Warehouse Expiry Sample Clauses

The Warehouse Expiry clause sets a specific time limit for how long goods can be stored in a warehouse under the terms of an agreement. Typically, it outlines the maximum duration items may remain in storage before additional fees apply or the goods must be removed, and may also specify procedures for handling unclaimed or expired items. This clause ensures that warehouse space is managed efficiently and prevents indefinite storage, thereby protecting the warehouse operator from potential losses and clarifying the responsibilities of the parties involved.
Warehouse Expiry. (a) If the Outturn Entitlement has not been outturned, in full, before the Warehouse Expiry, Bunge may, after providing at least 5 Business Days’ notice and consulting during that period with the Warehouser, Title Transfer on behalf of the Warehouser at the best available price for such location, quality and quantity of Grain and account to the Warehouser for the sale proceeds net of selling costs and expenses. (b) For the purposes of Sub-clause 12(a), the Warehouser irrevocably appoints Bunge as its agent and attorney. (c) Malting barley grades not outturned by the Warehouse Expiry may be regraded to feed grade at Bunge’s discretion. (d) No delay in Bunge exercising its rights under this section operates as a waiver nor shall any single or partial exercise of any right or remedy prevent any further or other exercise or the exercise of any other right or remedy. (e) The Warehouser releases Bunge, and must not make any claim in respect of, any Loss suffered by the Warehouser as a result of or in connection with Bunge exercising its rights under this section (including in respect of any delay in exercising its rights resulting in a change in Fair Market Price).
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Related to Warehouse Expiry

  • Lease Expiration Date The last day of the month in which the sixty-sixth (66th) month anniversary of the Lease Commencement Date occurs. 7.4

  • Contract Expiration The contract shall expire 120 days after the final services have been rendered.

  • Amounts; Outside Expiration Date The Agent shall not have any obligation to cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1) the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Combined Availability at such time; (3) in the case of a standby Letter of Credit, the maximum undrawn amount of the requested standby Letter of Credit, together will all other standby Letters of Credit issued for the account of the Borrower, exceeds $20,000,000; or (4) such Letter of Credit has an expiration date later than 30 days prior to the Stated Termination Date or more than 12 months from the date of issuance for standby letters of credit and 180 days for documentary letters of credit. With respect to any Letter of Credit which contains any "evergreen" or automatic renewal provision, each Lender shall be deemed to have consented to any such extension or renewal unless any such Lender shall have provided to the Agent, written notice that it declines to consent to any such extension or renewal at least thirty days prior to the date on which the Letter of Credit Issuer is entitled to decline to extend or renew the Letter of Credit. If all of the requirements of this Section 2.3 are met and no Default or Event of Default has occurred and is continuing, no Lender shall decline to consent to any such extension or renewal.

  • Policy Renewal/Expiration At least thirty (30) days prior to the expiration of any policy required by this Contract, evidence of renewal or replacement policies of insurance with terms no less favorable to OGS than the expiring policies shall be delivered to OGS in the manner required for service of notice in Paragraph A.3.

  • Termination Prior to Expiration of Term This Section shall govern any termination of this Contract except as specifically provided in the following Section for termination for cause. The City reserves the right to terminate this Contract at any time, with or without cause, upon thirty (30) days’ written notice to Consultant, except that where termination is due to the fault of the Consultant, the period of notice may be such shorter time as may be determined by the Contract Officer. In addition, the Consultant reserves the right to terminate this Contract at any time, with or without cause, upon sixty (60) days’ written notice to City, except that where termination is due to the fault of the City, the period of notice may be such shorter time as the Consultant may determine. Upon receipt of any notice of termination, Consultant shall immediately cease all services hereunder except such as may be specifically approved by the Contract Officer. Except where the Consultant has initiated termination, the Consultant shall be entitled to compensation for all services rendered prior to the effective date of the notice of termination and for any services authorized by the Contract Officer thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, except as provided in Section 7.3. In the event the Consultant has initiated termination, the Consultant shall be entitled to compensation only for the reasonable value of the work product actually produced hereunder. In the event of termination without cause pursuant to this Section, the terminating party need not provide the non-terminating party with the opportunity to cure pursuant to Section 7.2.