Cipher Events of Default. If any of the following events (each, a “Cipher Event of Default”) shall occur and be continuing:
Cipher Events of Default. If any of the following events (each, a “Cipher Event of Default”) shall occur and be continuing: (a) Cipher fails to deliver the required minimum amount of Miners as set forth in the Availability Schedule; or (b) Cipher takes any action to cause the delivered Miners either to be removed or cease functioning (in each case in breach of the Hosting Agreement); or (c) Cipher fails to make any payment required to be paid when due, EXCEPT to the extent of the amount of such payment which Cipher is the subject of a bona fide dispute by Cipher of the calculation thereof by giving Standard Power a notice in reasonable detail setting forth the basis for it dispute until such dispute has been resolved; or (d) Cipher or BF breaches or fails to comply with its obligations under the Binding Agreements and fails to cure such breach within fifteen (15) days’ notice thereof by Standard Power (or, where appropriate, such shorter period as may be agreed in the Binding Agreements); or (e) Cipher or BF commences a voluntary bankruptcy proceeding under the United States Bankruptcy Code; or (f) Cipher or BF becomes the subject of an involuntary bankruptcy proceeding under the United States Bankruptcy Code and such proceeding is either converted to a voluntary proceeding or is not dismissed within ninety (90) days after such involuntary proceeding was commenced; then, Standard Power will be entitled to declare that the Hosting Agreement for each Facility adversely impacted thereby is immediately terminated and be further entitled to the appropriate Cipher Damages set forth below. In the event of a Cipher Event of Default, in addition to Standard Power’s other rights and remedies available under the Hosting Agreement or law (including without limitation its rights as a secured party in possession of the Miners), Cipher shall pay an amount equal to the Early Termination Payment as applied to the Facility or Facilities that was the subject of the Standard Power Event of Default calculated by reference to the date of Cipher Event of Default (the “Cipher Damages”) for the period in which the Cipher Event of Default occurred (as if that was the Early Termination Date) except that a Cipher Event of Default in the first year will be calculated as if occurring between month thirteen (13) and month twenty-four (24). The Parties agree that the representations & warranties and events of default clauses of the Hosting Agreement shall include in respect of each Party reasonable (i) cure perio...
