Common use of Ownership of Generated Assets Clause in Contracts

Ownership of Generated Assets. The Parties acknowledge and agree that any generated digital assets, including but not limited to blockchains, hash and digital currencies, generated from the operation of the Customer Equipment, are the sole property of the Customer. The foregoing shall not impair in any way Customer’s obligations to pay the Fees hereunder, including the Hosting Fees arising out of Customer EBITDA, or any claims that Provider may make in connection therewith.

Appears in 6 contracts

Samples: Hosting Agreement (SilverSun Technologies, Inc.), Hosting Agreement (SilverSun Technologies, Inc.), Hosting Agreement (Rhodium Enterprises, Inc.)

AutoNDA by SimpleDocs

Ownership of Generated Assets. The Parties acknowledge and agree that any generated digital assets, including but not limited to blockchains, hash and digital currencies, generated from the operation of the Customer Equipment, are the sole property of the Customer. The foregoing shall not impair in any way of Customer’s obligations hereunder, including without limitation the obligation to pay the Hosting Fees set forth in Section 6.1 or any other Service Charges or fees owed hereunder, nor shall it impair any of Provider's rights (including the Hosting Fees arising out of Customer EBITDA, without limitation under Section 7.1) or any claims that Provider may make in connection therewithwith such rights.

Appears in 1 contract

Samples: Hosting Agreement (Cleanspark, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.