Application of Security Bond. (1) You authorise us to deduct from the Security Bond all costs and expenses incurred, or to be incurred by us, in connection with any of the following matters: (a) Any part of the vessel is damaged by you or the passengers in which case we will deduct such costs as are necessary to repair such damage. This may include an immediate deduction of the full Security Bond as soon as practical, with any excess funds to be returned once the full amount of damage has been assessed; (b) The vessel is left in a state that additional or professional cleaning services are required beyond the regular Operator’s routine in which case such costs will be deducted as are necessary to clean the Vessel and will be a minimum of $300.00. Such deduction is at the Operator’s absolute discretion and this decision is final and binding; (c) Failure to comply with any provision of these terms and conditions, in which case we will deduct such costs as are necessary for any costs and damages suffered by us as a result of your breach; (2) The amount of the Security Bond in no way limits any claims against you.
Appears in 3 contracts
Samples: Charter Agreement, Charter Agreement, Charter Agreement
Application of Security Bond. (1) You authorise us to deduct from the Security Bond all costs and expenses incurred, or to be incurred by us, in connection with any of the following matters:
(a) Any part of the vessel is damaged by you or the passengers in which case we will deduct such costs as are necessary to repair such damage. This may include an immediate deduction of the full Security Bond as soon as practical, with any excess funds to be returned once the full amount of damage has been assessed;
(b) The vessel is left in a state that additional or professional cleaning services are required beyond the regular Operator’s Operators routine in which case such costs will be deducted as are necessary to clean the Vessel and will be a minimum of $300.00. Such deduction is at the Operator’s Operators absolute discretion and this decision is final and binding;
(c) Failure to comply with any provision of these terms and conditions, in which case we will deduct such costs as are necessary for any costs and damages suffered by us as a result of your breach;
(2) The amount of the Security Bond in no way limits any claims against you.
Appears in 1 contract
Samples: Charter Agreement
Application of Security Bond. (1) You authorise us to deduct from the Security Bond all costs and expenses incurred, or to be incurred by us, in connection with any of the following matters:
(a) Any part of the vessel is damaged by you or the passengers passengers, in which case we will deduct such costs as are necessary to repair such damage. This may include an immediate deduction of the full Security Bond as soon as practical, with any excess funds to be returned once the full amount of damage has been assessed;
(b) The vessel is left in a state that where additional or professional cleaning services are required beyond the regular Operator’s routine 's routine, in which case such costs will be deducted as are necessary to clean the Vessel and will be a minimum of $300.00. Such deduction is at the Operator’s 's absolute discretion discretion, and this decision is final and binding;
(c) Failure to comply with any provision of these terms and conditions, in which case we will deduct such costs as are necessary for any costs and damages suffered by us as a result of your breach;
(2) The amount of the Security Bond in no way limits any claims against you.
Appears in 1 contract
Samples: Charter Agreement