Segregated Storage Clause Samples
The Segregated Storage clause requires that certain assets, materials, or data be stored separately from others to prevent commingling or contamination. In practice, this means that a service provider or custodian must keep a client’s property in distinct physical or digital locations, such as using separate bins in a warehouse or dedicated folders in a data system. This clause is essential for ensuring clear ownership, maintaining asset integrity, and reducing the risk of loss or confusion between different clients’ property.
Segregated Storage. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ shall cause Brink’s to store the Precious Metals of Customer separate and apart from the Precious Metals of other customers of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ or of ▇▇▇▇▇’▇ and shall not commingle the Precious Metals of Customer with the Precious Metals of other customers of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ or Brink’s. Subject to these Terms and Conditions, upon ▇▇▇▇▇ ▇▇▇▇▇▇▇▇’▇ receipt of proper written instructions, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ shall cause Brink’s to deliver or release to Customer or its designee the exact same Precious Metals as were delivered by Customer to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ or ▇▇▇▇▇’▇ for storage and not previously delivered or released to Customer or its designee.
Segregated Storage. DDC shall store the Precious Metals of Customer separate and apart from the Precious Metals of other customers of DDC and shall not commingle the Precious Metals of Customer with the Precious Metals of other customers of DDC. Subject to these Terms and Conditions, upon DDC’s receipt of proper written instructions, DDC shall deliver or release to Customer or its designee the exact same Precious Metals as were delivered by Customer to DDC for Segregated Storage and not previously delivered or released to Customer or its designee.
Segregated Storage. The annual rate for Segregated Storage is 1.5% (one and one-half percent) of the total dollar value of Bullion in storage or as agreed to in writing. Storage fees will be billed semi-annually, in arrears. The minimum charge is $50 per billing.
Segregated Storage. LPM will store Your Assets on a standard-segregated safekeeping basis, wherein LPM will physically hold your Assets separate and apart from the assets of its other customers.