Common use of Reservation of Title Clause in Contracts

Reservation of Title. STÜKEN reserves the right to the property for the delivered object until all payments under the contract of delivery have been made in full. The Customer may neither pledge nor assign the delivered object for security. He must inform XXXXXX immediately in the case of pledges as well as seizure or any other disposals by third parties. Should the Customer breach the terms of the written contract, including delinquent payment, STÜKEN reserves the right to reclaim the goods and the Customer agrees to return said goods to STÜKEN. STÜKEN's assertion of the reservation of title as well as the pledging of the delivered object shall not be deemed as a withdrawal from the contract. Further processing or rework of STÜKEN goods by the Customer may only be performed subsequent to receipt of written authorization from STÜKEN. Should the STÜKEN goods be further assembled or combined with other product/components which are not the property of STÜKEN, Customer shall grant to STÜKEN partial ownership of the created product in relation to the value of the STÜKEN goods to the created product. The Customer is entitled to sell the delivered goods - also after further processing - in usual and proper business transactions. However, he undertakes to reserve the right to ownership until his purchase price claim has been paid in full. Independent of this the Customer hereby assigns already the accounts receivable against his buyer to which he is entitled from the resale with all secondary rights to STÜKEN. In the event of the resale after processing the assignment shall apply as in the amount of the sale value of the reserved goods of STÜKEN. The buyer is entitled to collect the assigned accounts receivable from the third party buyer, undertakes however to remit these to STÜKEN immediately. STÜKEN reserves the right to also collect the account receivable directly from the third party buyer, who is to be named for this purpose. STÜKEN shall insofar release the securities held by him as their value shall exceed the accounts receivable to be secured by more than a total of 20 %.

Appears in 3 contracts

Samples: stueken.com, stueken.com, stueken.com

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Reservation of Title. STÜKEN For any current or future sale of goods to a pur- chaser located outside of Germany the following retention of title has been agreed: BHJ reserves the right title to the property goods until the entire pur- chase price and any costs relating to the delivery, dispatch and insurance of the goods have been paid by the purchaser or security for the delivered object until all payments under purchase price has been provided as agreed. Until this has happened, the contract of delivery have been made in full. The Customer may neither pledge nor assign the delivered object for security. He must inform XXXXXX immediately in the case of pledges as well as seizure or any other disposals by third parties. Should the Customer breach the terms of the written contract, including delinquent payment, STÜKEN reserves the right to reclaim the goods and the Customer agrees to return said goods to STÜKEN. STÜKEN's assertion of the reservation of title as well as the pledging of the delivered object purchaser shall not be deemed as entitled to resell the goods or otherwise dispose of the goods in any way violating BHJ's reservation of title. For any current or future sale of goods to a withdrawal from pur- chaser located in Germany the contract. Further processing or rework following retention of STÜKEN title has been agreed: The goods (“reserved goods”) delivered by BHJ to the Customer may only be performed subsequent to receipt of written authorization from STÜKEN. Should the STÜKEN goods be further assembled or combined with other product/components which are not purchaser remain the property of STÜKENBHJ until full payment of all secured claims. The purchaser stores the reserved goods free of charge for BHJ. The purchaser is entitled to pro- cess and sell the goods subject to retention of title in the ordinary course of business until the event of realization. Pledging and transfer of ownership by way of security are not permitted. If the reserved goods are processed by the pur- chaser, Customer shall grant to STÜKEN partial ownership it is agreed that the processing is carried out in the name and for the account of BHJ as manufacturer and therefore acquires direct own- ership or - if the processing is carried out using materials from several owners or the value of the processed item is higher than the value of the re- served goods - co-ownership (fractional owner- ship) of the newly created product item in relation the ratio of the value of the reserved goods to the value of the STÜKEN newly created item. In the event that no such ac- quisition of ownership should occur at BHJ, the purchaser hereby transfers his future ownership or - in the above ratio - co-ownership of the newly created item to BHJ as security. If the reserved goods are combined or inseparably mixed with other items to form a uniform item and if one of the other items is to be regarded as the main item, BHJ, insofar as the main item belongs to BHJ, transfers to the created product. The Customer is entitled to sell purchaser proportionate co-own- ership of the delivered goods - also after further processing - uniform item in usual and proper business transactions. However, he undertakes to reserve the right to ownership until his purchase price claim has been paid in full. Independent of this the Customer hereby assigns already the accounts receivable against his buyer to which he is entitled from the resale with all secondary rights to STÜKENabove specified ratio. In the event of resale of the resale after processing reserved goods, the assignment shall apply purchaser hereby assigns by way of security the resulting claim against the purchaser - in the case of co-ownership of BHJ of the reserved goods, proportionally in accordance with the co-owner- ship share - to BHJ. The same applies to other claims that take the place of the reserved goods or otherwise arise with regard to the reserved goods, such as insurance claims or claims in tort in the event of loss or destruction. BHJ revocable au- thorizes the purchaser to collect the claims as- signed to BHJ in his own name. BHJ may only re- voke this direct debit authorization in the event of realization. If third parties seize the reserved goods, in particular by seizure, the purchaser will immediately inform them of the ownership of BHJ and inform BHJ of this in order to enable BHJ to enforce its ownership rights. If the third party is not in a position to reimburse BHJ for the court or out-of-court costs incurred in this connection, the purchaser is liable for these costs to BHJ. BHJ will release the reserved goods and the items or claims taking their place if their value exceeds the amount of the sale value secured claims by more than 50%. BHJ has the right to select the items to be released thereafter. If BHJ withdraws from the contract in case of breach of contract by the purchaser - in particular default of payment – BHJ is entitled to demand return of the reserved goods of STÜKEN. The buyer is entitled to collect the assigned accounts receivable from the third party buyer, undertakes however to remit these to STÜKEN immediately. STÜKEN reserves the right to also collect the account receivable directly from the third party buyer, who is to be named for this purpose. STÜKEN shall insofar release the securities held by him as their value shall exceed the accounts receivable to be secured by more than a total of 20 %goods.

