What the filed contracts say
| Contract | What the filed wording says |
|---|---|
| Broadcom TPU lease to Anthropic | On an ordinary event of default the lessor gets management calls and monthly financial statements only. |
| Broadcom TPU lease to Anthropic | Full remedies need a fundamental default, or another default uncured for a further period. |
| Broadcom TPU lease to Anthropic | The lessor may take possession of the pods, or render them unusable, without a court order. |
| Broadcom TPU lease to Anthropic | The lessor may declare the stipulated loss value due as liquidated damages, with title passing on payment. |
| Broadcom TPU lease to Anthropic | Where the trigger is specific to one pod, remedies apply to that pod only. |
| Broadcom TPU lease to Anthropic | Quiet enjoyment holds until a fundamental default or full remedies trigger. |
| Dell Financial–Nscale framework agreement | Dell Financial: non-payment for 30 days, a material misrepresentation, or an uncured material breach after 30 days is a default. |
| Dell Financial–Nscale framework agreement | Dell Financial: so is a change of ownership that, in the funder’s opinion, affects the customer’s credit risk. |
| Dell Financial–Nscale framework agreement | Dell Financial: on termination the customer returns the servers and pays all remaining payments plus, for servers not returned, the present value of their expected end value. |
The filed wording
“Full Remedies Trigger Event” means the occurrence of (i) a Fundamental Event of Default or (ii) an Other Event of Default and, solely in the case of this clause (ii), to the extent capable of being cured and Lessee is diligently pursuing such cure, such Other Event of Default shall continue unremedied [***] days beyond any other applicable grace period provided for herein or in the Guarantee
Redacted in the filed copy: [***] or [*] marks text the filer left out.
