Carrying Charges Sample Clauses
The Carrying Charges clause defines the costs associated with holding or maintaining an asset, property, or inventory over a period of time. These charges typically include expenses such as interest, taxes, insurance, storage, and maintenance that accrue while the asset is owned but not yet sold or transferred. By specifying which party is responsible for these ongoing costs, the clause ensures that there is no ambiguity regarding financial obligations during the holding period, thereby preventing disputes and allocating risk appropriately between the parties.
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Carrying Charges. AESOP Leasing agrees to pay to the Lender on each Payment Date an amount equal to the product of (A) the applicable Loan Agreement's Share as of such Payment Date times (B) all accrued and unpaid Carrying Charges that are accrued and unpaid as of each such Payment Date.
Carrying Charges. Upon payment of the carrying charges herein, and upon compliance with the other terms of this Agreement, the By-laws of the Cooperative, and the Rules and Regulations established by the Members, all as they may be amended from time to time, the Member shall have a perpetual right to occupy said Lot. If Member intends to terminate the Occupancy Agreement and membership, Member shall provide thirty (30) days written notice to the Cooperative. The Member covenants and agrees to pay all carrying charges and other expenses in a timely manner (hereinafter called “Charges ”) in the monthly sum of Three Hundred, Seventy-Five Dollars ($375) owning a manufactured home in the Park, the Member s’ share of the monthly sum currently required by the Cooperative, as estimated by its Board of Directors, to meet its expenses and reserves. The Board may increase the Charges, if it deems necessary, with a sixty (60) day written notice. Beginning April 1, 2002 the Cooperative, so as to encourage prompt payment of the Charges, requires that the Charges must be paid on the 1st day of each month and that there is a $25.00 late payment penalty for Charges received after the 5th of each month.
Carrying Charges. At the end of every quarter, Flextronics shall report the Excess Inventory. Such Excess Inventory reports shall normally be deemed agreed to by LumiraDx, unless LumiraDx provides a written objection within [***] of the end of the corresponding quarter. LumiraDx shall pay Flextronics a carrying cost fee equal to the [***].
Carrying Charges. Provided Buyers have given notice claiming extension as per clause 12, carrying charges shall be due and calculated from the first day of Extension Period based on total shipped quantity at the rate of US$ 0.15 per metric ton per day for the first 10 days, thereafter an increase of US$ 0.05 per metric ton per day shall apply for each further following period of 10 days up to the date the Vessel’s loading operation is fully completed at loading berth. Carrying charges are construed in the nature of liquidated damages and, as such, no further proof of damages shall be required. The foregoing rate includes storage, interest, shrinkage and insurance costs. The following shall apply under this clause: A) If nominated/substituting vessel tenders a valid “NOR” as per clause 10 on or before the last day of Delivery Period, carrying charges are not due, even if goods are loaded or loading is completed after the Delivery Period.
Carrying Charges. At the end of every calendar month, Flextronics shall report the Excess Inventory. After a validation period, which shall not exceed [***], Customer shall pay Flextronics a carrying cost fee equal to the Cost of the Excess Inventory times the Monthly Charges.
Carrying Charges. Provided Buyers have given notice claiming extension as per clause 12, carrying charges shall be 206 due and calculated from the first day of Extension Period based on total shipped quantity at the rate of US$ 0.15 per 207 metric ton per day for the first 10 days, thereafter an increase of US$ 0.05 per metric ton per day shall apply for each 208 further following period of 10 days up to the date the Vessel’s loading operation is fully completed at loading berth. 209 Carrying charges are construed in the nature of liquidated damages and, as such, no further proof of damages shall be 210 required. The foregoing rate includes storage, interest, shrinkage and insurance costs. 211 212 The following shall apply under this clause: 213 214 A. If nominated/substituting vessel tenders a valid “NOR” as per clause 10 on or before the last day of Delivery 215 Period, carrying charges are not due, even if goods are loaded or loading is completed after the Delivery Period.
1. If Seller obligation to load starts in the Extension Period, carrying charges will be due until shipment date.
217 B. If the nominated goods are loadready and berth is free but the vessel does not berth for any reason beyond 218 Sellers’ control, carrying charges shall be due from the first day after the end of Delivery Period even if vessel 219 tendered “NOR” within the Delivery Period.
220 C. If detention is due under 11.1, no carrying charges are due during such periods as detention is payable.
221 D. If ▇▇▇▇▇ fails to give extension notice as per clause 12 and ▇▇▇▇▇▇ decides to ship the goods, Carrying Charges 222 as provided for in this clause shall be due. 223
Carrying Charges. At the end of every calendar month, Flextronics shall report all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] days of demand for Products under the then-current purchase order(s) and Forecast to Customer. After a validation period, which shall not exceed 15 days, Customer shall pay Flextronics Monthly Charges for such Inventory.
Carrying Charges. Interest expense calculated on the average monthly balance using the consensus prime rate as reported in the Wall Street Journal.
Carrying Charges. In the event any or all the goods are not on board the vessel by the last day of the period of delivery (*specify as applicable):
* 13.1 Provided Buyers have given notice claiming extension as per clause 12, carrying charges shall be due and calculated from the first day of Extension Period based on total shipped quantity at the rate of US$ 0.75 per metric ton per day for the first 15 days and US$
Carrying Charges. In the event any or all the goods are not on board the vessel by the last day of the period of delivery (*specify as applicable): *