Common use of GRANT OF Clause in Contracts

GRANT OF. PERMIT The Port grants to Licensee a permit to moor the vessel designated herein at Cap Sante Marina, Anacortes, Washington, hereinafter referred to as “Marina”, on a month-to-month basis for the monthly rate designated herein, plus any applicable taxes, charges, and/or commission adopted rate increase. Moorage, taxes and all applicable charges shall be paid monthly to the Port until this agreement is terminated and/or expired. Any unpaid fees will be subject to an interest charge equal to eighteen percent (18%) per annum. The assigned moorage slip and total monthly obligation are specified below. Initials 2. TERM The term of this agreement shall be month-to-month beginning on the effective date of this agreement, which is the date of mutual acceptance as confirmed by executed agreement. The term is subject to the termination provisions in paragraph 18 below. The agreement requires a minimum 30-day commitment. An initial nonrefundable sum of the first month’s moorage fees designated herein and anticipated taxes shall be collected and applied to the first month's moorage on a prorated basis beginning the effective date of this agreement. The remainder of the sum collected shall be credited to the following month's moorage fee.

GRANT OF. PERMIT The Port grants to Licensee a permit to moor the vessel designated herein at Cap Sante Marina, Anacortes, Washington, hereinafter referred to as “Marina”, on a month-to-month basis for the monthly rate designated herein, plus any applicable taxes, charges, and/or commission adopted rate increase. Moorage, taxes and all applicable charges shall be paid monthly to the Port until this agreement is terminated and/or expired. Any unpaid fees will be subject to an interest charge equal to eighteen percent (18%) per annum. The assigned moorage slip and total monthly obligation are specified below. Initials 2. TERM The term of this agreement shall be month-to-month beginning on the effective date of this agreement, which is the date of mutual acceptance as confirmed by executed agreement. The agreement expires on March 31, 20 . The term is subject to the termination provisions in paragraph 18 below. The agreement requires a minimum 30-day commitment. An initial nonrefundable sum of the first month’s moorage fees designated herein and anticipated taxes shall be collected and applied to the first month's moorage on a prorated basis beginning the effective date of this agreement. The remainder of the sum collected shall be credited to the following month's moorage fee.