VOLUNTARY POWER-OFF Sample Clauses
VOLUNTARY POWER-OFF. 5.1. At any time when the applicable Hosting Unit Price is at the Minimum Hosting Unit Price, and if the ratio of the Hosting Fees to the Theoretical Hashrate PPS Income has remained at 90% or higher for a consecutive of 72 hours, NORTHSTAR shall be entitled to voluntarily power off any or all of the Hosted Servers in its sole discretion.
5.2. Any Power-off Server may remain on rack at the Data Center Facility for a period of fifteen (14) calendar days (exclusive of the first day on which such Power-off Server is powered off), during which period NORTHSTAR may at any time re-power on such Hosted Server in its sole discretion (the “Voluntary Power-off Period”). After such fifteen (14) calendar days, NORTHSTAR shall power up the Hosted Servers, or NORTHSTAR may unilaterally terminate this Agreement.
5.3. During the Voluntary Power-off Period:
A. NORTHSTAR shall not be liable to pay to Service Provider any fee, charges or expenses whatsoever, regardless whether there is a Minimum Power Commitment or not; and
B. If there is a Minimum Power Commitment, Service Provider may, in its sole discretion, power on any Power-off Servers to fulfill its obligation of the Minimum Power Commitment, provided that Service Provider shall be solely responsible for any cost and exchanges of operating the Power-off Hosted.
C. The Service Provider can request NORTHSTAR to continue to operate the mining machines. The Service Provider shall bear sole responsibility for all costs of mining machine operations, as well as for any damage to or loss of the mining machines, and shall be entitled to a eighty percent (80%) / twenty percent (20%) split of net mining revenue, with eighty percent (80%) allocated to the Service Provider and twenty percent (20%) to NORTHSTAR, after deduction of power bills and related operational expenses.
VOLUNTARY POWER-OFF. 3.1. In the event that the Actual Hosting Unit Price for any Billing Period has been adjusted to the Minimum Hosting Unit Price in accordance with Article 2.2 of APPENDIX I, and the Hosting Fee Ratio has remained at [Redacted] or higher for a consecutive of 24*14 hours in the subsequent Billing Period, Client shall be entitled to give reasonable advance notice to Service Provider to voluntarily power off any or all of the Hosted Servers.
3.2. Any Power-off Server may remain on rack at the Data Center Facility for a period of fourteen (14) calendar days (exclusive of the first day on which such Power-off Server is powered off, the “Voluntary Power-off Period”), during which period Client shall be entitled to give reasonable advance notice to Service Provider to re-power on such Hosted Server. At the expiration of the Voluntary Power-off Period, the Parties shall negotiate in good faith to use commercially reasonable efforts to mitigate losses, including potential alternative proposals, the cost of implementation of which shall be borne by Client unless otherwise agreed by the Parties in writing.
3.3. During the Voluntary Power-off Period, Service Provider may, in its sole discretion, power on certain Power-off Servers to fulfill its obligation of the Minimum Power Commitment, the cost of which shall be borne by Client.
VOLUNTARY POWER-OFF. 4.2.2.1. Voluntary Power-Off Option: Client may choose to power off any or all Servers on-site at its sole discretion, provided that the Hosting Fee Ratio has reached [***]%, without any fees, charges, or expenses incurred during the Voluntary Power-Off Period, regardless of any minimum load standard commitment.