POSSESSION AND TRANSFER OF RISK Sample Clauses

POSSESSION AND TRANSFER OF RISK. 10.1 The Risk passes to the Buyer once the Buyer or his/her agent receives the keys to the car or takes possession of the vehicle. 11.
Sample 1Sample 2Sample 3See All (17)
AutoNDA by SimpleDocs
POSSESSION AND TRANSFER OF RISK. 10.1 The Risk passes to the Buyer once the Buyer or his/her agent receives the keys to the boat or takes possession of the boat and (motor, trailer, equipment).
Sample 1Sample 2Sample 3
POSSESSION AND TRANSFER OF RISK. 14.1 The risk passes to the Buyer once the Buyer or his/her agent takes possession of the Goods.
Sample 1Sample 2
POSSESSION AND TRANSFER OF RISK. 10.1 The Risk passes to the Buyer once the Buyer or his/her agent receives the keys to the boat or takes possession of the boat (and motor, trailer, equipment). 10.2 Loss of or damage to the boat, trailer, motor or any equipment specified will not release the Buyer from his/her obligations under the terms of this agreement. 10.3 The Buyer shall insure all items specified under the object of the sale against all risks with a recognized insurance company acceptable to the Seller at his/her cost. The Buyer shall furnish proof of such an insurance policy to the Seller and assign to the Seller all rights to receive proceeds of insurance to the value of the Outstanding Balance. 10.4 The Buyer shall effect all maintenance and repairs to the boat, trailer, motor and equipment at his/her cost where necessary in order to keep them in the condition at which it was sold and any improvements to or accessories placed on the boat and or trailer shall become inherent components thereof. 10.5 The Buyer will keep the boat, trailer and motor free from any other liens or security interests and will promptly pay all statutory fees. 10.6 The Buyer agrees not to sell, dispose of or transfer the rights to the goods specified to another party without the prior written consent of the Seller until such time as all monies have been paidunder this agreement.
Sample 1
POSSESSION AND TRANSFER OF RISK. 14.1 The risk passes to the Buyer once the Buyer or his/her agent takes possession of the Goods/Services. 14.2 Loss of or damage to the goods/services will not release the Buyer from his/her obligations under the terms of this agreement. The Buyer assumes all risk of loss or breakage of the product. 14.3 The Buyer shall insure the goods/services against all risks with a recognized insurance company acceptable to the Seller at Buyer’s costs. The Buyer shall furnish proof of such an insurance policy to the Seller and assign to the Seller all rights to receive proceeds of insurance to the value of the Outstanding Balance. 14.4 The Buyer shall effect all maintenance and repairs to the goods/services at his/her cost where necessary in order to keep it in the condition at which it was sold and any improvements to or accessories placed on the goods shall become inherent components thereof. 14.5 The Buyer will keep the goods/services free from any other liens or security interests. 14.6 The Buyer agrees not to sell, dispose of or transfer the rights to the goods/services to another party without the prior written consent of the Seller until such time as all monies have been paid under this agreement. 14.7 The Buyer shall not affix the goods/services to any other goods or property without prior written consent by the Seller.
Sample 1
POSSESSION AND TRANSFER OF RISK. 14.1 The Risk passes to the Buyer once the Buyer or his/her agent receives the keys to the motorcycle or takes possession of the motorcycle. 14.2 Loss of or damage to the motorcycle will not release the Buyer from his/her obligations under the terms of this agreement. 14.3 The Buyer shall insure the motorcycle against all risks with a recognized insurance company acceptable to the Seller at his/her cost. The Buyer shall furnish proof of such an insurance policy to the Seller and assign to the Seller all rights to receive proceeds of insurance to the value of the Outstanding Balance. 14.4 The Buyer shall effect all maintenance and repairs to the motorcycle at his/her cost where necessary in order to keep it in the condition at which it was sold and any improvements to or accessories placed on the motorcycle shall become inherent components thereof. 14.5 The Buyer will keep the motorcycle free from any other liens or security interests and will promptly pay all statutory fees. 14.6 The Buyer agrees not to sell, dispose of or transfer the rights to the motorcycle to another party without the prior written consent of the Seller until such time as all monies have been paid under this agreement.
Sample 1

Related to POSSESSION AND TRANSFER OF RISK

  • Transfer of risk The risk of loss of or damage to the Goods and/or Services shall pass from the Supplier to the Purchaser (i) upon the date of their acceptance if this is performed on the Purchaser’s premises in accordance with the provisions of Article 11, or if not (ii) upon delivery of the Goods at the named destination pursuant to the Incoterm ICC 2020 as defined in Article 7 above.

  • Transfer of Possession Possession of the Property shall be transferred to Purchaser at the time of Closing subject to the Permitted Encumbrances.

  • Transfer of Rights This Agreement shall be binding on any successors of the parties. Neither party shall have the right to assign its interests in this Agreement to any other party, unless the prior written consent of the other party is obtained.

  • Transfer of rights and obligations The Contract between You and us is binding on You and us and on our respective successors and assigns. You may not transfer, assign, charge or otherwise dispose of a Contract, or any of your rights or obligations arising under it, without our prior written consent. We may transfer, assign, charge, sub-contract or otherwise dispose of a Contract, or any of our rights or obligations arising under it, at any time during the term of the Contract. For the avoidance of doubt, any such transfer, assignment, charge or other disposition will not affect your statutory rights as a consumer or cancel, reduce or otherwise limit any warranty or guarantee which may have been provided by us to You, whether express or implied.

