Common use of ACCOUNT IN GOOD STANDING Clause in Contracts

ACCOUNT IN GOOD STANDING. This agreement is based upon mutual understanding that Licensee’s account will remain in good standing, which includes but is not limited to notifying the Port of any change in contact information, including mailing address, e-mail address or phone number. If at any time the account becomes delinquent, this agreement is cancelable by the Port and the moorage permit may be revoked. The Port may take permissible actions to collect delinquent Port charges or to deem vessels abandoned or derelict.

Appears in 4 contracts

Sources: Interlocal Agreement for Moorage, Moorage Agreement, Moorage License Agreement