Infrastructure Development and Customer Mining Equipment Installation Sample Clauses

Infrastructure Development and Customer Mining Equipment Installation. Operating Partner agrees to make all necessary improvements and developments to the Premises to accommodate the Customer Mining Equipment (including, without limitation, all necessary cable, electrical, transformers and other infrastructure) to enable the Customer Mining Equipment to operate in accordance with the requirements in Section 1.2, and complete Installation and commence full operation of the Customer Mining Equipment (collectively, the “Infrastructure Development and Equipment Installation”) as follows: (a) Operating Partner agrees to complete the Infrastructure Development and Equipment Installation for (i) not less than 5 MW of power and accompanying Customer Mining Equipment no later than the Effective Date (the “Tranche I Planned Operational Date”), (ii) not less than 20 MW of power and accompanying Customer Mining Equipment no later than May 1, 2022 (the “Tranche II Planned Operational Date”), and (iii) not less than the additional power required to operate the additional Customer Mining Equipment in Operating Partner’s possession as at the Effective Date which has not be activated because such Customer Mining Equipment would exceed the 20 MW threshold in subclause (ii) no later than seven (7) days after the Effective Date (the “Tranche III Planned Operational Date”; each of the Tranche I Planned Operational Date, the Tranche II Planned Operational Date and the Tranche III Planned Operational Date is referred to as a “Planned Operational Date”), and to provide Customer periodic updates as to the progress toward completion of the Infrastructure Development and Equipment Installation. (b) Upon completion of the Infrastructure Development and Equipment Installation for each of Tranche I, Tranche II and Tranche III in accordance with this Section, Operating Partner will provide to Customer a written notice certifying that the Infrastructure Development and Equipment Installation is complete (each, a “Completion Notice”); provided, however, that immaterial developmental items that would not impair Operating Partner’s ability to fully perform its obligations under this Agreement can be completed by a commercially reasonable time that follows the applicable Planned Operational Date and shall not delay the delivery to Customer of the Completion Notice for such Planned Operational Date. If, due to no fault of Operating Partner, the Customer Mining Equipment for Tranche I, Tranche II or Tranche III, as applicable, has not been delivered to the site w...
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Related to Infrastructure Development and Customer Mining Equipment Installation

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  • Equipment Installation In order to meet its obligations under this Agreement, a Party that owns, rents, or leases equipment (the equipment owner) may require installation of such equipment on property owned by another Party (the property owner), provided that the property is being used for an electric utility purpose and that the property owner shall not be required to do so if it would thereby be prevented from performing its own obligations or exercising its rights under this Agreement.

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  • Additional Equipment Additional Equipment may from time to time be added as the subject matter of this Agreement as agreed on by the parties. Any additional property will be added in an amendment describing the property, the monthly rental, security deposit, and stipulated loss value of the additional Equipment. All amendments must be in writing and signed by both parties. Other than by this amendment procedure, this Agreement may not be amended, modified, or altered in any manner except in writing signed by both parties.

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