Mining Equipment Clause Samples

Mining Equipment. Until such time as the Optionee shall earn its interest in the Property, all buildings, plant, machinery, equipment, tools, appliances or supplies, shall be owned by the Optionee or its assigns, unless provided by a third party as contract Operator, and may be removed by the Optionee upon termination of this Option, if not earned. Upon earning, all buildings, plant, machinery, equipment, tools, appliances or supplies, shall be owned by the Optionor and Optionee collectively in relation to their respective ownership percentages and shall only be removed with the mutual consent of the Parties.

Mining Equipment. Cause all mining equipment, once put into use or otherwise operational, to remain operational and fully utilized at its rated “hash rate” and “rated power” at all times, subject to normal breakdown events, maintenance and repair. Such mining equipment shall not constitute, and the Loan Parties shall ensure that it shall not constitute, real property or fixtures and the parties agree that such mining equipment is and shall be removable from, and is not essential to, the premises where such mining equipment is located. In addition to the foregoing, the Loan Parties agree to (a) provide Agent with (a) API (Application Programming Interface) and/or read access to the Loan Parties’ Bitcoin or other Cryptocurrency mining pool account or similar arrangement that shows the status and hash rate of the applicable mining equipment, and (b) account access to Borrower’s Bitcoin or other Cryptocurrency exchange or brokerage account, which provides transaction details including Bitcoin or Cryptocurrency revenue and trades. Agent (acting at the direction of the Required Lenders) will have the right to approve, in its reasonable discretion, any mining pool, exchange or brokerage account and applicable Wallets to be utilized by the Loan Parties.

Mining Equipment. Customer shall ensure that substantially all Mining Equipment delivered by it to Service Provider is rated at 96 terahash or above, is in good working order and suitable for use in the Facility. It is understood that Customer is responsible for any costs associated with repair of Mining Equipment received in non-working order including labor and parts. Service Provider is not responsible in any way for installation delays or loss of profits as a result of Mining Equipment Service Provider deems not to be in good working order.

Mining Equipment. Blockware agrees to sell, and Customer agrees to purchase, the type, quantity, purchase price, delivery dates and delivery location of the Mining Equipment specified on each purchase order contract (each such form, a “Purchase Order”), a copy of which is attached and incorporated hereto as Exhibit A to this Master Agreement. Blockware will not sell any goods other than the Mining Equipment described in a Purchaser Order.

Mining Equipment. Contemporaneously with the Closing and without further action being required, a closing will occur with respect to the agreement annexed hereto as Exhibit E (the “Mining Equipment Agreement”) pursuant to which C▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇. will receive 29,000,000 shares of Common Stock in exchange for the assets described on Schedule A to the Mining Equipment Agreement. Such shares of Common Stock will represent approximately 59% of the Company’s outstanding Common Stock as of the Closing Date.

Mining Equipment. Customer shall ensure that substantially all Customer Equipment delivered by it to Service Provider is in good working order and suitable for use in the Facility. It is understood that Customer is responsible for any costs associated with repair of Customer Equipment received in non-working order including labor and parts, subject to Customer’s prior written approval of any such costs. Service Provider is not responsible in any way for installation delays or loss of profits as a result of Customer Equipment that is not in good working order upon delivery to the Facility.

Mining Equipment. Customer is solely responsible for delivering all Mining Units in good working order and the equipment necessary to operate such Mining Units to utilize up to 20 MW of energy capacity, including hash boards, controller boards, case assembly, fans, and power units to Service Provider’s Facility. Customer shall deliver, or cause to be delivered, the Mining Equipment to Service Provider’s Facility within thirty (30) days of the Effective Date at its own cost and expense.

Mining Equipment. Unico shall be entitled to use Crown Mines' on-site equipment, consisting of air pumps, ore cars, electrical stations, compressors, duct works, fans, trams, rails, hoists, excavating equipment and other equipment in the mine or located on the mining claims comprising the leased premises and shall upon termination of the Lease, return such Equipment to Crown Mines in as good a condition as received reasonable wear and tear excepted. Unico shall conduct all maintenance and repair of such equipment during the term of the lease. Unico agrees not to remove such on site equipment from the leased premises.

Mining Equipment. Unico shall be entitled to use Deer Trail's on site equipment, consisting of air pumps, ore cars, electrical stations, compressors, duct works, fans, trams, rails, hoists, excavating equipment and other equipment in the mine or located on the mining claims comprising the leased premises and shall upon termination of the lease, return such equipment to Deer Trail in as good a condition as received, reasonable wear and tear excepted. Unico shall conduct all maintenance and repair of such equipment during the term of the lease. Unico agrees not to remove such on site equipment from the leased premises.