Common use of Other Lien Rights and Remedies Clause in Contracts

Other Lien Rights and Remedies. Company may pursue, at its sole election, all other measures available to enforce its remedies available in admiralty, at law and/or equity, including vessel arrest or attachment, sale of the Vessel pursuant to federal maritime law, the California Boaters Lien Law, and any other available remedy, without prior notice to Vessel Owner, and may exercise other rights herein detailed. By execution of this Agreement, Vessel Owner acknowledges that pursuant to Harbors and Navigation Code Section 501 and by the terms of this Agreement, the Company shall have a lien on the Vessel for money which may become due under this Agreement. Vessel Owner agrees the Company has the right to take possession and control of and remove and store the Vessel, at Vessel Owner’s sole risk and expense, for the purpose of perfecting and executing upon Company’s statutory lien rights in the Vessel. Upon Company’s commencement of actions to obtain a lien against the Vessel, Vessel Owner shall be charged a $100 lien process fee.

Other Lien Rights and Remedies. Company may pursue, at its sole election, all other measures available to enforce its remedies available in admiralty, at law and/or equity, including vessel arrest or attachment, sale of the Vessel pursuant to federal maritime law, the California Boaters Lien Law, and any other available remedy, without prior notice to Vessel Owner, and may exercise other rights herein detailed. By execution of this Agreement, Vessel Xxxxxx Owner acknowledges that pursuant to Harbors and Navigation Code Section 501 and by the terms of this Agreement, the Company shall have a lien on the Vessel for money which may become due under this Agreement. Vessel Xxxxxx Owner agrees the Company has the right to take possession and control of and remove and store the Vessel, at Vessel Owner’s sole risk and expense, for the purpose of perfecting and executing upon Company’s statutory lien rights in the Vessel. Upon Company’s commencement of actions to obtain a lien against the Vessel, Vessel Owner shall be charged a $100 lien process fee.