Commitments and Contingencies Commitments The Companys principal commitments consist of future payment obligations under its convertible senior notes, finance leases to finance data centers and other computer and networking equipment purchases, operating leases for office facilities, and agreements with third parties to provide co-location hosting, telecommunication usage and equipment maintenance services. These commitments as of December 31, 2019 are disclosed in the Companys Annual Report on Form 10-K for the year ended December 31, 2019, and did not change materially during the nine months ended September 30, 2020, except for certain hosting and telecommunications agreements, the future payment obligations associated with the 2025 convertible senior notes, which were issued in May and June 2020, offset in part by the repurchase of a portion of the 2023 convertible senior notes in May 2020, and the Bishop Ranch Building Lease (the "New HQ lease") that the Company entered into on July 29, 2020. As of September 30, 2020, the Companys commitment under various hosting and telecommunications agreements totaled $7.1 million for terms ranging up to 60 months. These agreements require the Company to make monthly payments over the service term in exchange for certain network services. The New HQ lease will commence on February 1, 2021 and will continue for a period of 120 months. As of September 30, 2020, the Company's commitments under the New HQ lease totaled $46.4 million. As of September 30, 2020, $820.2 million of aggregate principal of the convertible senior notes were outstanding. The 2023 convertible senior notes and the 2025 convertible senior notes are due on May 1, 2023 and June 1, 2025, respectively. See Note 6 for more information concerning the convertible senior notes. Legal Matters The Company is involved in various legal and regulatory matters arising in the normal course of business. In managements opinion, resolution of these matters is not expected to have a material impact on the Companys consolidated results of operations, cash flows, or its financial position. However, due to the uncertain nature of legal matters, an unfavorable resolution of a matter could materially affect the Companys future consolidated results of operations, cash flows or financial position in a particular period. The Company expenses legal fees as incurred. Indemnification Agreements In the ordinary course of business, the Company enters into agreements of varying scope and terms pursuant to which it agrees to indemnify clients, vendors, lessors, business partners and other parties with respect to certain matters, including, but not limited to, losses arising out of breach of such agreements, including breach of security, services to be provided by the Company or from intellectual property infringement claims made by third parties. In addition, the Company has entered into indemnification agreements with its directors, officers and certain employees that will require it, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors, officers or employees. There are no claims that it is aware of that could have a material effect on the consolidated balance sheet, consolidated statement of operations and comprehensive loss, or consolidated statements of cash flows.