Common use of Abandonment Clause Clause in Contracts

Abandonment Clause. 3A Marine is to have no responsibility to provide space for, maintain, or obligation of any kind toward the vessel on any date after the rental period has expired. It is entirely the Owner’s obligation to see that the vessel is removed from 3A Marine Service premises on or before the expiration of the rental period. In such a case as the vessel is still on 3A Marine Service property after expiration of the rental period, the owner will be contacted by mail at his address given on this contract. The Owner will have fifteen (15) days from the date of mailing to remove the vessel and it is agreed that the vessel may thereafter be disposed of in any further way that 3A Marine Service sees fit. The cost of such disposal will be billed to the Owner and must be paid immediately. All values in salvage or sale of the vessel or any of its parts shall become the property of 3A Marine Service. The Owner further waives any requirement of statute law, or rule of court, that prior notice be given as condition of arrest of the boat pursuant to any in rem action which 3A Marine Service brings and stipulates and agrees that 3A Marine Service shall be entitled to be appointed custodian of the vessel and to keep the vessel for such purposes at it own facilities in the Commonwealth of Massachusetts, subject to the usual and customary expenses for similar services pending a final determination of such litigation. Owner is responsible for all reasonable attorneys’ fees incurred by 3A Marine Services due to Abandonment.

Abandonment Clause. 3A Marine is to have no responsibility to provide space for, maintain, or obligation of any kind toward the vessel on any date after the rental period has expired. It is entirely the Owner’s obligation to see that the vessel is removed from 3A Marine Service premises on or before the expiration of the rental period. In such a case as the vessel is still on 3A Marine Service property after expiration of the rental period, the owner will be contacted by mail at his address given on this contract. The Owner will have fifteen (15) days from the date of mailing to remove the vessel and it is agreed that the vessel may thereafter be disposed of in any further way that 3A Marine Service sees fit. The cost of such disposal will be billed to the Owner and must be paid immediately. All values in salvage or sale of the vessel or any of its parts shall become the property of 3A Marine Service. The Owner further waives any requirement of statute law, or rule of court, that prior notice be given as condition of arrest of the boat pursuant to any in rem action which 3A Marine Service brings and stipulates and agrees that 3A Marine Service shall be entitled to be appointed custodian of the vessel and to keep the vessel for such purposes at it own facilities in the Commonwealth of Massachusetts, subject to the usual and customary expenses for similar services pending a final determination of such litigation. Owner is responsible for all reasonable attorneys’ fees incurred by 3A Marine Services due to Abandonment.