Examples of Unsecured Account in a sentence
The Borrower shall not withdraw any Bitcoin (BTC) from the Unsecured Account unless the Borrower provides evidence reasonably satisfactory to the Lender that the purpose of such withdrawal is either (i) in connection with a pledge of such Bitcoin (BTC) in connection with a BTC Financing or (ii) to settle a sale transaction in respect of such Bitcoin (BTC) (a “Permitted Withdrawal”).
Notwithstanding any provision of this Agreement, any other Loan Document or any other agreement between the Borrower and the Lender to the contrary, the Lender hereby irrevocably waives any and all rights it may have to exercise, claim or plead any right of set-off or retention against amounts held in the Unsecured Account in respect of any amount owed to it by the Borrower under the Loan Documents.