Common use of Initial Fees Clause in Contracts

Initial Fees. The one-time fee for setup, installation, and configuration of Mining Equipment (the “Initial Setup Fee”) and the initial deposit specified in the applicable Order Form (the “Initial Deposit”) and any Hardware Deposit shall be due and payable as of the date on which Compute North and Customer have both executed an Order Form. The Initial Setup Fee is non-refundable and non-transferrable under any circumstance. The Initial Deposit and Hardware Deposit are non-transferrable under any circumstance and are not refundable except as expressly set forth herein and only to the extent that all of Customer’s obligations under this Agreement have been fully satisfied.