Common use of Recipient Acknowledgment Clause in Contracts

Recipient Acknowledgment. Recipient acknowledges and agrees that: a. XRP does not represent a right to make any demand on Ripple, b. ▇▇▇▇▇▇ has no obligation to redeem or exchange XRP for monetary value, goods, services or any other item; and c. ▇▇▇▇▇▇ is not responsible for any use by Recipient or any third party of any XRP that Ripple has delivered to Recipient under these XRP Terms and Conditions.

Appears in 3 contracts

Sources: Pay Out Support Provider Agreement (InFinT Acquisition Corp), Pay Out Support Provider Agreement (InFinT Acquisition Corp), Pay Out Support Provider Agreement (InFinT Acquisition Corp)