HomeMy WebLinkAbout0973 21, SecurltY D~poaiti
It la ~utually ~gr~ed th~t th~ aell~r shnll collact veekly en amour~t cq usi
to .0025 c~~t• p~r q~llor~ lroa th~ wrk~t~r•s psrc~ntaq• split of the profit.
This rouot shall b~ coll~ct~d untll a?~ch ti~ne as t~e seller ~es acc~snulated th•
equlvalant o! oa• fu:~ wsk's t~rsipt. This wount sh~ll b~ kept by the s~ller
aa s~cnritY for tl?~ s~ll~r•s ssc~ipts frow sal~ of q~solln~. Sulltr •qr~~c co
.n„~.iir ~,aar iac~r~st puival~nt to th• non~al p~ssDook sevinqs rete, •
Marklt~r Cat~ •llainat• tl~is p~ys+~nC Dy plscin:~ e css~ deE,osit of 510,000 or
on• wsk's squivalsnt of s~l~s~ vAich~v~r la qrester~ on drposit vic~ seller or
Dr pso~idiaq ssl~sr vitA ao izr~voc~Dl• l~ct~r oq cr~dit on tha seller~s behalf
in th~ roawt of one wek~s sales equivalent.
5~11~t trow tia~ to tie~, bas~d an sales of tAe location, has che riqht ta
~wad tM Mo~nt ot tA~ deposit. Mark~ter a~rees to canply wich an,endment upon
vrit~sn notie• ~ vithin ~0 d~ys of seid notice.
; 25. oranding
~ t~ tM •wnt th~ a~ll~r ¦ust s~cur~ • di ffertnt Drand of prt roleun produe~s
~
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E in iM f~tint~, than by ¦utu~l cons~ni of the c~ll~r t ~narketer, the bub~ect prap~rty
~ tan D~ r~btandld to th~ ntr btand. Cost Qf robr~ndinq th~ locscion, as th~r ~ff~ct
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~ t M p~tsol~ r aask~tinq puiprtnt ~nd slyn~qe, snall ba the axpense of tho s~ll~r.
~ u~o+~ vritt~• cc~assot of tM aaller, th• aarkQter at ner sole expense m~y rebrand
s
ar~r bui~dLqs or aign~q~ to th~, new brand.
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~ 26, Litlqation~
~ UAd~r tsi'~s and co~fditians af Lhls lease and raerketinq eqre~ment, 1~ is ~qreed
~
; ehe prev~ill~9 party 1A anr lavsult eh~ll nsve tR~ riqht to collect reasonable cozts
~ and •ttora~r's f~~s frow~ th~ losinq p~rty.
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2 ~
La~N 4gr~as to financ~ the coasiructicn, eq u~paent end inscellation of a
caspl~t~ p~trol~~ storaqe system.
A. *otal ieount to t~ financed it SSO,~C~0.00
~ B. TM• aeo~?t financed shall be ~t the interezt rate of l~s
C. TA~ tsr~ .oi a~id tin~ncinq shall be for 1 S peers vlth equel parents for
,~0 sontDs.
D. 1wsiOt ~qrtts tt~at t~~s fln~ncinq eqreemen[ s~e21 ht evidencled and secUeed
br a Mottqaq~ siqa~d eod exacuted by the l~,csor on behalf of the lessee,
Ssid ibztga9• to be execut~d prior co coa~ntnrement of the petrole u~ ~ezketing
, faci2lt~.
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