. We are not liable for any losses you may incur (and not entitled to any gains you make) as a result of those fluctuations. If we suspend or terminate your access to your Cryptocurrencies Hub, and it Holds Cryptocurrencies, you authorise us, in our discretion and at any time, to liquidate the Cryptocurrencies in your Cryptocurrencies Hub into pounds sterling at the price that would otherwise apply to the Sale of Cryptocurrencies, or another price determined by PayPal in its reasonable discretion. You understand that the value of Cryptocurrencies may rise or fall quickly and that we have no obligation to Sell at a time that provides the best price for you. While PayPal will immediately notify you that your account has been closed, regardless of how quickly we Sell your Cryptocurrencies, we have no obligation to give you notice before we Sell. If we liquidate your Cryptocurrencies, we will credit any unrestricted funds to your PayPal Account and these funds will constitute electronic money in your PayPal Account. There may be tax consequences and tax reporting obligations for you from any gain or loss of income you incur if we liquidate your Cryptocurrencies. It is your responsibility to comply with your obligations in respect of notifying or making filings/submissions to HMRC and/or other tax authorities in another jurisdiction and paying the relevant taxes.

Withdrawal of Funds. If you want to withdraw the value of Cryptocurrencies from your Cryptocurrencies Hub you will need to Sell your Cryptocurrencies and withdraw the proceeds from their Sale (which will be an electronic money balance in your PayPal Account) by transferring them to your nominated funding source linked to your PayPal Account, as we may allow from time to time. Further details are available in the PayPal User Agreement in the section “Withdrawing money”. PAYPAL SUSPENDING OR STOPPING ACCESS TO YOUR CRYPTOCURRENCIES HUB Your access to your Cryptocurrencies Hub will also be suspended or terminated if we suspend or terminate your PayPal Account pursuant to the PayPal User Agreement. If your Cryptocurrencies Hub is suspended, you will not be able to Buy or Cryptocurrencies. For certain types of suspensions, you may not be able to Sell the Cryptocurrencies in your Cryptocurrencies Hub and they may fluctuate in value. We are not liable for any losses you may incur (and not entitled to any gains you make) as a result of those fluctuations. If we suspend or terminate your access to your Cryptocurrencies Hub, and it Holds Cryptocurrencies, you authorise us, in our reasonable discretion and at any time, to liquidate the Cryptocurrencies in your Cryptocurrencies Hub into pounds sterling euro at the price that would otherwise apply to the Sale of Cryptocurrencies, or another reasonable price determined by PayPal in its reasonable discretion. You understand that the value of Cryptocurrencies may rise or fall quickly and that we have no obligation to Sell at a time that provides the best price for you. While PayPal will immediately notify you that your account has been closed, regardless of how quickly we Sell your Cryptocurrencies, we have no obligation to give you notice before we Sell. If we liquidate your Cryptocurrencies, we will credit any unrestricted funds to your PayPal Account and these funds will constitute electronic money in your PayPal Account. There may be tax consequences and tax reporting obligations for you from any gain or loss of income you incur if we liquidate your Cryptocurrencies. It is your responsibility to comply with country and local tax laws and your obligations in respect of notifying or making filings/submissions to HMRC Luxembourg’s Tax Authorities and/or other tax authorities in another jurisdiction other jurisdictions and paying the relevant taxes.

Withdrawal of Funds. If you want to withdraw the value of Cryptocurrencies from your Cryptocurrencies Hub you will need to Sell your Cryptocurrencies and withdraw the proceeds from their Sale (which will be an electronic money balance in your PayPal Account) by transferring them to your nominated funding source linked to your PayPal Account, as we may allow from time to time. Further details are available in the PayPal User Agreement in the section “Withdrawing money”. PAYPAL SUSPENDING OR STOPPING ACCESS TO YOUR CRYPTOCURRENCIES HUB Your access to your Cryptocurrencies Hub will also be suspended or terminated if we suspend or terminate your PayPal Account pursuant to the PayPal User Agreement. If your Cryptocurrencies Hub is suspended, you will not be able to Buy or Sell the Cryptocurrencies in your Cryptocurrencies Hub and they may fluctuate in value. We are not liable for any losses you may incur (and not entitled to any gains you make) as a result of those fluctuations. Where possible, we will give you notice prior to suspending or terminating your access to your Cryptocurrencies Hub. It may not be possible to give notice in all circumstances, and we may take the actions in this section without notice where we reasonably consider this is required. If we suspend or terminate your access to your Cryptocurrencies Hub, and it Holds Cryptocurrencies, you authorise us, in our reasonable discretion and at any time, to liquidate the Cryptocurrencies in your Cryptocurrencies Hub into pounds sterling at the price that would otherwise apply to the Sale of Cryptocurrencies, or another price determined by PayPal in its reasonable discretion. You understand that the value of Cryptocurrencies may rise or fall quickly and that we have no obligation to Sell at a time that provides the best price for you. While PayPal will immediately notify you that your account has been closed, regardless of how quickly we Sell your Cryptocurrencies, we have no obligation to give you notice before we Sell. If we liquidate your Cryptocurrencies, we will credit any unrestricted funds to your PayPal Account and these funds will constitute electronic money in your PayPal Account. There may be tax consequences and tax reporting obligations for you from any gain or loss of income you incur if we liquidate your Cryptocurrencies. It is your responsibility to comply with your obligations in respect of notifying or making filings/submissions to HMRC and/or other tax authorities in another jurisdiction and paying the relevant taxes.