Common use of Storage Rate Clause in Contracts

Storage Rate. With respect to Gold or Platinum (and subject to Section 1(c) below), the storage rate shall be $1.00 per ounce per month of the Gold or Platinum in Storage up to 49oz. the storage rate shall be $0.85 per ounce per month of the Gold or Platinum in Storage from 50 to 99oz. the storage rate shall be $0.75 per ounce per month of the Gold or Platinum in Storage from 100 to 249oz. the storage rate shall be $0.65 per ounce per month of the Gold or Platinum in Storage from 250 to 499oz. *Please call for 500 ounces or more. With respect to Silver (and subject to Section 1(c) below), the storage bin rate shall be $39 per month from 1 oz. to 1999 oz. the storage bin rate shall be $75 per month from 2000oz. to 3999 oz. the storage bin rate shall be $109 per month from 4000oz. to 5999 oz. the storage bin rate shall be $139 per month from 6000oz. to 7999 oz. the storage bin rate shall be $169 per month from 8000oz. to 9999 oz. *Please call for 10,000 ounces or more. The storage rates for all other Precious Metals will be mutually agreed upon and evidenced in writing signed by Customer and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇.

Appears in 7 contracts

Sources: Custody Agreement, Custody Agreement, Custody Agreement