RETENTION OF TITLE AND SECURITY Sample Clauses

RETENTION OF TITLE AND SECURITY. Except as otherwise provided herein, the Seller's title to the Property and any substitutions hereof shall remain in the Seller until the Purchaser receives delivery of the Seller's deed. In addition thereto, the Purchaser hereby grants to the Seller a security interest in all condemnation awards and insurance proceeds relating to the Property and all of the rights, titles, and interests in the Personal Property conveyed by this contract and subsequently acquired by Purchaser in substitution thereof as security for the performance of the Purchaser's obligations herein, and the Purchaser hereby assigns to the Seller all rents and security deposits derived from or relating to the Property and, except for the initial partial month's and last month's rent, covenants not to collect any rents which are attributable to more than one month of the unexpired lease term. The Purchaser agrees to deliver to the Seller such further assurances and UCC financing statements and statements of continuation which the Seller requests to further evidence, perfect, or confirm its rights under this agreement. The Purchaser agrees with the Seller that it shall comply with the terms of all leases of the Property, and shall, upon written request, promptly notify the Seller of any alleged defaults therein by the Purchaser or any tenant. After all sums evidenced by this contract due to the Seller have been paid, the Seller shall deliver its fulfillment deed and bill of sale to the Purchaser in the form and subject to the exceptions agreed to herein. In the event any escrow account is established for this contract, said deed and bill of sale shall be executed and placed with the escrow agent promptly following the opening of said account with instructions to deliver them to the Purchaser when entitled thereto.
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RETENTION OF TITLE AND SECURITY. 12.1 The Products remain the sole and absolute property of Energie Group Australia as legal and equitable owner, and the proper- ty in and title to the Products will not pass from Energie Group Australia to the Purchaser until the Purchaser has paid Energie Group Australia in full for the Products and for all other Products and Services supplied by Energie Group Australia.
RETENTION OF TITLE AND SECURITY. 7.1 All Goods delivered will remain the exclusive property of Zuidberg until such time as the Client has complied with all of its obligations arising from or in connection with the Agreement or Agreements, including claims relating to penalties, interest and costs. Until that time the Client undertakes to store the Goods delivered by Zuidberg separate from other goods and clearly marked as Zuidberg property and to take out and maintain sufficient insurance.
RETENTION OF TITLE AND SECURITY. 9.1 XSPlatforms retains the ownership of all goods delivered and yet to be delivered to Purchaser, until the purchase price is completely paid for all these goods. Furthermore, the retained ownership applies for the claims which XSPlatforms could acquire against Purchaser due to Purchaser's failure to observe one or several of its other obligations vis-à-vis XSPlatforms, including collection costs, interests and fees. As long as the property of the delivered goods has not transferred to Purchaser, Purchaser may not use, consume, sell, pledge or grant any other right to a third party, other than within the normal business operations of Purchaser. Delivered goods that have become the property of Purchaser through payment and other goods that are at XSPlatforms's disposal, will be applied as security for the claims that XSPlatforms might have against Purchaser by whatever virtue (reserved right of pledge without ownership). On XSPlatforms's first request, Purchaser undertakes to cooperate to establish of a right of pledge on claims that Purchaser acquires or will acquire by virtue of onwards supply of goods to its own purchasers. Purchaser hereby authorises XSPlatforms to enter Purchaser’s premises to take possession of the goods to which the retention of title applies.
RETENTION OF TITLE AND SECURITY. 11.1. The Customer acknowledges that the purpose of this clause is to protect Westland if the Customer commits or suffers an act of insolvency or default in payment. Westland retains title to the Goods, pending receipt of payment, to the maximum extent permitted by law. Notwithstanding such retention of title until receipt of payment in full, the Customer will be responsible for risk of loss or damage to the Goods according to the relevant shipping terms. Westland reserves all rights and remedies it may have under applicable law to recover the Goods sold and delivered to the Customer if the Customer does not pay for such Goods by the payment due date. This includes the right to divert Goods on the water, or to enter upon the Customer’s premises and remove such Goods. Such rights are cumulative and not in substitution for any other rights that Westland may have in the circumstances.
RETENTION OF TITLE AND SECURITY. 6.1. Notwithstanding delivery of the Goods to the Purchaser, all right title and interest in the Goods remains with Kincrome until the Purchaser has made full payment to Kincrome of all and any amounts due and payable to Kincrome by the Purchaser ("Outstanding Amount").

