Slip Fee definition

Slip Fee or “Slip Fees” shall mean the sum for the leasing of the Slip and wharfage of the Vessel by the Vessel Owner in the Marina as identified in Attachment A. Said Slip Fee is subject to adjustment as provided in this Agreement. Slip Fees are payable in advance at the time of the execution of the Agreement and on the FIRST (1st) DAY of each calendar month thereafter. In addition to the key and security deposits described herein, Vessel Owner shall upon the execution of the Agreement and assignment of a Slip, tender the prorated Slip Fees due for the remaining portion of the calendar month the Agreement is effective. This payment is non-refundable.
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Slip Fee or “Slip Fees” shall mean the sum of $ Dollars for the monthly licensing of the Slip and wharfage of the Vessel by the Licensee in the Marina. Said Slip Fee is subject to adjustment as provided in this License. Slip Fees are payable in advance at the time of the execution of the License and on the FIRST (1st) DAY of each calendar month commencing , 20 [date this License signed by Licensee], and each succeeding calendar month thereafter. In addition to the key and security deposits described herein, Licensee shall upon the execution of the License and assignment of a Slip, tender $ , which sum represents prorated Slip Fees due for the remaining portion of the calendar month the License is executed, on the basis of a 30-day month. This payment is non-refundable.
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Examples of Slip Fee in a sentence

  • In the event the Marina terminates this Agreement for your breach of this Agreement, it will retain the Boat Slip Fee for the remainder of the season and reserves the right to seek additional compensation for damages.

  • The Boat Slip Fee for your Boat is set out in Section 1 of the Slip Rental Agreement.

  • A fifty percent (50%) non-refundable deposit of your Marina Slip Fee for the season must be received by the American Wharf before a Boat Slip is to be considered reserved.

  • The Slip Fee structure for this Agreement is based upon the greater of the length of the vessel overall or the size of the slip assigned.

  • Upon notification of an increase in any fee including the Slip Fee, Vessel Owner may elect to provide 30 days written notice of termination of this Agreement.

  • However, the Company may elect at any time, at its option, to apply all or any portion of the Security Deposit to the Slip Fee or other account arrearages, or for purposes of effecting repairs necessary due to damage to the Company’s property caused by Vessel Owner (or his/her guest/invitee), in which event the Vessel Owner shall immediately become obligated to tender the sum necessary to replace any of the Security Deposit funds applied to such arrearages, or used for such repairs and/or cleaning.

  • Owner understands that the Company may increase the Slip Fee and/or other fees at any time upon thirty (30) days notice to Vessel Owner.

  • Vessel Owner may not use the Security Deposit as, nor deduct it from, the Slip Fee for any month.

  • The Vessel is subject to measurement by the Company and the Slip Fee will be determined by computations using the then-current Slip Fee schedule in effect.

  • Should Company increase the monthly Slip Fee or Vessel Owner transfers to a larger slip within the Marina or obtains a live-aboard permit, there will be an increase in the amount of the Security Deposit to correspond with the new monthly Slip Fee.