Appears in 3 contracts

Samples: bhj.com, bhj.com, bhj.com

Reservation of Title. STÜKEN reserves the right to the property for the delivered object until all payments under the contract of delivery have been made in full. The Customer may neither pledge nor assign the delivered object for security. He must inform XXXXXX STÜKEN immediately in the case of pledges as well as seizure or any other disposals by third parties. Should the Customer breach the terms of the written contract, including delinquent payment, STÜKEN reserves the right to reclaim the goods and the Customer agrees to return said goods to STÜKEN. STÜKEN's assertion of the reservation of title as well as the pledging of the delivered object shall not be deemed as a withdrawal from the contract. Further processing or rework of STÜKEN goods by the Customer may only be performed subsequent to receipt of written authorization from STÜKEN. Should the STÜKEN goods be further assembled or combined with other product/components which are not the property of STÜKEN, Customer shall grant to STÜKEN partial ownership of the created product in relation to the value of the STÜKEN goods to the created product. The Customer is entitled to sell the delivered goods - also after further processing - in usual and proper business transactions. However, he undertakes to reserve the right to ownership until his purchase price claim has been paid in full. Independent of this the Customer hereby assigns already the accounts receivable against his buyer to which he is entitled from the resale with all secondary rights to STÜKEN. In the event of the resale after processing the assignment shall apply as in the amount of the sale value of the reserved goods of STÜKEN. The buyer is entitled to collect the assigned accounts receivable from the third party buyer, undertakes however to remit these to STÜKEN immediately. STÜKEN reserves the right to also collect the account receivable directly from the third party buyer, who is to be named for this purpose. STÜKEN shall insofar release the securities held by him as their value shall exceed the accounts receivable to be secured by more than a total of 20 %.

