User/You definition
Examples of User/You in a sentence
The User/You represents, warrants, and covenants that you have full legal capacity, right, power and authority to execute and perform its obligations under this Contract.
The User/You confirms and agrees that the User/You shall be liable for all risks and liabilities caused by delayed deployment , or differences between the actual and the theoretical power consumption and hash rate amount of Miners, except where such aforementioned events result from intentional misconduct of BitFuFu.
Thereafter, BitFuFu will charge the User/You a part of the Net Miner Outputs (as defined in article VI.2) as the Output Sharing Fee which is equal to 30% of the Net Miner Outputs.
Unless the parties reach an agreement through negotiation, the User shall not unilaterally change, rescind or terminate this Contract in any form; otherwise, the User/You shall bear all the consequences.
The User hereby entrusts BitFuFu to deploy the Miners in the IT room provided by BitFuFu, whereby the transportation fee, deployment fee and installation fee shall be borne by the User/You.
In the event of power failure over 48 hours resulting from power overhaul of the IT room and regional power malfunction and other reasons not caused by BitFuFu, BitFuFu shall promptly notify the User/You and shall use its best endeavors to restore the normal operation of the IT room.
When the value of the Net Miner Output received by the User/You during the hosting contract period become equal to the cost of the Miners, it shall be deemed that the cost of the User’s Miner has been recovered.
The User/You can check the operation, total hash rate, and cryptocurrency output via the observer link of this batch of the Miners.
User/You: Any person accessing or using the Platform and/or their representatives.
The User/You confirms that it is entitled to the ownership of the hosted Miner (i.e. The Miners to be entrusted by the User/You will only be accepted by BitFuFu to providing hosting service after BitFuFu confirms the User’s ownership to such Miners).