PROPERTY AND RISK. 9.1 All goods and materials supplied by or on behalf of the Company (whether they become a fixture or otherwise) at all times shall remain the property of the Company. For the avoidance of doubt title in all surplus goods and materials supplied by or on behalf of the Company and scrap shall remain the property of the Company. 9.2 The Customer shall not be entitled to pledge or in any way charge by way of security for any indebtedness any of the goods or materials which remain the property of the Company, but if the Customer does so all monies owing by the Customer to the Company, shall (without prejudice to any of the Company’s other rights or remedies) forthwith become due and payable. 9.3 Upon the energisation of the Electric Line and/or Electrical Plant (as those terms are defined in Section 64(1) of the Electricity Act 1989) such Electric Line and/or Electric Plant shall be adopted by the Company and form part of the Distribution System save that the Company shall not adopt any Street Furniture which is the subject matter of the Connection Services or any Electric Lines or Electrical Plant that is not part of the Distribution System.
Appears in 4 contracts
Samples: Provision of Overhead Lines Teams Agreement, Jointing Teams Agreement, Jointing Services Agreement
