Holdovers. If the Licensee fails to immediately remove the vessel from the Marina upon any expiration or termination of this License, the Licensee shall pay to Bosport on demand a holdover charge at the daily transient rate specified by Bosport from time to time, together with all other amounts due to Bosport. Furthermore, if the Licensee fails to immediately remove the Vessel from the Marina upon the expiration or termination of the License, Bosport shall have the right to remove the Vessel from the Marina, forcibly if necessary, and to store the Vessel at the Licensee’s expense. If the Licensee fails to remove the Vessel from storage within 30 days, Bosport shall have the right to deem the Vessel abandoned and to dispose of it by any customary methods without accounting to the Licensee or the Vessel’s owner.
Appears in 4 contracts
Samples: Dockage Agreement, Dockage Agreement, Dockage Agreement
