Common use of ADJUSTING THE AMOUNT OF THE GUARANTEE Clause in Contracts

ADJUSTING THE AMOUNT OF THE GUARANTEE. The amount of the Guarantee shall be increased or decreased each year before March 15th, to take account of the amendments of the Fixed Annual Rate and the Annual Subscription Rate set in article 12.1.1 of the General Terms and Conditions with multi-year possible bookings. However, the adjustment will only be made when the combined total of the modifications to these Rates leads to an adjustment of the value of the Guarantee that is twenty percent (20%) higher in absolute value than the value of the Guarantee previously in effect. If the adjusted Guarantee is not delivered to the Storage Facility Manager before April 15th each year, the Storage Facility Manager will call the Guarantee and terminate the Contract in the conditions mentioned in article 22 hereunder, after a formal notice notified to the Customer remained unsuccessful during fifteen (15) days. If all or part of the Guarantee is in the form of a security deposit and the Guarantee amount is increased, the corresponding amount is invoiced by the Storage Facility Manager to the Customer as soon as possible as of the date of signing of the rider to the Contract. The Customer is required to pay the Guarantee by no later than the eighth (8th) business day after the invoice is issued. If the value of the Guarantee is reduced, the amount corresponding to the aforementioned reduction shall be discounted from the invoice or repaid by way of a credit note issued by the Storage Facility Manager in favour of the Customer, after deduction of any amounts remaining payable by the Customer to the Storage Facility Manager under the Contract or under any other contract between the Customer and Storage Facility Manager with regard to its activities as operator of the Storage Facility. If the guarantee is constituted in the form of a security deposit, this does not bear interest. The security deposit shall be returned by the Storage Facility Manager upon expiry of the Contract, after deduction of any amounts remaining payable by the Customer to the Storage Facility Manager under the Contract or under any other contract concluded between the Customer and the Storage Facility Manager with regard to its activities as operator of the Storage Facility.

ADJUSTING THE AMOUNT OF THE GUARANTEE. The amount of the Guarantee shall be increased or decreased each year before March 15th15t h, to take account of the amendments of the Fixed Annual Rate and the Annual Subscription Rate set in article 12.1.1 of the General Terms and Conditions with multi-year possible bookings. However, the adjustment will only be made when the combined total of the modifications to these Rates leads to an adjustment of the value of the Guarantee that is twenty percent (20%) higher in absolute value than the value of the Guarantee previously in effect. If the adjusted Guarantee is not delivered to the Storage Facility Manager before April 15th each year, the Storage Facility Manager will call the Guarantee and terminate the Contract in the conditions mentioned in article 22 hereunder, after a formal notice notified to the Customer remained unsuccessful during fifteen (15) days. If all or part of the Guarantee is in the form of a security deposit and the Guarantee amount is increased, the corresponding amount is invoiced by the Storage Facility Manager to the Customer as soon as possible as of the date of signing of the rider to the Contract. The Customer is required to pay the Guarantee by no later than the eighth (8th) business day after the invoice is issued. If the value of the Guarantee is reduced, the amount corresponding to the aforementioned aforement ioned reduction shall be discounted from the invoice or repaid by way of a credit note issued by the Storage Facility Manager in favour of the Customer, after deduction of any amounts remaining payable by the Customer to the Storage Facility Manager under the Contract or under any other contract between the Customer and Storage Facility Manager with regard to its activities as operator of the Storage Facility. If the guarantee is constituted in the form of a security deposit, this does not bear interest. The security deposit shall be returned by the Storage Facility Manager upon expiry of the Contract, after deduction of any amounts remaining payable by the Customer to the Storage Facility Manager under the Contract or under any other contract concluded between bet ween the Customer and the Storage Facility Manager with regard to its activities as operator of the Storage Facility.

ADJUSTING THE AMOUNT OF THE GUARANTEE. The amount of the Guarantee shall be increased or decreased each year before March 15th, to take account of the amendments of the Fixed Annual Rate and the Annual Subscription Rate set in article 12.1.1 of the General Terms and Conditions with multi-year possible bookings. However, the adjustment will only be made when the combined total of the modifications to these Rates leads to an adjustment of the value of the Guarantee that is twenty percent (20%) higher in absolute value than the value of the Guarantee previously in effect. If the adjusted Guarantee is not delivered to the Storage Facility Manager before April 15th each year, the Storage Facility Manager will call the Guarantee and terminate the Contract in the conditions mentioned in article 22 hereunder, after a formal notice notified to the Customer remained unsuccessful during fifteen (15) days. If all or part of the Guarantee is in the form of a security deposit and the Guarantee amount is increased, the corresponding amount is invoiced by the Storage Facility Manager to the Customer as soon as possible as of the date of signing of the rider to the Contract. The Customer is required to pay the Guarantee by no later than the eighth (8th) business day after the invoice is issued. If the value of the Guarantee is reduced, the amount corresponding to the aforementioned reduction shall be discounted from the invoice or repaid by way of a credit note issued by the Storage Facility Manager in favour of the Customer, after deduction of any amounts remaining payable by the Customer to the Storage Facility Manager under the Contract or under any other contract between the Customer and Storage Facility Manager with regard to its activities as operator of the Storage Facility. If the guarantee is constituted in the form of a security deposit, this does not bear interest. The security deposit shall be returned by the Storage Facility Manager upon expiry of the Contract, after deduction of any amounts remaining payable by the Customer to the Storage Facility Manager under the Contract or under any other contract concluded between the Customer and the Storage Facility Manager with regard to its activities as operator of the Storage Facility.. 14.2 Monthly billing