Common use of DEFAULT – RIGHT TO SELL OR DISPOSE OF GOODS Clause in Contracts

DEFAULT – RIGHT TO SELL OR DISPOSE OF GOODS. 4.1. We take the issue of prompt payment seriously and have a right of lien, which is a right to seize and sell or otherwise dispose of some or all of Your Goods as security for Your obligation to make payments under this Agreement. If any sum owing to Us and other fees related to it are not paid when due (“Debt”), You authorise Us without further notice to: (a) refuse You and Your Agents access to the Goods, the Unit and the Facility and overlock the Unit until the Debt has been paid in full; (b) enter the Unit and inspect and/or remove the Goods to another Unit or site and to charge You for all reasonable costs of doing so on any number of occasions; and (c) apply the Deposit against the Debt and, if insufficient to clear it in full, hold onto and/or ultimately sell or dispose of some or all of the Goods in accordance with Conditions 4.3 to 4.5. You acknowledge that (a) We shall be entitled to continue to charge for storage from the date the Debt becomes due until payment is made in full or the Goods are sold or disposed of; (b) We will sell the Goods as if We are the owner and will pass all rights of ownership in the Goods to the buyer; and (c) if You do not pay fees on the Due Date, the value of any discounts and special offers (including periods of free storage) which You have received will be payable by You in full.

Appears in 4 contracts

Samples: Conditions of Agreement, Storage Agreement, www.gatwickselfstorage.co.uk

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DEFAULT – RIGHT TO SELL OR DISPOSE OF GOODS. 4.1. We take 6.1 FO takes the issue of prompt payment seriously and have has a right of lien, which is a right to seize and sell or otherwise dispose of some or all of Your the Goods as security for Your obligation to make payments under this Agreementagreement. If any sum owing to Us FO and other fees related to it are not paid when due (“Debt”), You authorise Us FO without further notice to: (a) refuse You and Your Agents access to the Goods, the Unit Unit(s) and the Facility and overlock the Unit Unit(s) until the Debt has been paid in full; (b) enter the Unit Unit(s) and inspect and/or remove the Goods to another Unit unit or site and to charge You for all reasonable costs of doing so on any number of occasions; and (c) apply the Deposit against the Debt and, if insufficient to clear it in full, hold onto and/or ultimately sell or dispose of some or all of the Goods in accordance with Conditions 4.3 6.3 to 4.56.5. You acknowledge that (a) We FO shall be entitled to continue to charge for storage from the date the Debt becomes due until payment is made in full or the Goods are sold or disposed of; (b) We FO will sell the Goods as if We are FO was the owner and will pass all rights of ownership in the Goods to the buyer; and (c) if You do not pay fees on the Due DateDate and upon FO notifying You in writing of the Debt, the value of any discounts and special offers (including periods of free storage) which You have received will be payable by You in full.full.‌

Appears in 1 contract

Samples: Please Note That These Terms

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DEFAULT – RIGHT TO SELL OR DISPOSE OF GOODS. 4.16. We take XX takes the issue of prompt payment seriously and have has a right of lien, which is a right to seize and sell or otherwise dispose of some or all of Your the Goods as security for Your obligation to make payments under this Agreement. If any sum owing to Us FO and other fees related to it are not paid when due (Debt), You authorise Us FO without further notice to: (a) refuse You and Your Agents access to the Goods, the Unit and the Facility and overlock the Unit until the Debt has been paid in full; (b) enter the Unit and inspect and/or remove the Goods to another Unit unit or site and to charge You for all reasonable costs of doing so on any number of occasions; and (c) apply the Deposit against the Debt and, if insufficient to clear it in full, hold onto and/or ultimately sell or dispose of some or all of the Goods in accordance with Conditions 4.3 8 to 4.510. You acknowledge that (a) We FO shall be entitled to continue to charge for storage from the date the Debt becomes due until payment is made in full or the Goods are sold or disposed of; (b) We FO will sell the Goods as if We are FO was the owner and will pass all rights of ownership in the Goods to the buyer; and (c) if You do not pay fees on the Due Date, the value of any discounts and special offers (including periods of free storage) which You have received will be payable by You in full.

Appears in 1 contract

Samples: Self Storage Licence Agreement

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