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REFUND POLICY
LICENSING FEE
Customers
license the usage of a storage space on a month
to month basis with automatic renewal until
terminated by the parties. All amounts are paid
in advance on the Due Date of each monthly term.
Licensee shall pay a pro rata portion of the
first month’s Licensing Fee, and if the
Commencement Date is after the twentieth (20th)
day of any calendar month, together with a least
one full month’s Licensing Fee, on or before the
Commencement Date or subsequent Due Date prior
to being entitled to any rights associated with
their Customer Use License Agreement.
Any Licensing
fee paid in excess due for month or partial
month in which this Licensing Fee is payable,
shall be credited, pro rata, for the month
immediately following.
The monthly
Licensing Fee may be adjusted by the Licensor
effective the month specified in the written
notice by the Licensor to the Licensee
specifying such adjustment, which notice shall
be given not less than thirty (30) days prior to
the first day of the month for which the
adjustment shall be effective. Any such
adjustment in the monthly Licensing Fee shall
not otherwise affect the terms of this License
and all other terms of this License shall remain
in full force and effect. If Licensee fails to
pay such adjusted Licensing Fee upon the Due
Date of the monthly term in which it becomes
effective, at the option of Licensor, Licensee
shall be conclusively deemed to be delinquent in
payment due and applicable charges will apply,
or Licensee shall be conclusively deemed to have
terminated the license as of the day immediately
preceding the first day of the month term in
which the adjusted Licensing Fee was to become
effective and shall be conclusively deemed to be
over holding without the consent of Licensor.
Licensee
understands and agrees that under no
circumstances will licensee be entitled to a
refund of a pro rata portion of the Licensing
Fee for the month in which termination of this
License occurs unless Licensee provides at least
FOURTEEN (14) days written notice.
OTHER PAYMENTS
Concurrently
with the execution of their License Agreement
and in addition to the Licensing Fee, Customers
pay Licensor a non-refundable new account
administration fee.
In the event
Licensee fails to pay any amount due by the 10th
day of the monthly, Licensee shall reimburse
Licensor the prescribed amount as liquidated
damages associated with the steps of collecting
the delinquent Licensing Fee, in addition to any
other amounts due.
If Licensee is
delinquent in the payment of Licensing Fees or
other charges due hereunder for more than thirty
(30) days, Licensee at the option of the
Licensor, shall be denied access t the premises
and shall reimburse Licensor the prescribed
amount as liquidated damages associated with
processing the delinquent account, ongoing
efforts to collect the Fees owed, perfecting our
statutory lien on the goods contained in the
Premises, and the lien sale costs, whether or
not a sale occurs.
In addition to
any other amounts due hereunder, the Licensee
shall pay the Licensor the prescribed sum as an
administration charge in the event a payment
from the Licensee is not honored.
All fees and reimbursements described herein are
due and payable, immediately upon the occurrence
of the event associated therewith. Payments of
such fees and reimbursements are not refundable. |
