Conditional early termination terms
Company: Applied Digital
The claim, verbatim
Applied Digital proposed that if it could find and contract with replacement customers to take over the GPUs, it would release Character Tech. from payment obligations for those re-leased GPUs otherwise due under the Agreement.
Source (primary)
Docket 277 entry #38 - 1 (RECAP, court_filing)
View cached copy (2026-09-09)Live source ↗
Quote: “Applied Digital avers that if Applied Digital was able to re-lease the clusters to another customer, Applied Digital would release Character Tech. from its payment obligations for those re-leased GPUs otherwise due under the Agreement.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Docket 277 entry #38 - 1
Quote: “Applied Digital avers that if Applied Digital was able to re-lease the clusters to another customer, Applied Digital would release Character Tech. from its payment obligations for those re-leased GPUs otherwise due under the Agreement.”