Common use of Change in Storage Rates Clause in Contracts

Change in Storage Rates. The storage rates are subject to change by Xxxxx Xxxxxxxx; provided, however, Xxxxx Xxxxxxxx shall provide at least thirty (30) days notice to Customer prior to increasing any storage rate. Provided the Customer is given a 30 day advance written notice by registered mail, Customer further agrees that Xxxxx Xxxxxxxx may amend the Terms and Conditions and the Fee Schedule from time to time as set forth in the Terms and Conditions and Customer shall be bound by each amendment. If the Spot price for futures contracts and options for Silver futures averages over $50.00 per ounce for 90 consecutive days, the Storage Rate for Silver may be adjusted (using exchanges such as the CME Globex trading platforms, LBMA, etc.). If the Spot price for futures contracts and options for Gold futures averages over $5000.00 per ounce for 90 consecutive days, the Storage Rate for Gold may be adjusted (using exchanges such as the CME Globex trading platforms, LBMA, etc.).