Related to RETENTION OF TITLE AND SECURITY

  • Retention of Title Supplied Goods shall remain Seller’s property until fulfillment by Customer of its payment obligations as described above. As such:

  • Transfer of Title and Risk (a) The parties acknowledge that despite the receipt by the Merchant pursuant to this Agreement, title and risk in respect of the Produce shall only pass in accordance with subclause 2.3(b).

  • PARTICULARS OF TITLE The strata title to the property has not been issued yet PARENT TITLE/LOT NO. : PN 11818, Lot No. 94 (formerly known as HSD 119668, PT 38066) Pekan of Kayu Ara, District of Petaling, State of Selangor TENURE : Leasehold FLOOR AREA : Approx. 748.09 square feet (approx. 69.5 square metres) VENDOR : Xxxxxxxx Azlan Bin Xxxxxxxx Esa DEVELOPER : Puncakdana Development Sdn Bhd (282793K) ENCUMBRANCE : Assigned to HSBC BANK MALAYSIA BERHAD LOCATION AND DESCRIPTION OF THE PROPERTY: The subject property is a low medium cost apartment unit and identified as Developer’s Parcel No. A1B1510, Storey Xx. 00, Xxxxxx Xxx Xxxxxxxxx bearing postal address Xxxx Xx. B-15-10, Rumah Pangsa Kayu Ara, Xx. 00, Xxxxx Xxxxxxx, XXX 0X, 00000 Xxxxxxxx Xxxx, Xxxxxxxx. RESERVE PRICE: The subject property will be sold on an “as is where is basis” and subject to a reserve price of RM180,000.00 (RINGGIT MALAYSIA ONE HUNDRED EIGHTY THOUSAND ONLY) and subject to the Conditions of Sale and by way of an Assignment from the above Assignee/Bank subject to the approval being obtained by the Purchaser from the relevant authorities if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authorities. Subject to the terms and conditions stated in the Conditions of Sale, any arrears of quit rent, assessments, service/maintenance charges and any other outgoings which may be lawfully due to the Developer or the relevant authorities up to the date of successful sale of the subject property shall be paid out of the purchase money. All other fees, costs and charges relating to the transfer and assignment of the property shall be borne solely by the successful Purchaser. For online bidders please refer to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx for the manner of payment of the same. All intending bidders are required to deposit 10% of the fixed reserve price for the said property by Bank Draft or Cashier’s Order only in favour of HSBC BANK MALAYSIA BERHAD prior to the auction sale or remit the same through online banking transfer, one (1) working day before auction date and the balance of the purchase money shall be paid by the Purchaser within ninety (90) days from the date of auction sale to HSBC BANK MALAYSIA BERHAD, failing which the deposit shall be forfeited by the Assignee/Bank at its absolute discretion. FOR FURTHER PARTICULARS, please contact M/S. K.Y.SIM & CO, of Xx. 00, Xxxxx XX 00/00, Xxxxxxxxx Xxxxx, 00000 Xxxxxxxx Xxxx, Xxxxxxxx Xxxxx Xxxxx. [Ref No: E/L/HSBC/2473/18, Tel No. 00-0000 0000, Fax No.: 00-0000 0000] Solicitors for the Assignee/Bank herein