Common use of Node Subsidy Clause in Contracts

Node Subsidy. 1. Phase 1: Until December 31, 2021, Hedera shall pay the direct costs incurred by Member in US Dollars. The subsidy shall be pro-rated for the number of days in the given year since the node was introduced on Mainnet. Subsidy amounts up to $25,000 shall be automatically approved. Amounts greater than $25,000 must be approved by Hedera.

Appears in 4 contracts

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

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