Common use of Chattels Clause in Contracts

Chattels. 15.1 This sale includes the chattels (if any) listed in the Specifications. Ownership of those chattels will pass to the Buyer on the Settlement Date free from all encumbrances and adverse claims. Where any of the chattels described in the Specifications are not available or are otherwise not obtained by the Seller for inclusion in the Lot, the Buyer shall take no Objection to, nor make any claims in respect of, the Seller including in the Lot such replacement chattels of a generally similar type of and of a standard not substantially less than those described in the Specifications. 15.2 The Seller hereby assigns (so far as it is able to do so) to the Buyer from Settlement, the benefit of any manufacturers' warranties given in favour of the Seller with respect to the chattels. Any acts necessary to perfect the assignment shall be undertaken by the Buyer at the Buyer's cost and expense. 15.3 The chattels are at the risk of the Seller until Settlement.

Chattels. 15.1 This sale includes the chattels (if any) listed in the Specifications. Ownership of those chattels will pass to the Buyer on the Settlement Date free from all encumbrances and adverse claims. Where any of the chattels described in the Specifications are not available or are otherwise not obtained by the Seller for inclusion in the Lot, the Buyer shall take no Objection to, nor make any claims in respect of, the Seller including in the Lot such replacement chattels of a generally similar type of and of a standard not substantially less than those described in the Specifications. 15.2 The Seller hereby assigns (so far as it is able to do so) to the Buyer from Settlement, the benefit of any manufacturers' ’ warranties given in favour of the Seller with respect to the chattels. Any acts necessary to perfect the assignment shall be undertaken by the Buyer at the Buyer's ’s cost and expense. 15.3 The chattels are at the risk of the Seller until Settlement.