Common use of Stockpiling Clause in Contracts

Stockpiling. The Company may temporarily stockpile any Product from the seabed which is the subject of the Property at such place or places as the Company may elect. In the event that the Company stockpiles or holds inventory of any Product it must ensure security for the site where such Product is stockpiled in accordance with Good Industry Practice.

Appears in 5 contracts

Sources: Revenue Participation Agreement (Odyssey Marine Exploration Inc), Royalty Agreement (Odyssey Marine Exploration Inc), Royalty Agreement (Odyssey Marine Exploration Inc)