Monthly Storage Fee Clause Samples
The Monthly Storage Fee clause establishes the requirement for the customer to pay a recurring fee for the storage of goods or materials. Typically, this fee is charged on a monthly basis and applies to items held in a warehouse or storage facility, with the amount often based on the volume or duration of storage. This clause ensures that the service provider is compensated for the ongoing use of storage space and clarifies the customer's financial obligations, thereby preventing disputes over storage costs.
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Monthly Storage Fee i) P66SF will invoice Customer at the applicable rate provided in the Storage Commitment Table below for each Barrel of Product stored in the Caverns as measured at the end of the last day of the applicable month.
ii) If Customer, during any month, stored less Product than the applicable minimum storage volume specified in the Storage Commitment Table below, then Customer will pay P66SF a deficiency payment equal to the applicable monthly storage rate per Barrel for the difference between the actual volume stored during such month and the applicable minimum storage volume.
iii) For all volume stored in excess of the applicable minimum storage volume, Customer will pay P66SF a fee equal to $[ ] per Barrel with respect to such excess volume. For the sake of clarity, this fee is in lieu of clause (i) above with respect to any excess volume stored by Customer under this Agreement. Storage Commitment Table Aggregate Working Capacity of the Facilities (million Barrels) Minimum Storage Volume (million Barrels) Monthly Storage Rate for volume up to Minimum Storage Volume (Dollars per Barrel) Monthly Storage Rate for volume in excess of Minimum Storage Volume (Dollars per Barrel)
Monthly Storage Fee. For the Term, a monthly storage fee of *** per Barrel of Shell Capacity (the “Monthly Storage”), for a total of ***, regardless of the actual volume of Crude Oil placed in the Facility;
Monthly Storage Fee. Commencing on the Effective Date, the monthly storage fee as set forth in Section 4 of the Agreement will change to *** per Barrel of Shell Capacity (the “Monthly Storage”) available to Customer, for a total of ***, regardless of the actual volume of Crude Oil placed in the tankage. Should Customer elect to renew this agreement for one successive six (6) month period (the “Option Term”), the monthly storage fee as set forth in Section 4 of the Agreement will change to *** per Barrel of Shell Capacity (the “Monthly Storage”) available for Customer, for a total of ***, regardless of the actual volume of Crude Oil placed in the tankage.
Monthly Storage Fee i) P66SF will invoice Customer at the applicable rate provided in the Storage Commitment Table below for each Barrel of Product stored in the Caverns as measured at the end of the last day of the applicable month.
ii) If Customer, during any month, stored less Product than the applicable minimum storage volume specified in the Storage Commitment Table below, then Customer will pay P66SF a deficiency payment equal to the applicable monthly storage rate per Barrel for the difference between the actual volume stored during such month and the applicable minimum storage volume.
iii) For all volume stored in excess of the applicable minimum storage volume, Customer will pay P66SF a fee equal to $[____] per Barrel with respect to such excess volume. For the sake of clarity, this fee is in lieu of clause (i) above with respect to any excess volume stored by Customer under this Agreement.
Monthly Storage Fee. Owner shall pay Marina a monthly storage fee of $ (the “Storage Fee”) payable in advance by the first day of each month during the term hereof. The Marina shall prorate the first month’s storage fee upon execution of this agreement. The Marina will not prorate the last month’s storage upon departure. Daily rates for services related to the dry storage of the Boat shall be as posted from time to time by the Marina and are subject to change by the Marina without notice. Upon the execution of this Agreement, Owner shall pay to ▇▇▇▇▇▇ a prorated amount of the Storage Fee for the month in which this Agreement is executed, along with the first full month’s Storage Fee. The Storage Fee shall be delinquent if not paid by the 20th of the applicable month. The Marina reserves the right to refuse to launch vessels with accounts over 60 days in arrears. The Marina reserves the right to adjust the Storage Fee upon each renewal of this Agreement with 30 days notice to Owner.