Common use of Initial Adjustment Clause in Contracts

Initial Adjustment. If, during any month of the contract period, the Hosting Fee Ratio exceeds [***]%, Host shall reduce the hosting fee to lower the Hosting Fee Ratio to [***]%, provided that the post-adjustment hosting electricity price shall not fall below USD[***]. And;

Appears in 1 contract

Sources: Hosting Service Agreement (BGIN BLOCKCHAIN LTD)

Initial Adjustment. If, during any month of the contract period, the Hosting Fee Ratio exceeds [***]%, Host shall reduce the hosting fee to lower the Hosting Fee Ratio to [***]%, provided that the post-adjustment hosting electricity price shall not fall below USD[***]the cost price of electricity for the Hosting Facility. And;

Appears in 1 contract

Sources: Hosting Service Agreement (BGIN BLOCKCHAIN LTD)