Initiation $200.00 +HST, Annual Dues $175.00 + HST Mooring Fees @ $68.25 /ft of boat model length (BML) +HST
The Applicant for rental of a slip hereby applies to become a Patron Member in the Club, and agrees to pay the current fees indicated above together with the annual rate per foot of boat model length as determined by the Newport Yacht Club - Stoney Creek Inc. to the Club, upon the terms in the following paragraphs.
1. INITIAL PAYMENT: A single payment, covering the Initiation Fee, the Annual Dues, and the appropriate annual / short term Mooring Fees to be made upon approval of the Member’s application by the Club’s Board of Directors (“Directors")
2. MEMBERS’ RIGHTS:The Patron Member’s rights will be subject to all Club By-laws, rules and regulations and the Patron Member agrees to comply with same.
3. VOTING RIGHTS: As long as the Patron Member is in good standing as defined in the By-Laws, he/she will be a Patron Member of the Club with voting rights as defined in the Club By-laws on all matters that require member approval.
4. OTHER MATTERS: This Agreement constitutes the entire agreement between the parties with respect to the subject matter. This Agreement will be binding upon the parties hereto and their successors and assigns. Each party has been advised to obtain and has obtained independent advice with respect to this Agreement, and hereby confirms that they are entering into this transaction and executing these documents of their own free will and without any coercion or undue influence. This Agreement shall be interpreted in accordance with the laws of the Province of Ontario.
The courts of competent jurisdiction in Ontario, Canada will have complete jurisdiction in the event of any litigation between the parties arising out of this Agreement, and all parties attorn to the exclusive jurisdiction of such courts. All parties agree to execute and provide such further and other assurances as may be required to give effect to the intentions of the parties as herein set out.