Common use of TRANSFER OF STORAGE UNITS Clause in Contracts

TRANSFER OF STORAGE UNITS. The Customer shall only be entitled to transfer to or receive one or more Storage Units from a Storage Facility User with the prior consent of the Storage Facility Manager, which may only refuse on reasonable grounds. Should the Customer breach this provision, the Storage Facility Manager may terminate the Contract ipso jure, with no advance notice or compensation. The transferor and the transferee of Storage Units shall each separately send the Storage Facility Manager a written request by e-mail or letter specifying: ▪ their respective identity, ▪ the whole number of Storage Units transferred, ▪ the effective date of the transfer, which can be only the first Day of a Month, ▪ the effective end date of the transfer, which can only be 31 March of any year, ▪ the Standard Product or the Specific Product in question. Any transfer requests by the transferor, as well as their confirmation by the transferee, must reach the Storage Facility Manager at least three (3) days before the effective date of the transfer. Any request made less than three (3) days before the effective date of the requested transfer can only be honoured on the first Day of the Month following the effective date of the requested transfer. The Storage Facility Manager undertakes to respond to a capacity sale request within three (3) business days of receipt of the transferee's request. From the effective date of the transfer, the Storage Units to which the transferor and the transferee subscribed shall be adjusted accordingly, the transferor and transferee being responsible for meeting their contractual obligations thereafter, particularly those relating to the Minimum Stock and Maximum Stock. A transfer is free of charge for both the transferor and the transferee. The transfer of a Storage Unit will be valid only as of the signing of a rider to the transferor's and to the transferee's contracts and the fulfilment by the transferor of the terms specified in article

Appears in 2 contracts

Samples: General Terms and Conditions, General Terms and Conditions

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TRANSFER OF STORAGE UNITS. The Customer shall only be entitled to transfer to or receive one or more Storage Units from a Storage Facility User with the prior consent of the Storage Facility Manager, which may only refuse on reasonable grounds. Should the Customer breach this provision, the Storage Facility Manager may terminate the Contract ipso jure, with no advance notice or compensation. The transferor and the transferee of Storage Units shall each separately send the Storage Facility Manager a written request by e-mail or letter specifying: their respective identity, the whole number of Storage Units transferred, the effective date of the transfer, which can be only the first Day of a Month, the effective end date of the transfer, which can only be 31 March of any year, the Standard Product or the Specific Product in question. Any transfer requests by the transferor, as well as their confirmation by the transferee, must reach the Storage Facility Manager at least three (3) days before the effective date of the transfer. Any request made less than three (3) days before the effective date of the requested transfer can only be honoured on the first Day of the Month following the effective date of the requested transfer. The Storage Facility Manager undertakes to respond to a capacity sale request within three (3) business days of receipt of the transferee's request. From the effective date of the transfer, the Storage Units to which the transferor and the transferee subscribed shall be adjusted accordingly, the transferor and transferee being responsible for meeting their contractual obligations thereafter, particularly those relating to the Minimum Stock and Maximum Stock. A transfer is free of charge for both the transferor and the transferee. The transfer of a Storage Unit will be valid only as of the signing of a rider to the transferor's and to the transferee's contracts and the fulfilment by the transferor of the terms specified in article

Appears in 1 contract

Samples: General Terms and Conditions

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TRANSFER OF STORAGE UNITS. The Customer shall only be entitled to transfer to or receive one or more Storage Units from a Storage Facility User with the prior consent of the Storage Facility Manager, which may only refuse on reasonable grounds. Should the Customer breach this provision, the Storage Facility Manager may terminate the Contract ipso jure, with no advance notice or compensation. The transferor and the transferee of Storage Units shall each separately send the Storage Facility Manager a written request by e-mail or letter specifying: their respective identity, the whole number of Storage Units transferred, the effective date of the transfer, which can be only the first Day of a Month, the effective end date of the transfer, which can only be 31 March of any year, the Standard Product or the Specific Product in question. Any transfer requests by the transferor, as well as their confirmation by the transferee, must reach the Storage Facility Manager at least three (3) days before the effective date of the transfer. Any request made less than three (3) days before the effective date of the requested transfer can only be honoured on the first Day of the Month following the effective date of the th e requested transfer. The Storage Facility Manager undertakes to respond to a capacity sale request within three (3) business days of receipt of the transferee's request. From the effective date of the transfer, the Storage Units to which the transferor and the transferee subscribed shall be adjusted accordingly, the transferor and transferee being responsible for meeting their contractual obligations thereafter, particularly those relating to the Minimum Stock and Maximum Stock. A transfer is free of charge for both the transferor and the transferee. The transfer of a Storage Unit will be valid only as of the signing of a rider to the transferor's and to the transferee's contracts and the fulfilment by the transferor of the terms specified in article

Appears in 1 contract

Samples: General Terms and Conditions

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