Effective Costs definition
Examples of Effective Costs in a sentence
Customer’s Net Effective Costs are defined as the Total Electricity, Operations, and Performance Fees applied by the Service Provider.
As consideration for the services rendered by Manager in accordance with this Agreement, Tenant shall pay to Manager during the Term a monthly fee equal to four percent (4.0%) of the monthly Effective Costs (as defined below) of the Facility for the period commencing on the Effective Date (the “Fee”).
The Daily Net Effective Costs are determined by the operating efficiency of the ASIC Mining Equipment and expressed in KwHr as: The Minimum and Maximum Bounded KwHr Costs are defined below: Minimum $ [***] Maximum $ [***] If over any period of fourteen (14) days the Daily Net Effective Costs in KwHr for a unit exceeds the Maximum Bound KwHr rate, then the stipulated Maximum Bound found above shall be applied to the Net Effective Costs for the Customer’s ASIC Mining Equipment.
The Daily Net Effective Costs are determined by the operating efficiency of the ASIC Mining Equipment and expressed in KwHr as: [*****] The Minimum and Maximum Bounded KwHr Costs are defined below: Minimum $[*****] Maximum $[*****] If over any period of [*****] days the Daily Net Effective Costs in KwHr for a unit exceeds the Maximum Bound KwHr rate, then the stipulated Maximum Bound found above shall be applied to the Net Effective Costs for the Customer’s ASIC Mining Equipment.
For example, if the Customer Net Effective Costs for a period are $[***]/KwHr, then the fees shall be increased to the Minimum Bound of $[***]/KwHr. The Parties have agreed to this schedule and/or amendments through their duly authorized officers as of the dates below.
For example, if the Customer Net Effective Costs for a period are $[***]/KwHr, then the fees shall be reduced to the Maximum Bound of $[***]/KwHr. During any operating period, if the Customer Net Effective Costs fall below the Minimum Bound KwHr rate, then the above noted Minimum Bound shall be applied to the Net Effective Costs for the Customer’s ASIC Mining Equipment.