Appears in 2 contracts

Samples: stueken.de, stueken.de

Reservation of Title. STÜKEN STUEKEN reserves the right to the property for the delivered object until all payments under the contract of delivery have been made in full. The Customer may neither pledge nor assign the delivered object for security. He must inform XXXXXX STUEKEN immediately in the case of pledges as well as seizure or any other disposals by third parties. Should the Customer breach the terms of the written contract, including delinquent payment, STÜKEN STUEKEN reserves the right to reclaim the goods and the Customer agrees to return said goods to STÜKENSTUEKEN. STÜKENSTUEKEN's assertion of the reservation of title as well as the pledging of the delivered object shall not be deemed as a withdrawal from the contract. Further processing or rework of STÜKEN STUEKEN goods by the Customer may only be performed subsequent to receipt of written authorization from STÜKENSTUEKEN. Should the STÜKEN STUEKEN goods be further assembled or combined with other product/components which are not the property of STÜKENSTUEKEN, Customer shall grant to STÜKEN STUEKEN partial ownership of the created product in relation to the value of the STÜKEN STUEKEN goods to the created product. The Customer is entitled to sell the delivered goods - also after further processing - in usual and proper business transactions. However, he undertakes to reserve the right to ownership until his purchase price claim has been paid in full. Independent of this the Customer hereby assigns already the accounts receivable against his buyer to which he is entitled from the resale with all secondary rights to STÜKENSTUEKEN. In the event of the resale after processing the assignment shall apply as in the amount of the sale value of the reserved goods of STÜKENSTUEKEN. The buyer is entitled to collect the assigned accounts receivable from the third third-party buyer, undertakes however to remit these to STÜKEN STUEKEN immediately. STÜKEN STUEKEN reserves the right to also collect the account receivable directly from the third third-party buyer, who is to be named for this purpose. STÜKEN STUEKEN shall insofar release the securities held by him as their value shall exceed the accounts receivable to be secured by more than a total of 20 %.

