Common use of Node Hosting Clause in Contracts

Node Hosting. Each Member will host at least one server running the Hedera hashgraph consensus algorithm (each such server, a “Node”) in accordance with the terms specified in the current Hedera Node Policy, substantially in the form attached here as Exhibit B, as amended from time to time as set forth therein. Each Member will follow cybersecurity best practices in ensuring the security of each Node. The Council will provide each Member with the Node software, associated wallets, and standards for security. A Member may designate an Affiliate to host a Node on its behalf in satisfaction of this requirement; provided, however, that such Affiliate shall be responsible for complying with the Hedera Node Policy as if a party thereto; and, provided, further, that the Member will remain fully responsible for the acts and omissions of such Affiliate.

Appears in 18 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

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Node Hosting. Each Member will host at least one server running the Hedera hashgraph consensus algorithm (each such server, a “Node”) in accordance with the terms specified in the current Hedera Node Policy, substantially in the form attached here as Exhibit B, as amended from time to time as set forth therein. Each Member will follow cybersecurity best practices in ensuring the security of each Node. The Council will provide each Member with the Node software, associated wallets, and standards for security. A Member may designate an Affiliate to host a Node on its behalf in satisfaction of this requirement; provided, however, that that‌ such Affiliate shall be responsible for complying with the Hedera Node Policy as if a party thereto; and, provided, further, that the Member will remain fully responsible for the acts and omissions of such Affiliate.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

Node Hosting. Each Member will host at least one server running the Hedera hashgraph consensus algorithm (each such server, a “Node”) in accordance with the terms specified in the current Hedera Member Node PolicyTerms, substantially in the form attached here as Exhibit B, as amended from time to time as set forth therein. Each Member will follow cybersecurity best practices in ensuring the security of each Node. The Council will provide each Member with the Node software, associated wallets, and standards for security. A Member may designate an Affiliate to host a Node on its behalf in satisfaction of this requirement; provided, however, that that‌ such Affiliate shall be responsible for complying with the Hedera Member Node Policy Terms as if a party thereto; and, provided, further, that the Member will remain fully responsible for the acts and omissions of such Affiliate.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

Node Hosting. Each Member will host at least one server running the Hedera hashgraph consensus algorithm (each such server, a “Node”) in accordance with the terms specified in the current Hedera Node Policy, substantially in the form attached here as Exhibit B, as amended from time to time as set forth therein. Each Member will follow cybersecurity best practices in ensuring the security of each Node. The Council will provide each Member with the Node software, associated wallets, and standards for security. A Member may designate an Affiliate to host a Node on its behalf in satisfaction of this requirement; provided, however, that such Affiliate shall be responsible for complying with the Hedera Node Policy as if a party thereto; and, provided, further, that the Member will remain fully responsible for the acts and omissions of such Affiliate.Affiliate.‌

Appears in 1 contract

Samples: Limited Liability Company Agreement

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Node Hosting. Each Member will host at least one server running the Hedera hashgraph consensus algorithm (each such server, a “Node”) in accordance with the terms specified in the current Hedera Member Node PolicyHosting Terms, substantially in the form attached here as Exhibit B, as amended from time to time as set forth therein. Each Member will follow cybersecurity best practices in ensuring the security of each Node. The Council will provide each Member with the Node software, associated wallets, and standards for security. A Member may designate an Affiliate to host a Node on its behalf in satisfaction of this requirement; provided, however, that such Affiliate shall be responsible for complying with the Hedera Member Node Policy Hosting Terms as if a party thereto; and, provided, further, that the Member will remain fully responsible for the acts and omissions of such Affiliate.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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