Common use of Retention of possession Clause in Contracts

Retention of possession. Subject to any requirement of law, the Company will be entitled, for the purpose of enforcing such lien, to retain possession of the whole or any part of the Client’s Bulk Wheat until all amounts due and payable are paid, or to sell all or any of the Client’s Bulk Wheat in such manner as it thinks fit (after giving the Client at least 7 days prior notice) whereupon the proceeds of such sale will be applied in or towards the satisfaction of the moneys due to the Company and the costs of effecting the sale, and the balance (if any) will be paid by the Company to the Client. Where the Company sells all or any of the Client’s Bulk Wheat for the purpose of enforcing its lien, the Client irrevocably appoints the Company as its agent and attorney.

Retention of possession. Subject to any requirement of law, the Company will be entitled, for the purpose of enforcing such lienlien or security interest, to retain possession of the whole or any part of the Client’s Bulk Wheat until all amounts due and payable are paid, or to sell all or any of the Client’s Bulk Wheat in such manner as it thinks fit (after giving the Client at least 7 days prior notice) whereupon the proceeds of such sale will be applied in or towards the satisfaction of the moneys due to the Company or any other Viterra Group Company and the costs of effecting the sale, and the balance (if any) will be paid by the Company to the Client. Where the Company sells all or any of the Client’s Bulk Wheat for the purpose of enforcing its lienlien or security interest, the Client irrevocably appoints the Company as its agent and attorneyattorney for such purpose.

Retention of possession. Subject to any requirement of law, the Company will be entitled, for the purpose of enforcing such lienlien or security interest, to retain possession of the whole or any part of the Client’s Bulk Wheat Grain until all amounts due and payable are paid, or to sell all or any of the Client’s Bulk Wheat Grain in such manner as it thinks fit (after giving the Client at least 7 days prior notice) whereupon the proceeds of such sale will be applied in or towards the satisfaction of the moneys due to the Company or any other Viterra Group Company and the costs of effecting the sale, and the balance (if any) will be paid by the Company to the Client. Where the Company sells all or any of the Client’s Bulk Wheat Grain for the purpose of enforcing its lienlien or security interest, the Client irrevocably appoints the Company as its agent and attorneyattorney for such purpose.