Appears in 2 contracts

Samples: stueken.de, stueken.de

Reservation of Title. STÜKEN reserves For all current or future sale of goods to a pur- chaser located in Germany the right following reten- tion of title has been agreed: The goods (“reserved goods”) delivered by Essen- tia Protein Solutions to the purchaser remain the property for the delivered object of Essentia Protein Solutions until full payment of all payments under the contract of delivery have been made in fullsecured claims. The Customer may neither pledge nor assign the delivered object for security. He must inform XXXXXX immediately in the case of pledges as well as seizure or any other disposals by third parties. Should the Customer breach the terms of the written contract, including delinquent payment, STÜKEN reserves the right to reclaim the goods and the Customer agrees goods covered by the reten- tion of title which take their place in accordance with the following provisions are hereinafter re- ferred to return said as "reserved goods". The purchaser stores the reserved goods free of charge for Es- sentia Protein Solutions. The purchaser is entitled to STÜKENprocess and sell the goods subject to retention of title in the ordinary course of business until the event of realization (para. STÜKEN's assertion 9). Pledging and transfer of ownership by way of security are not permitted. If the reserved goods are processed by the pur- chaser, it is agreed that the processing is carried out in the name and for the account of Essentia Protein Solutions as manufacturer and therefore acquires direct ownership or - if the processing is carried out using materials from several owners or the value of the reservation of title as well as processed item is higher than the pledging value of the delivered object shall not be deemed as a withdrawal from the contract. Further processing or rework of STÜKEN reserved goods by the Customer may only be performed subsequent to receipt of written authorization from STÜKEN. Should the STÜKEN goods be further assembled or combined with other product/components which are not the property of STÜKEN, Customer shall grant to STÜKEN partial - co-ownership (fractional ownership) of the newly created product item in relation the ratio of the value of the reserved goods to the value of the STÜKEN newly created item. In the event that no such acquisition of ownership should oc- cur at Essentia Protein Solutions, the purchaser hereby transfers his future ownership or - in the above ratio - co-ownership of the newly created item to Essentia Protein Solutions as security. If the reserved goods are combined or inseparably mixed with other items to form a uniform item and if one of the other items is to be regarded as the main item, Essentia Protein Solutions, insofar as the main item belongs to Essentia Protein So- lutions, transfers to the created product. The Customer is entitled to sell purchaser proportionate co-ownership of the delivered goods - also after further processing - uniform item in usual and proper business transactions. However, he undertakes to reserve the right to ownership until his purchase price claim has been paid in full. Independent of this the Customer hereby assigns already the accounts receivable against his buyer to which he is entitled from the resale with all secondary rights to STÜKENabove specified ratio. In the event of resale of the resale after processing reserved goods, the assignment shall apply purchaser hereby assigns by way of security the resulting claim against the purchaser - in the case of co-ownership of Essentia Protein Solutions of the reserved goods, proportionally in accordance with the co-ownership share - to Essentia Protein Solutions. The same applies to other claims that take the place of the reserved goods or other- wise arise with regard to the reserved goods, such as insurance claims or claims in tort in the event of loss or destruction. Essentia Protein So- lutions revocably authorizes the purchaser to col- lect the claims assigned to Essentia Protein Solu- tions in his own name. Essentia Protein Solutions may only revoke this direct debit authorization in the event of realization. If third parties seize the reserved goods, in particular by seizure, the pur- chaser will immediately inform them of the own- ership of Essentia Protein Solutions and inform Essentia Protein Solutions of this in order to ena- ble Essentia Protein Solutions to enforce its own- ership rights. If the third party is not in a position to reimburse Essentia Protein Solutions for the court or out-of-court costs incurred in this con- nection, the purchaser is liable for these costs to Essentia Protein Solutions. Essentia Protein Solu- tions will release the reserved goods and the items or claims taking their place if their value ex- ceeds the amount of the sale value secured claims by more than 50%. Essentia Protein Solutions has the right to select the items to be released thereafter. If Essentia Protein Solutions withdraws from the contract in case of breach of contract by the pur- chaser - in particular default of payment – Essen- tia Protein Solutions is entitled to demand return of the reserved goods. For any other current or future sale of goods to a purchaser located outside of STÜKENGermany the fol- lowing retention of title has been agreed: Essentia Protein Solutions reserves title to the goods until the entire purchase price and any costs relating to the delivery, dispatch and insur- ance of the goods have been paid by the pur- chaser or security for the purchase price has been provided as agreed. The buyer is Until this has hap- pened, the purchaser shall not be entitled to collect re- sell the assigned accounts receivable from goods or otherwise dispose of the third party buyer, undertakes however to remit these to STÜKEN immediately. STÜKEN reserves the right to also collect the account receivable directly from the third party buyer, who is to be named for this purpose. STÜKEN shall insofar release the securities held by him as their value shall exceed the accounts receivable to be secured by more than a total goods in any way violating Essentia Protein Solutions' reservation of 20 %title.

