General Lien of FBL Products. X. Xxxxxx shall, subject to any applicable law, have a lien on any Products in Lazada’s possession for any Fees due and owing from you. X. Xxxxxx shall have a general lien against any and all FBL Products for any Fees due and owing from you as well as any reasonable expenses incurred by Lazada for the preservation of the FBL Products pursuant to applicable Law. Lazada shall provide written notice to Seller of its intent to exercise the general lien, the exact amount of monies due and owing, as well as any ongoing storage or other charges. In the event that the Seller does not make full payment of such outstanding monies owed to Lazada within fourteen (14) days of such notice, Xxxxxx shall have the right to sell the FBL Products in respect of which it has exercised its general lien at a public or private sale or auction and any net proceeds remaining thereafter shall be refunded to the Seller. Seller represents, warrants and undertakes that the FBL Products are and shall be free and clear of liability and liens (other than pursuant to this paragraph). Seller shall remain liable for any outstanding monies which remain unpaid after Lazada has sold the FBL Products, to the extent that these exceed the proceeds from the sale of the FBL Products. C. For the avoidance of doubt, in the event that Xxxxxx is enforcing the general lien referred to above, it may at its sole discretion choose not to provide any of the FBL Services in relation to the FBL Products in relation to which the general lien is being exercised.
Appears in 2 contracts
Samples: Terms of Service, Terms of Service (Seller)
General Lien of FBL Products. X. Xxxxxx A. LEI shall, subject to any applicable law, have a lien on any Products in LazadaLEI’s possession for any Fees due and owing from you.
X. Xxxxxx XXX shall have a general lien against any and all FBL Products for any Fees due and owing from you as well as any reasonable expenses incurred by Lazada LEI for the preservation of the FBL Products pursuant to applicable LawLaws. Lazada LEI shall provide written notice to Seller of its intent to exercise the general lien, the exact amount of monies due and owing, as well as any ongoing storage or other charges. In the event that the Seller does not make full payment of such outstanding monies owed to Lazada LEI within fourteen (14) days of such notice, Xxxxxx LEI shall have the right to sell the FBL Products in respect of which it has exercised its general lien at a public or private sale or auction and any net proceeds remaining thereafter shall be refunded to the Seller. Seller represents, warrants and undertakes that the FBL Products are and shall be free and clear of liability and liens (other than pursuant to this paragraph). Seller shall remain liable for any outstanding monies which remain unpaid after Lazada LEI has sold the FBL Products, to the extent that these exceed the proceeds from the sale of the FBL Products.
C. For the avoidance of doubt, in the event that Xxxxxx LEI is enforcing the general lien referred to above, it may at its sole discretion choose not to provide any of the FBL Services in relation to the FBL Products in relation to which the general lien is being exercised.
Appears in 2 contracts
Samples: Logistics Services Agreement, Logistics Services Agreement
General Lien of FBL Products. X. Xxxxxx A. Lazada shall, subject to any applicable law, have a lien on any Products in Lazada’s possession for any Fees due and owing from you.
X. Xxxxxx B. Lazada shall have a general lien against any and all FBL Products for any Fees due and owing from you as well as any reasonable expenses incurred by Lazada Xxxxxx for the preservation of the FBL Products pursuant to applicable Law. Lazada shall provide written notice to Seller of its intent to exercise the general lien, the exact amount of monies due and owing, as well as any ongoing storage or other charges. In the event that the Seller does not make full payment of such outstanding monies owed to Lazada within fourteen (14) days of such notice, Xxxxxx shall have the right to sell the FBL Products in respect of which it has exercised its general lien at a public or private sale or auction and any net proceeds remaining thereafter shall be refunded to the Seller. Seller represents, warrants and undertakes that the FBL Products are and shall be free and clear of liability and liens (other than pursuant to this paragraph). Seller shall remain liable for any outstanding monies which remain unpaid after Lazada has sold the FBL Products, to the extent that these exceed the proceeds from the sale of the FBL Products.
C. For the avoidance of doubt, in the event that Xxxxxx is enforcing the general lien referred to above, it may at its sole discretion choose not to provide any of the FBL Services in relation to the FBL Products in relation to which the general lien is being exercised.
Appears in 1 contract
Samples: Terms of Service (Seller)