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Federal Register / Vol. 86, No. 35 / Wednesday, February 24, 2021 / Notices applicable provisions. Doing so would allow all cabinets and power to be available for active use. As a result, no User would be subject to limitations on its ability to purchase and use cabinets or power at the same time that PNU
cabinets were dormant.
General Note 8 would be amended to provide that, if the amount of power or cabinets available fell to zero, Users seeking to purchase power or cabinets would be put on a waitlist. The waitlist provisions for power would be substantially similar to those for cabinets in the Existing Procedures.12 In both General Notes 7 and 8, the Proposed Procedures would also state how the Existing Procedures regarding cabinets and the new procedures regarding power would relate to each other. In each case, the Proposed Procedures would state what the threshold amount of power and cabinets would be to discontinue the limits, which would allow the Exchange to return to offering PNU cabinets. Finally, in clarifying changes, the existing text of General Notes 7 and 8 would be amended to change Purchasing Limits to Cabinet Limits and waitlist to Cabinet Waitlist and to delete redundant text.
Proposed Amendments to General Note 7
The Exchange proposes to amend General Note 7 as follows additions italicized, deletions in brackets:

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7. Cabinet and Power Purchasing Limits. If i unallocated cabinet inventory is at or below 40 cabinets, whether or not such cabinets are configured to be subdivided into partial cabinets Cabinet Threshold, or ii the unallocated power capacity in colocation is at or below 350 kW the Power Threshold, the following limits on the purchase of new cabinets Purchasing Limits will apply:
a. Cabinet Limits. If only the Cabinet Threshold is reached, the following measures the Cabinet Limits will apply:
All Users with PNU cabinets will be required to either convert itstheir PNU
cabinets into dedicated cabinets or relinquish itstheir PNU cabinets before being permitted to purchase new cabinets. The Exchange will notify each User with a PNU
cabinet that the User has 30 business days to decide whether to contract to convert the PNU cabinet to a dedicated cabinet. If the User does not contract to use the PNU
12 Consistent with the Existing Procedures, the Proposed Procedures would provide that, as additional power and cabinets became available, the Exchange would offer it to the User at the top of the combined waitlist. Power may become available if, for example, a a User vacates a dedicated or partial cabinet or relinquishes Additional Power or b IDS builds additional capacity. Cabinets may become available if, for example, a User vacates a dedicated or partial cabinet.

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cabinet as a dedicated cabinet within such time, the PNU cabinet will be relinquished.
Once the Cabinet Threshold is reached, tThe Exchange will limit each Users purchase of new cabinets dedicated and partial to a maximum of four dedicated cabinets. The maximum may be comprised of a mix of dedicated and partial cabinets, with two partial cabinets counting as one dedicated cabinet.
If a User requests, in writing, a number of cabinets that, if provided, would cause the available cabinet inventory to be below 40
cabinets, the PurchasingCabinet Limits will only apply to the portion of the Users order below the Cabinet Threshold.
A User will have to wait 30 days from the date of its signed order form before purchasing new cabinets again.
If the Cabinet Threshold is reached, the Exchange will cease offering or providing new PNU cabinets to all Users and Users will not be permitted to convert a currently used dedicated cabinet to a PNU cabinet.
When unallocated cabinet inventory is more than 40 cabinets, the Exchange will discontinue the PurchasingCabinet Limits.
b. Combined Limits. If only the Power Threshold is reached or both the Cabinet Threshold and the Power Threshold are reached, the following measures the Combined Limits will apply:
All Users with PNU cabinets will be required to either convert their PNU cabinets into dedicated cabinets or relinquish their PNU cabinets. The Exchange will notify each User with a PNU cabinet that the User has 30 business days to decide whether to contract to convert the PNU cabinet to a dedicated cabinet. If the User does not contract to use the PNU cabinet as a dedicated cabinet within such time, the PNU
cabinet will be relinquished.
A User may purchase either or both of the following, so long as the combined power usage of such purchases is no more than a maximum of 32 kW:
a. New cabinets dedicated and partial, subject to a maximum of four dedicated cabinets with standard power allocations of 4 kW or 8 kW Standard Cabinets. The purchase may be comprised of a mix of dedicated and partial cabinets, with two partial cabinets counting as one dedicated cabinet.
b. Additional power for new or existing cabinets.
If a User requests, in writing, a number of Standard Cabinets and/or an amount of additional power that, if provided, would cause the unallocated power capacity to be below the Power Threshold or Cabinet Threshold, the Combined Limits would apply only to the portion of the Users order below the relevant threshold.
A User will have to wait 30 days from the date of its signed order form before purchasing new Standard Cabinets or additional power again.
If the Power Threshold or Cabinet Threshold is reached, the Exchange will cease offering or providing new PNU cabinets to all Users and Users will not be permitted to convert a currently used dedicated cabinet to a PNU cabinet.
When unallocated power capacity is above the Power Threshold, the Exchange
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will discontinue the Combined Limits. If at that time the unallocated cabinet inventory is 40 or fewer cabinets, the Cabinet Limits would enter into effect.
c. Applicability. If the Cabinet Threshold is reached before the Power Threshold, the Cabinet Limits will be in effect until the Power Threshold is reached, after which the Combined Limits will apply.

Proposed Amendments to General Note 8
The Exchange proposes to amend General Note 8 as follows additions italicized, deletions in brackets:
8. Cabinet and Combined Waitlists.
a. Cabinet Waitlist. Unless a Combined Waitlist is in effect, tThe Exchange will create a cabinet waitlist Cabinet Waitlist if the available cabinet inventory is zero, or a User requests, in writing, a number of cabinets that, if provided, would cause the available inventory to be zero. The Exchange will place Users seeking cabinets on a Cabinet wWaitlist, as follows:
Users with PNU cabinets will not be required to either convert their PNU cabinets into dedicated cabinets or relinquish their PNU cabinets in accordance with the measures set forth in General Note 7a, above. placed on the waitlist if the User could meet its new cabinet request by converting its PNU cabinets to dedicated cabinets. A User will only be placed on the waitlist for the portion of its new cabinet request that exceeds its existing PNU
cabinets, subject to the Purchasing Limitations.
A User will be placed on the Cabinet wWaitlist based on the date its signed order is received. A User may only have one order for new cabinets on the Cabinet wWaitlist at a time, and the order is subject to the PurchasingCabinet Limits. If a User changes the size of its order while it is on the Cabinet Waitlist, it will maintain its place on the Cabinet Waitlist, and will remain subject to the Cabinet Limits.
As cabinets become available, the Exchange will offer them to the User at the top of the Cabinet wWaitlist. If the Users order is completed, it will be removed from the Cabinet wWaitlist. If the Users order is not completed, it will remain at the top of the Cabinet wWaitlist.
A User will be removed from the Cabinet wWaitlist a at the Users request or b if the User turns down an offer of a cabinet of the same size it requested in its order. If the Exchange offers the User a cabinet of a different size than the User requested in its order, the User may turn down the offer and remain at the top of the Cabinet wWaitlist until its order is completed.
A User that is removed from the Cabinet wWaitlist but subsequently submits a new written order for cabinets will be added back to the bottom of the Cabinet wWaitlist.
When unallocated cabinet inventory is more than 10 cabinets, the Exchange will cease use of the Cabinet wWaitlist.
b. Combined Waitlist. The Exchange would create a power and cabinet waitlist Combined Waitlist if the unallocated power capacity is zero, or if a User requests,
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