Ground Storage Clause Samples
The Ground Storage clause defines the terms under which goods or materials may be stored on the ground, rather than in a warehouse or elevated facility. Typically, this clause outlines the conditions for such storage, including responsibilities for security, maintenance, and liability for damage or loss while the items are stored outdoors or on an open lot. Its core practical function is to clarify the rights and obligations of the parties regarding ground storage, thereby minimizing disputes and allocating risk associated with this type of storage arrangement.
Ground Storage. The Satellite shall be capable of being stored under proper conditions for up to [**Redacted**] without the need for refurbishment.
Ground Storage. If after Satellite Pre-Shipment Review, Purchaser places the Satellite in Ground Storage for reasons Attributable to Purchaser ([***]), Contractor will earn Orbital Performance Incentives and Purchaser will pay Orbital Performance Incentives in accordance with Article 35.3, together with interest thereon at the annual rate of [***]%, compounded [***] beginning on the first date that Orbital Performance Incentives are due pursuant to operation of Article 35.3 (such date being the “Incentive Start Date”) and ending on the date of payment. Any amounts paid pursuant to this Article 13.12 (the “Storage Incentives”) shall be applied by Contractor, including the interest payments, in satisfaction of the first Orbital Performance Incentives earned by Contractor following Launch, in accordance with this Article 13, until such Storage Incentives shall have been fully applied. Thereafter Contractor shall continue to earn Orbital Performance Incentives as provided in this Article 13, except that interest calculated on the amount of Orbital Performance Incentives earned during any quarterly period shall include interest thereon calculated at the annual rate of [***]% compounded [***], beginning on the Incentive Start Date and ending on the date of payment. To the extent that, due to the occurrence of a Total Loss of the Satellite after Launch, Contractor is not entitled to earn any or all of the Storage Incentives, Contractor shall refund the unearnable amount of Storage Incentives to Purchaser together with interest thereon at the annual rate of [***]%, compounded [***] beginning on the Incentive Start Date and ending on the date of payment.
Ground Storage. If after the successful completion of Satellite Pre-Shipment Review, Customer places the Satellite in Ground Storage for reasons not solely or substantially attributable to Boeing, Boeing shall be paid the full amount of all remaining payments that would have been due under the Contract for Milestones subsequent to Launch as if the Satellite had not been placed into Ground Storage. If the Satellite is subsequently launched, Boeing shall retain or repay the amounts calculated for the Capacity OPI or Redundancy OPI in accordance with Article 11.2 (Capacity OPI) and 11.3 (Redundancy OPI).
Ground Storage. If after Satellite Pre-Shipment Review of a Satellite, Purchaser places such Satellite in Ground Storage for a period of [***] for reasons not primarily due to the fault of Contractor, Purchaser shall pay Contractor interest on the full amount of the Orbital Performance Incentives at an annual rate of [***] percent ([***]%), compounded monthly, commencing on the first day of the seventh month of Ground Storage and ending upon the date of shipment of the Satellite to the Launch Site.
Ground Storage. 35.1 Ground Storage
Ground Storage. The Satellite shall be capable of being stored under proper conditions for up to [**Redacted**] without the need for refurbishment. ITAR-Controlled Document DigitalGlobe Proprietary and Confidential Use or disclosure of data is subject to the restriction on the title page of this document.
Ground Storage