Charges for Hosting Services Clause Samples
The "Charges for Hosting Services" clause defines the fees and payment terms associated with the provision of hosting services by a provider to a client. It typically outlines the specific costs, billing frequency (such as monthly or annually), and any additional charges that may apply for extra usage or services beyond the agreed scope. This clause ensures both parties have a clear understanding of the financial obligations involved, helping to prevent disputes over payments and ensuring transparency in the service relationship.
Charges for Hosting Services. In consideration of Provider’s performance of the Hosting Services, Customer shall pay Provider each of the following fees (the “Hosting Fees”):
Charges for Hosting Services. The Hosting Fees shall have one component part, defined for purposes of this contractual agreement. Component one of the Hosting Fees shall be the Hosting Services charge, which will be calculated based on the wholesale power cost less the credits issued of the Ercot 4CP/CLR program, based on actual customer usage numbers with no minimum but shall in not case exceed the ceiling of USD $[***] cents (“$[***] Upper Bound Limit”) for power costs.
Charges for Hosting Services. In consideration of Provider’s performance of the Hosting Services, Customer shall pay Provider each of the following fees on a monthly basis (the “Total Fees”):
(a) Customer shall pay Provider a "Power Charge" equal to $[*****] for all kilowatt hours consumed by the Customer Equipment as measured at the Customer’s segregated meter(s), which kilowatt hours will be adjusted for power usage effectiveness (PUE) applied on a pro rata basis, where PUE is defined as the ratio of total power billed to the facility to the total power delivered to the Customer Equipment. Subject to Sections and 6.4 and 17.1.4, the Power Charge may be adjusted by an - 9 - |US-DOCS\131818598.2|| amount necessary to incorporate any new or additional fees, costs, losses or charges arising from a new or change in the Applicable Law affecting the electricity market. For the avoidance of doubt, Power Charge adjustments due to changes in Applicable Law may only be direct pass-thru costs.
(b) Customer shall pay Provider a "Hosting Charge" equal to $[*****] for all power consumed by the Customer Equipment as adjusted for power usage effectiveness (PUE). Subject to Sections and 6.4 and 17.1.4, the Hosting Charge may be adjusted by an amount necessary to incorporate any new or additional fees, costs, losses or charges arising from a new or change in the Applicable Law affecting the hosting services (which are not included in Section 6.1(a)). For the avoidance of doubt, Hosting Charge adjustments due to changes in Applicable Law may only be direct pass-thru costs.