Common use of DEALING OR USAGE OF TRADE Clause in Contracts

DEALING OR USAGE OF TRADE. The Parties further acknowledge and agree that Anchorage has no obligation to inquire into, and shall not be liable for any damages or other liabilities or harm to any person or entity relating to: (i) (i) the authority of any Authorized Person to act on behalf of the Client with respect to a Digital Asset; (ii) the accuracy or completeness of any Client Data or information provided by Client or any Authorized Person with respect to a Digital Asset or Direction; or (iii) the collectability, insurability, effectiveness, marketability or suitability of any Digital Asset. Client additionally understands and agrees that Anchorage will follow the Directions from Client.

Appears in 2 contracts

Sources: Master Custody Service Agreement (Grayscale Bitcoin Trust ETF), Master Custody Service Agreement (Grayscale Ethereum Trust ETF)