Common use of Owner Initials Clause in Contracts

Owner Initials. Sublicensing or subleasing of slips or buoys by Owner is not permitted. Further, Owner shall not allow occupancy of the Vessel in exchange for payment or other consideration (including specifically, without limitation, occupancy pursuant to a transaction through Airbnb, Boatsetter or other companies offering similar services) while the Vessel is at the Marina Premises. Owner is prohibited from storing or locating any vessel other than the Vessel described herein in the slip or buoy with respect to which a license is granted under this Agreement. Owner agrees that Licensor may reassign and move any Vessel to a different slip if Licensor reasonably believes that moving such Vessel is necessary to avoid damage or injury to persons or property due to weather or other inclement conditions.

Owner Initials. Sublicensing or subleasing of slips or buoys by Owner is not permitted. Further, Owner shall not allow occupancy of the Vessel in exchange for payment or other consideration (including specifically, without limitation, occupancy pursuant to a transaction through Airbnb, Boatsetter or other companies offering similar services) while the Vessel is at the Marina Premises. Owner is prohibited from storing or locating any vessel other than the Vessel described herein in the slip or buoy with respect to which a license is granted under this Agreement. Owner agrees that Licensor may reassign and move any Vessel to a different slip if Licensor reasonably believes that moving such Vessel is necessary to avoid damage or injury to persons or property due to weather or other inclement conditions.. Draft Only