Common use of The User Clause in Contracts

The User. (i) mandates the Company to manage on its own behalf the Hashing Power subject to Assignment; (ii) acknowledges that it will have no rights in connection with the management and use of the Miner and/or the Mining Pool at which it allocates Hashing Power. As part of the Assignment and at the end of each month of the term of the Agreement, the Company agrees to transfer to the User an amount of BTC resulting from the Mining of BTC equal to a certain percentage of the consideration paid in connection with the purchase of the Hashing Power as set forth below in the summary table in Article 6.2 of the Agreement (the "Mining Credit").

Appears in 3 contracts

Samples: General Terms and Conditions, General Terms and Conditions, General Terms and Conditions

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The User. (i) mandates the Company to manage on its own behalf the Hashing Power subject to Assignmentof the Assignment on its behalf; (ii) acknowledges that it will shall have no rights in connection with relation to the management and use of the Miner and/or the Mining Pool at which it allocates the Hashing PowerPower is allocated. As part of the Assignment and at the end of each month of the term of the Agreement, the Company agrees undertakes to transfer to the User an amount of BTC resulting arising from the Mining of BTC equal to a certain percentage of the consideration paid in connection with relation to the purchase of the Hashing Power as set forth out below in the summary table in Article clause 6.2 of the Agreement (the "Mining Credit").

Appears in 1 contract

Samples: General Terms and Conditions

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