  • Form and Transfer of Receipts Definitive Receipts shall be engraved or printed or lithographed on steel-engraved borders, with appropriate insertions, modifications and omissions, as hereinafter provided, if and to the extent required by any securities exchange on which the Receipts are listed. Pending the preparation of definitive Receipts or if definitive Receipts are not required by any securities exchange on which the Receipts are listed, the Depositary, upon the written order of the Company or any holder of Stock, as the case may be, delivered in compliance with Section 2.2, shall execute and deliver temporary Receipts which are printed, lithographed, typewritten, mimeographed or otherwise substantially of the tenor of the definitive Receipts in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the persons executing such Receipts may determine, as evidenced by their execution of such Receipts. If temporary Receipts are issued, the Company and the Depositary will cause definitive Receipts to be prepared without unreasonable delay. After the preparation of definitive Receipts, the temporary Receipts shall be exchangeable for definitive Receipts upon surrender of the temporary Receipts at the Depositary’s Office or at such other place or places as the Depositary shall determine, without charge to the holder. Upon surrender for cancellation of any one or more temporary Receipts, the Depositary shall execute and deliver in exchange therefor definitive Receipts representing the same number of Depositary Shares as represented by the surrendered temporary Receipt or Receipts. Such exchange shall be made at the Company’s expense and without any charge to the holder therefor. Until so exchanged, the temporary Receipts shall in all respects be entitled to the same benefits under this Agreement, and with respect to the Stock, as definitive Receipts. Receipts shall be executed by the Depositary by the manual and/or facsimile signature of a duly authorized officer of the Depositary. No Receipt shall be entitled to any benefits under this Deposit Agreement or be valid or obligatory for any purpose unless it shall have been executed in accordance with the foregoing sentence. The Depositary shall record on its books each Receipt so signed and delivered as hereinafter provided. Receipts shall be in denominations of any number of whole Depositary Shares. The Company shall deliver to the Depositary from time to time such quantities of Receipts as the Depositary may request to enable the Depositary to perform its obligations under this Deposit Agreement. Receipts may be endorsed with or have incorporated in the text thereof such legends or recitals or changes not inconsistent with the provisions of this Deposit Agreement as may be required by the Depositary or required to comply with any applicable law or any regulation thereunder or with the rules and regulations of any securities exchange upon which the Stock, the Depositary Shares or the Receipts may be listed or to conform with any usage with respect thereto, or to indicate any special limitations or restrictions to which any particular Receipts are subject. Title to Depositary Shares evidenced by a Receipt, which is properly endorsed or accompanied by a properly executed instrument of transfer, shall be transferable by delivery with the same effect as in the case of a negotiable instrument; provided, however, that until transfer of a Receipt shall be registered on the books of the Depositary as provided in Section 2.3, the Depositary may, notwithstanding any notice to the contrary, treat the record holder thereof at such time as the absolute owner thereof for the purpose of determining the person entitled to distributions of dividends or other distributions or to any notice provided for in this Deposit Agreement and for all other purposes.

  • Action upon Instructions; Certain Rights and Limitations Subject to the terms of Sections 5.02(a), 5.06, 6.01 and 6.03 hereof, upon the written instructions at any time and from time to time of a Majority in Interest of Note Holders, the Mortgagee shall, subject to the terms of this Section 6.02, take such of the following actions as may be specified in such instructions: (i) give such notice or direction or exercise such right, remedy or power hereunder as shall be specified in such instructions and (ii) give such notice or direction or exercise such right, remedy or power hereunder with respect to any part of the Collateral as shall be specified in such instructions; it being understood that without the written instructions of a Majority in Interest of Note Holders, the Mortgagee shall not, except as provided in Section 6.01, approve any such matter as satisfactory to the Mortgagee. The Mortgagee will execute and the Owner will file such continuation statements with respect to financing statements relating to the security interest created hereunder in the Collateral as may be specified from time to time in written instructions of a Majority in Interest of Note Holders (which instructions shall be accompanied by the form of such continuation statement so to be filed). The Mortgagee will furnish to each Note Holder, promptly upon receipt thereof, duplicates or copies of all reports, notices, requests, demands, certificates and other instruments furnished to the Mortgagee hereunder.

  • Transfer of Agreement Without prior written consent of the WFOE, the Existing Shareholders or the Domestic Company may not assign its rights and obligations hereunder to any third party.

  • Transfer of Rights of First Refusal The rights of first refusal of each Major Investor under this Section 4 may be transferred to the same parties, subject to the same restrictions as any transfer of registration rights pursuant to Section 2.10.

  • Termination and Waiver of Rights of First Refusal The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the earlier of (i) the effective date of the registration statement pertaining to the Company’s Initial Offering or (ii) an Acquisition. Notwithstanding Section 5.5 hereof, the rights of first refusal established by this Section 4 may be amended, or any provision waived with and only with the written consent of the Company and the Major Investors holding a majority of the Registrable Securities held by all Major Investors, or as permitted by Section 5.5.

  • Condition of Personal Property All tangible personal property, equipment, fixtures and inventories included within the assets of the Company are in good, merchantable or in reasonably repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!