Common use of Storage of Customer Equipment Clause in Contracts

Storage of Customer Equipment. If Customer does not remove the Customer Equipment as required by this Agreement, Licensor may remove Customer Equipment to a secure storage area, at Customer's expense. Licensor shall not be liable for any loss or damage caused to Customer or its Customer Equipment or other property resulting from such removal and storage. If Licensor and Company do not receive payment of all unpaid Service Fees and other amounts due and payable to Licensor and Company, and the cost of removal and storage within sixty (60) days after the end of the Term, Licensor or Company may sell the Customer Equipment at public or private sale. The proceeds of such sale shall be applied to costs and to any amounts owing by Customer to Licensor and/or Company, and any damages incurred by Licensor and/or Company, and the balance, if any, shall be paid to Customer. DEFAULT PROVISIONS

Appears in 2 contracts

Samples: License and Service Agreement (Midnet Inc), License and Service Agreement (Midnet Inc)

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Storage of Customer Equipment. If Customer does not remove the Customer Equipment as required by this Agreement, Licensor may remove Customer Equipment to a secure storage area, at Customer's ’s expense. Licensor shall not be liable for any loss or damage caused to Customer or its Customer Equipment or other property resulting from such removal and storage. If Licensor and Company do not receive payment of all unpaid Service Fees and other amounts due and payable to Licensor and Company, and the cost of removal and storage within sixty (60) days after the end of the Term, Licensor or Company may sell the Customer Equipment at public or private sale. The proceeds of such sale shall be applied to costs and to any amounts owing by Customer to Licensor and/or Company, and any damages incurred by Licensor and/or Company, . and the balance, if any, shall be paid to Customer. DEFAULT PROVISIONS.

Appears in 1 contract

Samples: License and Service Agreement (Liveworld Inc)

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Storage of Customer Equipment. If Customer does not remove the Customer Equipment as required by this Agreement, Licensor may may, without limiting any other rights or remedies, remove the Customer Equipment to a secure storage area, at Customer's ’s expense. Licensor shall not be liable for any loss or damage caused to Customer or its Customer Equipment or other property resulting from such removal and storage. If Licensor and Company do does not receive payment of all unpaid Service Fees, License Fees and other amounts due and payable to Licensor and CompanyLicensor, and the cost of removal and storage within sixty (60) days after the end of the applicable Term, Licensor or Company may may, without notice to Customer, sell the Customer Equipment at public or private sale. The proceeds of such sale shall be applied to costs and to any amounts owing by Customer to Licensor and/or CompanyLicensor, and any damages incurred by Licensor and/or CompanyLicensor, and the balance, if any, shall be paid to Customer. DEFAULT PROVISIONS.

Appears in 1 contract

Samples: License and Service Agreement (Digital Domain Media Group, Inc.)

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