Common use of Standing Order Clause in Contracts

Standing Order. a) During the duration of your storage, you may issue a Standing Order instructing us to initiate a regular withdrawal of a Digital Asset from any of your Digital Asset Deposit Address(es) to a particular Digital Asset Release Address you have provided. b) For Standing Order(s) with an instruction to convert the withdrawn Digital Asset into fiat, you agree that the conversion will be processed based on the timing and pricing reference specified on the relevant Standing Order(s). c) You further agree that Standing Order(s) shall continue to be effective until its validity period lapses (in accordance with the Standing Order), is revoked by the Hirer, superseded by a new Standing Order, or when the registered linked bank account or the registered linked digital asset address used in the Standing Order is changed by the Hirer in accordance with our procedures.

Appears in 2 contracts

Sources: Crypto Storage Agreement, Crypto Storage Agreement