Common use of Inventory Audit Clause in Contracts

Inventory Audit. NORTHSTAR shall be entitled to conduct inventory audits of the Hosted Servers regularly or occasionally, and Service Provider shall provide assistance and convenience accordingly. If the result of the inventory audit does not match the information as stipulated in APPENDIX I, Service Provider shall assist NORTHSTAR to discover the reasons. If any Hosted Server is lost, Service Provider shall indemnify NORTHSTAR against its losses arising therefrom based on the fair market value of such Hosted Server.

Appears in 8 contracts

Sources: Hosting Services Agreement (BlockchAIn Digital Infrastructure, Inc.), Hosting Services Agreement (BlockchAIn Digital Infrastructure, Inc.), Hosting Services Agreement (BlockchAIn Digital Infrastructure, Inc.)