Restrictions on Payments. (a) CCC will pay only for services authorized by CCC in writing. (b) No charge will be payable to the warehouse operator: (i) By a subsequent holder of the warehouse receipts representing cotton previously owned by CCC for any charges not authorized by this Agreement for services performed with respect to such cotton prior to the time it was pledged to CCC; (ii) By a subsequent holder of the warehouse receipts representing cotton which had been covered by this Agreement for standard density compression, regardless of where such compression was performed, if such cotton has been compressed to a higher density; or (iii) By CCC or a subsequent holder of the warehouse receipt for storage or handling of samples drawn on arrival or the inbound drayage from rail facilities, unless such charge was incurred at the request of CCC.
Appears in 3 contracts
Sources: Cotton Storage Agreement, Cotton Storage Agreement, Cotton Storage Agreement