Common use of Initial Fees Clause in Contracts

Initial Fees. An initial setup of fee equal to [**] dollars ($[**]) per machine that will be set up (the “Initial Setup Fee”) shall be due and payable upon execution of this Agreement, and installation of the Equipment will not begin until the Initial Setup Fee is received. An initial deposit equal to [**] of monthly service fee (the “Initial Deposit”) shall be due and payable when the first [**]% of contracted capacity is available at the Facility and fully operational to provide the Services. And the other [**]% of contracted capacity will be available within two months. All the capacity will be ready before 29 April, 2022. The initial deposit can be used to deduct the monthly fee of the last month. Upon receipt of the Initial Deposit by APLD, Customer agrees to deploy the Equipment at the Facility. The Initial Setup Fee and Initial Deposit are non-transferrable under any circumstance and are refundable only to the extent that all of Customer’s obligations under this Agreement have been fully satisfied.