Repossession of Goods. Any other creditor(s) repossess any goods in the possession of any member of the Group under any hire purchase, conditional sale, leasing, retention of title or similar agreement and such steps have a Material Adverse Effect on the business assets or financial condition of any Material Company; or
Repossession of Goods. The Customer’s right to possession of the Goods shall cease if the Customer:
(a) fails to make payments of any outstanding amount due to Revolution Roofing;
(b) commits an act of bankruptcy or is declared insolvent or, if a company, the Customer does or omits to do anything which entitles the Customer or any person to appoint an external administrator pursuant to any Part of Chapter 5 of the Corporation Law; or
(c) enters into some arrangement or assignment for the benefit of creditors;
Repossession of Goods. 21.1 Subject to the Credit (Repossessions) Xxx 0000 and the Act, upon the occurrence of any one or more of the events listed in clause 21.2 the Vendor may do either or both of the following:
(a) Without any prior notice repossess the goods and for that purpose may by its officers or agents enter, on any property occupied by the Purchaser and (as the agent of the Purchaser) on any other property which the Purchaser might enter upon, where the goods may be or supposed to be;
(b) By notice in writing to the Purchaser, terminate this Agreement as at the date of the notice or any later date specified in the notice. If the Vendor exercises either or both of its rights under this clause 21.1 the balance of the money payable by the Purchaser under this Agreement will immediately become due and payable to the Vendor.
21.2 The events are: - If the Purchaser defaults in the observance or performance of any provision contained or implied in this Agreement, - If distress or execution is levied or issued against the goods. - If at any time any judgment of any Court against the Purchaser remains unsatisfied for more than seven days. - I f any lien is lawfully claimed over the goods. - Where the Purchaser is a company, if there is a sale, transfer or other disposition of any of the shares in the Purchaser which has the effect of altering the effective control of the Purchaser without the Vendor’s prior written consent. - If the Purchaser commits or suffers any act of bankruptcy, or (if a company) becomes insolvent. - If a Receiver is appointed in respect of any assets of the Purchaser. - If an application is made for the liquidation of the Purchaser the Purchaser passes a resolution to go into liquidation. - If the Purchaser makes an assignment to or composition with the Purchaser’s creditors. - If the Purchaser fails to maintain acceptable insurance cover or if any insurance policy in respect of the goods is cancelled by the insurer or the Purchaser or that insurance money is used in accordance with clause 5.2. - If in the opinion of the Vendor the Purchaser is unable to pay or does not pay its debts as they become due and payable.
Repossession of Goods. Subject to any applicable law, upon the occurrence of an Event of Default the Creditor may without any prior notice repossess any Goods and for that purpose may by its officers or agents enter on any property occupied by the Customer, and (as the agent of the Customer) on any other property which the Customer might enter upon, where the Goods may be or may be supposed to be.
Repossession of Goods. 10.1. Subject to the provisions of the CCCFA, we or the Third Party (as appropriate) can repossess and sell, or organise the sale of, the Goods, or terminate this Agreement and sell, or organise the sale of, the Goods on 10 business days written notice to you if:
(a) you do not perform any of the provisions of this Agreement;
(b) distress, execution or warrant seizure is issued against, or a lien is claimed, in respect of the Goods or the Goods are otherwise at risk;
(c) any court judgment against you remains unsatisfied for more than 7 days; or
(d) you become insolvent or bankrupt.
10.2. If this Agreement is terminated (subject to clause 11), all unpaid amounts will become immediately payable, even if not otherwise yet due.
10.3. We may purchase the Goods at any sale under clause 10.1 in full or part satisfaction of the debt, and if the Goods are attached to any other goods, we may remove them without being liable to you.
10.4. We are not liable if, for whatever reason, less notice than that required by clause 10.1 is given before we exercise our powers or if we advise you of the result of any sale of the Goods by us later than required by the PPSA.
10.5. If our powers under clause 10 have become exercisable, you will be entitled to redeem the Goods before we sell them, by paying all amounts payable under this Agreement.
Repossession of Goods. 10.1 Subject to the provisions of the CCCFA, we can repossess and sell, or organise the sale of, the Goods, or terminate this Agreement and sell, or organise the sale of, the Goods on 10 business days written notice to you if: (a) you do not perform any of the provisions of this Agreement;
(b) distress, execution or warrant seizure is issued against, or a lien is claimed, in respect of the Goods or the Goods are otherwise at risk;
(c) any court judgment against you remains unsatisfied formore than 7 days; or
(d) you become insolvent or bankrupt.
Repossession of Goods. Without limiting the generality of the previous paragraph, in the event of any actual or anticipatory breach by the Customer, Applifast’s employees or agents, may without notice or legal process, go into the Customer’s property and take all action reasonably necessary to repossess the Goods. The Customer waives all claims for damages and losses, physical or pecuniary, caused thereby, and shall pay all costs and expenses incurred by Applifast in retaking the Goods.
Repossession of Goods. In addition to the Financier’s right to terminate, the Financier may also repossess the Goods if any of the events under clause 10.1 or 10.3 occurs. If no prior notice of termination is given, repossession of the Goods under this clause will itself terminate this Agreement.
Repossession of Goods. Prime Composites is entitled to take possession and dispose of any Goods supplied by Prime Composites to the Customer as Prime Composites sees fit where payment is not made on a timely basis.