Appears in 1 contract

Samples: essentiaproteins.com

Reservation of Title. STÜKEN For any current or future sale of goods to a pur- chaser located outside of Germany the following retention of title has been agreed: Pet-Rus reserves the right title to the property goods until the entire purchase price and any costs relating to the deliv- ery, dispatch and insurance of the goods have been paid by the purchaser or security for the delivered object until all payments under pur- chase price has been provided as agreed. Until this has happened, the contract of delivery have been made in full. The Customer may neither pledge nor assign the delivered object for security. He must inform XXXXXX immediately in the case of pledges as well as seizure or any other disposals by third parties. Should the Customer breach the terms of the written contract, including delinquent payment, STÜKEN reserves the right to reclaim the goods and the Customer agrees to return said goods to STÜKEN. STÜKEN's assertion of the reservation of title as well as the pledging of the delivered object purchaser shall not be deemed as entitled to resell the goods or otherwise dispose of the goods in any way violating Pet-Rus's reservation of title. For any current or future sale of goods to a withdrawal from pur- chaser located in Germany the contract. Further processing or rework following retention of STÜKEN title has been agreed: The goods (“reserved goods”) delivered by Pet- Rus to the Customer may only be performed subsequent to receipt of written authorization from STÜKEN. Should the STÜKEN goods be further assembled or combined with other product/components which are not purchaser remain the property of STÜKENPet- Rus until full payment of all secured claims. The purchaser stores the reserved goods free of charge for Pet-Rus. The purchaser is entitled to process and sell the goods subject to retention of title in the ordinary course of business until the event of realization. Pledging and transfer of own- ership by way of security are not permitted. If the reserved goods are processed by the pur- chaser, Customer shall grant to STÜKEN partial ownership it is agreed that the processing is carried out in the name and for the account of Pet-Rus as manufacturer and therefore acquires direct own- ership or - if the processing is carried out using materials from several owners or the value of the processed item is higher than the value of the re- served goods - co-ownership (fractional owner- ship) of the newly created product item in relation the ratio of the value of the reserved goods to the value of the STÜKEN newly created item. In the event that no such ac- quisition of ownership should occur at Pet-Rus, the purchaser hereby transfers his future owner- ship or - in the above ratio - co-ownership of the newly created item to Pet-Rus as security. If the reserved goods are combined or inseparably mixed with other items to form a uniform item and if one of the other items is to be regarded as the main item, Pet-Rus, insofar as the main item belongs to Pet-Rus, transfers to the created product. The Customer is entitled to sell purchaser pro- portionate co-ownership of the delivered goods - also after further processing - uniform item in usual and proper business transactions. However, he undertakes to reserve the right to ownership until his purchase price claim has been paid in full. Independent of this the Customer hereby assigns already the accounts receivable against his buyer to which he is entitled from the resale with all secondary rights to STÜKENabove specified ratio. In the event of resale of the resale after processing reserved goods, the assignment shall apply purchaser hereby assigns by way of security the resulting claim against the purchaser - in the case of co-ownership of Pet-Rus of the reserved goods, proportionally in accordance with the co-owner- ship share - to Pet-Rus. The same applies to other claims that take the place of the reserved goods or otherwise arise with regard to the reserved goods, such as insurance claims or claims in tort in the event of loss or destruction. Pet-Rus revocable authorizes the purchaser to collect the claims as- signed to Pet-Rus in his own name. Pet-Rus may only revoke this direct debit authorization in the event of realization. If third parties seize the re- served goods, in particular by seizure, the pur- chaser will immediately inform them of the own- ership of Pet-Rus and inform Pet-Rus of this in or- der to enable Pet-Rus to enforce its ownership rights. If the third party is not in a position to re- imburse Pet-Rus for the court or out-of-court costs incurred in this connection, the purchaser is liable for these costs to Pet-Rus. Pet-Rus will re- lease the reserved goods and the items or claims taking their place if their value exceeds the amount of the sale value secured claims by more than 50%. Pet-Rus has the right to select the items to be re- leased thereafter. If Pet-Rus withdraws from the contract in case of breach of contract by the pur- chaser - in particular default of payment – Pet-Rus is entitled to demand return of the reserved goods of STÜKEN. The buyer is entitled to collect the assigned accounts receivable from the third party buyer, undertakes however to remit these to STÜKEN immediately. STÜKEN reserves the right to also collect the account receivable directly from the third party buyer, who is to be named for this purpose. STÜKEN shall insofar release the securities held by him as their value shall exceed the accounts receivable to be secured by more than a total of 20 %goods.

