Common use of Impoundment Clause in Contracts

Impoundment. Any vessel impounded for non-payment may be assessed a twenty dollar per foot LOA impoundment fee which may occur with or without notice, at any time the account is deemed delinquent for balance due, NSF check(s), or violation of account procedures, which have been delineated within lease and payment plan agreements. Impoundment may be means of chaining the boat in the slip, removal of boat via trailer, or removal of vessel by crane.

Impoundment. Any Vessel or vessel impounded for non-payment may be assessed a twenty dollar per foot LOA of the slip (including buildout) impoundment fee which may occur with or without notice, at any time the Lessee’s account is deemed delinquent for balance due, and/or NSF check(s), or ) occur and/or violation of account procedures, which have been delineated within lease and procedures as set forth in this Agreement and/or subsequent payment plan agreements. Impoundment may be by means of chaining the boat in the slip, removal of boat via trailer, or removal of vessel by crane.