Common use of Abandonment Clause Clause in Contracts

Abandonment Clause. The Marina is to have no responsibility to provide space for, maintain, or obligation of any kind toward this Vessel on any date after the rental period has expired. It is entirely the Owner's obligation to see that this vessel is removed from the Marina premises on or before the expiration of the Rental period. In such case as the vessel is still on Marina property after the expiration of the Rental period, the owner will be contacted by mail at his address as given on this contract and charged for use and occupation on a daily basis at the rate of $25.00 per day. 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 the Marina sees fit. The cost of such disposal will be billed to the Owner and must immediately be paid. All values in salvage or sale of the vessel or any of its parts shall become the property of the Marina. The Owner further waives any requirement of statute law, or rule of court, that prior notice be given as condition of arrest of the Vessel pursuant to any in rem action which the Marina brings and stipulates and agrees that the Marina shall be entitled to be appointed custodian of the Vessel and to keep the Vessel for such purposes at its 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 Marina due to Abandonment.