Appears in 1 contract

Samples: bhj.com

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Reservation of Title. STÜKEN reserves For all current or future sale of goods to a pur- chaser located in Germany the right following reten- tion of title has been agreed: The goods (“reserved goods”) delivered by Essen- tia Protein Solutions to the purchaser remain the property for the delivered object of Essentia Protein Solutions until full payment of all payments under the contract of delivery have been made in fullsecured claims. The Customer may neither pledge nor assign the delivered object for security. He must inform XXXXXX immediately in the case of pledges as well as seizure or any other disposals by third parties. Should the Customer breach the terms of the written contract, including delinquent payment, STÜKEN reserves the right to reclaim the goods and the Customer agrees goods covered by the reten- tion of title which take their place in accordance with the following provisions are hereinafter re- ferred to return said as "reserved goods". The purchaser stores the reserved goods free of charge for Es- sentia Protein Solutions. The purchaser is entitled to STÜKENprocess and sell the goods subject to retention of title in the ordinary course of business until the event of realization (para. STÜKEN's assertion 9). Pledging and transfer of ownership by way of security are not permitted. If the reserved goods are processed by the pur- chaser, it is agreed that the processing is carried out in the name and for the account of Essentia Protein Solutions as manufacturer and therefore acquires direct ownership or - if the processing is carried out using materials from several owners or the value of the reservation of title as well as processed item is higher than the pledging value of the delivered object shall not be deemed as a withdrawal from the contract. Further processing or rework of STÜKEN reserved goods by the Customer may only be performed subsequent to receipt of written authorization from STÜKEN. Should the STÜKEN goods be further assembled or combined with other product/components which are not the property of STÜKEN, Customer shall grant to STÜKEN partial - co-ownership (fractional ownership) of the newly created product item in relation the ratio of the value of the reserved goods to the value of the STÜKEN newly created item. In the event that no such acquisition of ownership should oc- cur at Essentia Protein Solutions, the purchaser hereby transfers his future ownership or - in the above ratio - co-ownership of the newly created item to Essentia Protein Solutions as security. If the reserved goods are combined or inseparably mixed with other items to form a uniform item and if one of the other items is to be regarded as the main item, Essentia Protein Solutions, insofar as the main item belongs to Essentia Protein So- lutions, transfers to the created product. The Customer is entitled to sell purchaser proportionate co-ownership of the delivered goods - also after further processing - uniform item in usual and proper business transactions. However, he undertakes to reserve the right to ownership until his purchase price claim has been paid in full. Independent of this the Customer hereby assigns already the accounts receivable against his buyer to which he is entitled from the resale with all secondary rights to STÜKENabove specified ratio. In the event of resale of the resale after processing reserved goods, the assignment shall apply purchaser hereby assigns by way of security the resulting claim against the purchaser - in the case of co-ownership of Essentia Protein Solutions of the reserved goods, proportionally in accordance with the co-ownership share - to Essentia Protein Solutions. The same applies to other claims that take the place of the reserved goods or other- wise arise with regard to the reserved goods, such as insurance claims or claims in tort in the event of loss or destruction. Essentia Protein So- lutions revocably authorizes the purchaser to col- lect the claims assigned to Essentia Protein Solu- tions in his own name. Essentia Protein Solutions may only revoke this direct debit authorization in the event of realization. If third parties seize the reserved goods, in particular by seizure, the pur- chaser will immediately inform them of the own- ership of Essentia Protein Solutions and inform Essentia Protein Solutions of this in order to ena- ble Essentia Protein Solutions to enforce its own- ership rights. If the third party is not in a position to reimburse Essentia Protein Solutions for the court or out-of-court costs incurred in this con- nection, the purchaser is liable for these costs to Essentia Protein Solutions. Essentia Protein Solu- tions will release the reserved goods and the items or claims taking their place if their value ex- ceeds the amount of the sale value secured claims by more than 50%. Essentia Protein Solutions has the right to select the items to be released thereafter. If Essentia Protein Solutions withdraws from the contract in case of breach of contract by the pur- chaser - in particular default of payment – Essen- tia Protein Solutions is entitled to demand return of the reserved goods. For any other current or future sale of goods to a purchaser located outside of STÜKENGermany the fol- lowing retention of title has been agreed: Essentia Protein Solutions reserves title to the goods until the entire purchase price and any costs relating to the delivery, dispatch and insur- ance of the goods have been paid by the pur- chaser or security for the purchase price has been provided as agreed. The buyer is Until this has hap- pened, the purchaser shall not be entitled to collect re- sell the assigned accounts receivable from goods or otherwise dispose of the third party buyer, undertakes however to remit these to STÜKEN immediately. STÜKEN reserves the right to also collect the account receivable directly from the third party buyer, who is to be named for this purpose. STÜKEN shall insofar release the securities held by him as their value shall exceed the accounts receivable to be secured by more than a total goods in any way violating Essentia Protein Solutions’ reservation of 20 %title.

