Nope Netdirekt Only suspend After 10 DMCA complains. But you have to remove the objectional Thing in 24 hrs.And if your server have No complains then no problems , even you host warez on that
This is right, so long that they dont receive complaints * it seems * that they dont really care. Dont be smart and start uploading child porn or some other illegal stuff - they wouldnt even bother to notify you to remove the content - they will just unplug the cables mate

regards
Ryan