Storage Charges definition
Examples of Storage Charges in a sentence
All Storage Charges are non-refundable, and Customer shall have no right to a refund by Company of any pre-paid Storage Charges.
If the Company terminates the Agreement for any reason, the Company shall refund that proportion of the Customer’s paid Storage Charges equal to the proportion of the Agreement that remains after the date of termination, with such proportions based on a 365-day year.
In the event of any Renewal, the Customer shall be invoiced for each Renewal Term not later than thirty (30) days prior to the beginning of such Renewal Term, and the Storage Charges for any such Renewal Term are due on the first day of such Renewal Term; provided, however, that with respect to any Quarter-Year Pallet Storage Charge that the Customer shall be invoiced after the beginning of each Renewal Period.
In addition to the Storage Charges described above and the other charges described herein, if the Customer has selected Wrapped Pallet Storage hereunder, the Customer shall be charged the “Open Pallet Charge” each time the Customer delivers new or additional units of Customer’s Wine for Pallet Storage in the Facility and each time the Customer removes (or causes the removal of) any of the Customer’s Wine from Pallet Storage in the Facility.
The applicable Quarterly Storage Charge(s) shall be adjusted to the Company’s then-current applicable Quarterly Storage Charge(s) for new customers.