Common use of Lien Rights Clause in Contracts

Lien Rights. Superior shall have a general lien on any and all documents and shipments of Shipper under Superior’s actual or constructive possession or control for monies owed to Superior with regard to the shipment on which the lien is claimed, prior shipment(s), or both. In the event Superior exercises its lien, it shall notify Shipper of the exact amount of monies due and owing by Shipper. Superior shall also notify Shipper of all storage and continuing charges accruing on shipments subject to Superior’s lien. Superior shall release its lien upon receipt of payment by Shipper of the total amount due. In the event Shipper does not satisfy Superior’s lien within fifteen (15) calendar days of Superior’s exercise of the lien, Superior shall have the right, but not the obligation, to sell such shipment(s) at public or private sale or auction without further notice to Shipper.

Lien Rights. Superior shall have a general lien on any and all documents and shipments of Shipper under Superior’s actual or constructive possession or control for monies owed to Superior with regard to the shipment on which the lien is claimed, prior shipment(s), or both. In the event Superior exercises its lien, it shall notify Shipper of the exact amount of monies due and owing by ShipperXxxxxxx. Superior shall also notify Shipper of all storage and continuing charges accruing on shipments subject to Superior’s lien. Superior shall release its lien upon receipt of payment by Shipper Xxxxxxx of the total amount due. In the event Shipper does not satisfy Superior’s lien within fifteen (15) calendar days of Superior’s exercise of the lien, Superior shall have the right, but not the obligation, to sell such shipment(s) at public or private sale or auction without further notice to Shipper.