Common use of Risk of Loss of Private Keys Clause in Contracts

Risk of Loss of Private Keys. The Tokens may be held by token holder in his digital wallet or vault, which requires a private key, or a combination of private keys, for access. Accordingly, loss of requisite private keys associated with such token holder’s digital wallet or vault storing the Tokens will result in loss of such Tokens, access to token holder’s Token balance and/or any initial balances in blockchains created by third parties. Moreover, any third party that gains access to such private keys, including by gaining access to login credentials of a hosted wallet or vault service the token holder uses, may be able to misappropriate the token holder’s Tokens.

Appears in 3 contracts

Sources: Agreement of Sale of Tokens, Token Agreement, Token Sale Agreement

Risk of Loss of Private Keys. The Tokens may be held by token holder in his digital wallet or vault, which requires a private key, or a combination of private keys, for access. Accordingly, loss of requisite private keys associated with such token holder’s digital wallet or vault storing the Tokens will result in loss of such Tokens, access to token holder’s Token balance balance, and/or any initial balances in blockchains created by third parties. Moreover, any third party that gains access to such private keys, including by gaining access to login credentials of a hosted wallet or vault service the token holder uses, may be able to misappropriate the token holder’s Tokens.

Appears in 1 contract

Sources: Tokens Purchase Agreement

Risk of Loss of Private Keys. The Tokens may be held by token a Token holder in his digital wallet or vault, which requires a private key, or a combination of private keys, for access. Accordingly, loss of requisite private keys associated with such token Token holder’s digital wallet or vault storing the Tokens will result in loss of such Tokens, access to token holder’s his Token balance and/or any initial balances in blockchains created by third parties. Moreover, any third party that gains access to such private keys, including by gaining access to login credentials of a hosted wallet or vault service which the token Token holder uses, may be able to misappropriate the token Token holder’s Tokens.

Appears in 1 contract

Sources: Token Sale Agreement

Risk of Loss of Private Keys. The Tokens may be held by token holder in his digital wallet or vault, which requires a private key, or a combination of private keys, for access. Accordingly, loss of requisite private keys associated with such token holder’s digital wallet or vault storing the Tokens will result in loss of such Tokens, access to token holder’s Token balance and/or any initial balances in blockchains created by third parties. Moreover, any third party that gains access to such private keys, including by gaining access to login credentials of a hosted wallet or vault service the token holder uses, may be able to misappropriate the token holder’s Tokens.

Appears in 1 contract

Sources: Token Sale Agreement

Risk of Loss of Private Keys. The The​ Tokens may be held by token a Token holder in his digital wallet or vault, which requires a private key, or a combination of private keys, for access. Accordingly, loss of requisite private keys associated with such token Token holder’s digital wallet or vault storing the Tokens will result in loss of such Tokens, access to token holder’s his Token balance and/or any initial balances in blockchains created by third parties. Moreover, any third party that gains access to such private keys, including by gaining access to login credentials of a hosted wallet or vault service which the token Token holder uses, may be able to misappropriate the token holder’s Token holder’s​​ Tokens.

Appears in 1 contract

Sources: Token Sale Agreement