Examples of Storage rates in a sentence
The Storage Rates payable for the lease of the Tank Facilities shall commence on the Operational Date.
Keystone shall have a lien as bailee in possession, charge and security interest on all Petroleum stored by or on behalf of Lessee in the Tank Facilities, and on all proceeds of such Petroleum, to secure the performance of all obligations of Lessee under this Lease, including the payment of any and all unpaid Storage Rates and other charges that are due to Keystone and unpaid by Lessee.
Keystone may withhold such Petroleum from release until all such unperformed obligations or unpaid Storage Rates and charges have been performed or paid in full, as the case may be.
From the proceeds of the sale of the Petroleum, Keystone will pay itself the Storage Rates, charges, and other amounts payable to Keystone under this Lease, including reasonable storage expenses pending sale of such Petroleum, and all costs and expenses incident to the sale, and the balance remaining, if any, shall be held for the Lessee or for whomever may be lawfully entitled thereto, without any obligation to pay interest thereon.