Common use of Storage Rate Clause in Contracts

Storage Rate. With respect to Gold or Platinum (and subject to Section 1(c) below), the storage rate shall be $1.00 per ounce per month of the Gold or Platinum in Storage up to 49oz. the storage rate shall be $0.85 per ounce per month of the Gold or Platinum in Storage from 50 to 99oz. the storage rate shall be $0.75 per ounce per month of the Gold or Platinum in Storage from 100 to 249oz. the storage rate shall be $0.65 per ounce per month of the Gold or Platinum in Storage from 250 to 499oz. *Please call for 500 ounces or more. With respect to Silver (and subject to Section 1(c) below), the storage bin rate shall be $39 per month from 1 oz. to 1999 oz. the storage bin rate shall be $75 per month from 2000oz. to 3999 oz. the storage bin rate shall be $109 per month from 4000oz. to 5999 oz. the storage bin rate shall be $139 per month from 6000oz. to 7999 oz. the storage bin rate shall be $169 per month from 8000oz. to 9999 oz. *Please call for 10,000 ounces or more. The storage rates for all other Precious Metals will be mutually agreed upon and evidenced in writing signed by Customer and Xxxxx Xxxxxxxx.

Appears in 7 contracts

Samples: Custody Agreement, Custody Agreement, Custody Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!