Short Term Storage definition
Examples of Short Term Storage in a sentence
For the avoidance of doubt, at the conclusion [***…***], any Satellite(s) or Satellite Batch(es) remaining in Short Term Storage for reasons not attributable to Contractor, and that have not been designated for delivery by Purchaser to a Launch Site or other non-Contractor or Subcontractor facility as contemplated in Article 31.3, shall be deemed to be delivered to Long Term Storage.
With respect to each Satellite, title and risk of loss to a Satellite or Satellite Batch delivered to Short Term Storage or Long Term Storage shall remain with Contractor at the storage site for the Storage period.
Unless the Long Term Storage of any Satellite(s) or Satellite Batches is for reasons attributable to Contractor, any pre and post-storage operation and re-verification testing in excess of what would have been required if the Satellite were placed in Short Term Storage during the NEXT System Launch Campaign will be considered a Change Order under Article 15.
In the event a Satellite is placed in Short Term Storage or Long Term Storage, Purchaser shall notify Contractor in writing when the Satellite should be removed from Storage and delivered to the Launch Site.
Payments of Long Term Storage Costs or Short Term Storage Actual Cost reimbursements required to be made under Article 31.1 shall be made by Purchaser within thirty (30) days following receipt of Contractor’s invoice issued each calendar quarter starting from the date of entry into Storage.