Appears in 1 contract

Samples: essentiaproteins.com

Reservation of Title. STÜKEN STUEKEN reserves the right to the property for the delivered object until all payments under the contract of delivery have been made in full. The Customer may neither pledge nor assign the delivered object for security. He must inform XXXXXX STUEKEN immediately in the case of pledges as well as seizure or any other disposals by third parties. Should the Customer breach the terms of the written contract, including delinquent payment, STÜKEN STUEKEN reserves the right to reclaim the goods and the Customer agrees to return said goods to STÜKENSTUEKEN. STÜKENSTUEKEN's assertion of the reservation of title as well as the pledging of the delivered object shall not be deemed as a withdrawal from the contract. Further processing or rework of STÜKEN STUEKEN goods by the Customer may only be performed subsequent to receipt of written authorization from STÜKENSTUEKEN. Should the STÜKEN STUEKEN goods be further assembled or combined with other product/components which are not the property of STÜKENSTUEKEN, Customer shall grant to STÜKEN STUEKEN partial ownership of the created product in relation to the value of the STÜKEN STUEKEN goods to the created product. The Customer is entitled to sell the delivered goods - also after further processing - in usual and proper business transactions. However, he undertakes to reserve the right to ownership until his purchase price claim has been paid in full. Independent of this the Customer hereby assigns already the accounts receivable against his buyer to which he is entitled from the resale with all secondary rights to STÜKENSTUEKEN. In the event of the resale after processing the assignment shall apply as in the amount of the sale value of the reserved goods of STÜKENSTUEKEN. The buyer is entitled to collect the assigned accounts receivable from the third party buyer, undertakes however to remit these to STÜKEN STUEKEN immediately. STÜKEN STUEKEN reserves the right to also collect the account receivable directly from the third party buyer, who is to be named for this purpose. STÜKEN STUEKEN shall insofar release the securities held by him as their value shall exceed the accounts receivable to be secured by more than a total of 20 %.

Appears in 1 contract

Samples: stueken.de

Reservation of Title. STÜKEN STUEKEN reserves the right to the property for the delivered object until all payments under the contract of delivery have been made in full. The Customer may neither pledge nor assign the delivered object for security. He must inform XXXXXX STUEKEN immediately in the case of pledges as well as seizure or any other disposals by third parties. Should the Customer breach the terms of the written contract, including delinquent payment, STÜKEN STUEKEN reserves the right to reclaim the goods and the Customer agrees to return said goods to STÜKENSTUEKEN. STÜKENXXXXXXX's assertion of the reservation of title as well as the pledging of the delivered object shall not be deemed as a withdrawal from the contract. Further processing or rework of STÜKEN STUEKEN goods by the Customer may only be performed subsequent to receipt of written authorization from STÜKENSTUEKEN. Should the STÜKEN STUEKEN goods be further assembled or combined with other product/components which are not the property of STÜKENSTUEKEN, Customer shall grant to STÜKEN STUEKEN partial ownership of the created product in relation to the value of the STÜKEN STUEKEN goods to the created product. The Customer is entitled to sell the delivered goods - also after further processing - in usual and proper business transactions. However, he undertakes to reserve the right to ownership until his purchase price claim has been paid in full. Independent of this the Customer hereby assigns already the accounts receivable against his buyer to which he is entitled from the resale with all secondary rights to STÜKENSTUEKEN. In the event of the resale after processing the assignment shall apply as in the amount of the sale value of the reserved goods of STÜKENSTUEKEN. The buyer is entitled to collect the assigned accounts receivable from the third third-party buyer, undertakes however to remit these to STÜKEN STUEKEN immediately. STÜKEN STUEKEN reserves the right to also collect the account receivable directly from the third third-party buyer, who is to be named for this purpose. STÜKEN STUEKEN shall insofar release the securities held by him as their value shall exceed the accounts receivable to be secured by more than a total of 20 %.

Appears in 1 contract

Samples: stueken.com

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