Contractual Liens Sample Clauses
A Contractual Liens clause establishes the right of one party to claim a security interest in specific property or assets as collateral for the performance of contractual obligations. In practice, this means that if a party fails to fulfill its obligations, such as payment or delivery of goods, the other party may enforce the lien to recover losses, often by retaining or selling the secured property. This clause serves to protect the interests of the party granting credit or services by providing a legal mechanism to secure repayment or performance, thereby reducing the risk of non-payment or breach.
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Contractual Liens. All Goods received by Us will be subject to a general lien for any moneys due by You to Us relating to any Services provided under this or any other agreement. Without prejudice to any other rights which We may have under this contract or otherwise at law, if any amounts have been outstanding for a period of 26 weeks, We may give 28 days’ written notice to You of intention to sell, and if the outstanding amount is not paid within that period, We may SELL ALL OR ANY OF THE GOODS and exercise any other rights We have under clause 6.8 relating to the sale of the Goods and apply the net proceeds in satisfaction of the amount due.
Contractual Liens. All Goods received by Us will be subject to a general lien for any moneys due by You to Us relating to any Services provided under this Agreement or any other agreement.
Contractual Liens. All Goods received by Us will be subject to a general lien for any moneys due by You to Us relating to any Services provided under this or any other agreement. Without prejudice to any other rights which We may have under this contract or otherwise at law, if any amounts have been outstanding for a period of 26 weeks, We may give 28 days’ written notice to You of intention to sell, and if the outstanding amount is not paid within that period, We may SELL ALL OR ANY OF THE GOODS by public auction or on Ebay or a similar online auction sale facility or, if that is not reasonably practicable, by private treaty and apply the net proceeds in or towards satisfaction of the amount due.
Contractual Liens. All Goods received by Us are subject to a general lien for any moneys due by You. If amounts are outstanding for 26 weeks, We may sell the Goods after 28 days' notice and apply the proceeds to the amount due.
Contractual Liens. ALL GOODs RECEivED BY Us WiLL BE suBJECT TO A gENERAL LiEN FOR ANY MONEYs DuE BY YOu TO Us RELATiNg TO ANY SERviCEs PROviDED uNDER THis OR ANY OTHER AgREEMENT. WiTHOuT PREJuDiCE TO ANY OTHER RigHTs WHiCH WE MAY HAvE uNDER THis CONTRACT OR OTHERWisE AT LAW, iF ANY AMOuNTs HAvE BEEN OuTsTANDiNg FOR A PERiOD OF 26 WEEKs, WE MAY givE 28 DAYs’ WRiTTEN NOTiCE TO YOu OF iNTENTiON TO sELL, AND iF THE OuTsTANDiNg AMOuNT is NOT PAiD WiTHiN THAT PERiOD, WE MAY SELL ALL OR ANY OF THE GOODS AND ExERCisE ANY OTHER RigHTs WE HAvE uNDER CLAusE 6.8 RELATiNg TO THE sALE OF THE GOODs AND APPLY THE NET PROCEEDs iN sATisFACTiON OF THE AMOuNT DuE.
Contractual Liens. All Goods received by ▇▇▇▇▇ will be subject to a general lien for any moneys due by You to Egans relating to any Services provided under this or any other agreement. Without prejudice to any other rights which We may have under this contract or otherwise at law, if any amounts have been outstanding for a period of 26 weeks, We may give 28 days written notice to You of intention to sell, and if the outstanding amount is not paid within that period, We may SELL ALL OR ANY OF THE GOODS by public auction or, if that is not reasonably practicable, by private treaty and apply the net proceeds in satisfaction of the amount due.