Slip Fees definition

Slip Fees means 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 Fees means 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 Fees in a sentence

  • In the event the Marina retains an attorney for the collection of unpaid Boat Slip Fees or other amounts due the Marina or because of your breach of this Agreement, you will be responsible for all costs of collection, including reasonable attorney’s fees.

  • Adjustments in Slip Fees shall become effective on the first day of the calendar month next following said notice.

  • It is agreed that in such event the Company shall charge Slip Fees for the Vessel at the then current impound vessel rates until such time as the Vessel is removed or disposed of as provided by state and/or federal law.

  • No action taken by the Company in equity or at law, whether in state or federal court, shall be construed as a waiver of the Company's maritime statutory or contractual or other rights at law, in equity or in admiralty, including its right to recover as part of its lien directly against the Vessel all costs incurred in connection with collection of Slip Fees and other fees due under the Agreement.

  • Non-payment of Slip Fees by the fifth (5th) day of the month shall be regarded as delinquent, resulting in a $25.00 late charge being added to the account each month until the account is brought current.

  • All Slip Fees not paid by the TENTH (10th) Day of the month shall be delinquent, and such delinquency shall constitute a material breach of this Agreement, in which event the ▇▇▇▇▇▇ ▇▇▇ immediately terminate this Agreement and pursue all remedies available in admiralty, at law or in equity.

  • In the event of default by Tenant as described above, Lakeview ▇▇▇▇▇▇ ▇▇▇, at its option, regard this Agreement as continuing in force and recover from Tenant damages caused by Tenant’s default, including without limitations, the right to recover the Slip Fees under this Agreement as the same shall accrue and/or terminate Tenant’s right to use the Slip.

  • If at any time it is determined the length of the Vessel is longer than allowed in the Slip, or as initially determined by Company, whether caused by previous inaccurate measurement or by modification of the Vessel, additional Slip Fees may be assessed against the Vessel and shall be paid by Vessel Owner.

  • Vessel Owner shall in such event remain liable for the full amount of the Slip Fees as they become due, notwithstanding that the Vessel has been moved and/or chained.

  • Late fees will be charged until all Slip Fees are paid by a valid check or cash.