or the undermentioned Auctioneer EHSAN AUCTIONEERS SDN. BHD. (Co. No. 617309-U) DATO’ HAJI XXXXX XXXXX BIN X.X. XXXX (D.I.M.P) Suite C-20-3A, Level 20, Block C, Megan Avenue II, / XXXXX XXXXX BIN XXXXXX 00, Xxxxx Xxx Xxxx Xxxx, 50450 Kuala Lumpur (Licensed Auctioneers) Tel No.: 00-0000 0000 Fax No.: 00-0000 0000 Our Ref: UMI/HSBC0454/KYS Website: xxx.xxxxxxxxxxxxxxxx.xxx E-mail: xxxx@xxxxxxxxxxxxxxxx.xxx HP NO. : 000 0000 000 (CALL, WHATSAPP & SMS) PERISYTIHARAN JUALAN DALAM PERKARA MENGENAI PERJANJIAN KEMUDAHAN, SURATIKATAN PENYERAHAN HAK (PIHAK PERTAMA) XXX SURAT KUASA WAKIL KESEMUANYA BERTARIKH 11HB SEPTEMBER, 2009 ANTARA HSBC BANK MALAYSIA BERHAD [127776-V] PIHAK PEMEGANG SERAHHAK/BANK XXX XXXXX BADARUL XXXXXX BIN MEGAT ABDULLAH (NO. K/P: 700815-08-6085/A1602360) PIHAK PENYERAHHAK / PEMINJAM Dalam menjalankan xxx xxx kuasa xxxx telah diberikan kepada Pihak Pemegang Serahhak/Bank di bawah Perjanjian Kemudahan, Suratikatan Penyerahan Hak (Pihak Pertama) xxx Surat Kuasa Wakil kesemuanya bertarikh 11hb September, 2009 (selepas ini dirujuk sebagai ‘Dokumen Sekuriti’) di antara Pihak Pemegang Serahhak/Bank xxx Pihak Penyerahhak, Pihak Peminjam adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak/Bank tersebut dengan bantuan Pelelong yang tersebut di bawah AKAN MENJUAL SECARA LELONGAN AWAM PADA XXXX XXXXXX, BERSAMAAN 22HB FEBRUARI, 2024, JAM 3.00 PETANG, XX XXXXX LELONGAN ‘EHSAN AUCTIONEERS SDN. BHD.’ SUITE C-0-3A, TINGKAT UG, BLOK C, MEGAN AVENUE II, 00, XXXXX XXX XXXX XXXX, 50450 KUALA LUMPUR. Sebagai alternatif, bakal pembida boleh mengemukakan bida untuk hartanah dalam talian melalui xxx.xxxxxxxxxxxxxxxx.xxx (Untuk pembidaan dalam talian, xxxx daftar sekurang-kurangnya satu (1) hari bekerja sebelum hari lelong untuk tujuan pendaftaran & pengesahan) NOTA: Xxxxx-xxxxx pembeli adalah dinasihatkan agar (i) memeriksa hartanah tersebut (ii)meminta nasihat dari Pihak Xxxxxx mengenai Syarat-Syarat Jualan (iii) membuat carian hakmilik secara rasmi di Pejabat Tanah xxx/atau xxxx-xxxx Pihak-pihak Berkuasa yang berkenaan (iv) serta membuat pertanyaan dengan Pihak Pemaju, Pemilik xxx/atau pihak-pihak xxxx xxxx berkenaan mengenai persetujuan untuk jualan xxx pemindahan subjek hartanah tersebut ini sebelum jualan xxxxxx xxx memeriksa /bertanya tentang undang-undang perumahan, waad atau persetujuan bersama, terma-terma yang terkandung di dalam Perjanjian Jual Beli yang xxxxx xxx xxx pernyataan berkenaan kesemua sumbangan / caruman xxx xxxx-lain bayaran yang mesti dibayar sebelum penawar boleh memiliki subjek hartanah tersebut. Selepas berjaya memperolehi hartanah tersebut, pembeli tersebut dikehendaki memohon kebenaran untuk pindahmilk dari pihak Pemaju xxx/atau xxxx-xxxx Pihak Berkuasa yang berkenaan, sekiranya ada xxx juga bertanggungjawab untuk mendapatkan kelulusan bagi pemindahan terus xxx/atau pemindahan-pemindahan daripada Pihak Pemaju xxx/atau Pihak-pihak Berkuasa sekiranya hakmilik individu/strata telah dikeluarkan (v) bahawa Harga Belian xxx xxxx lain xxxx xxxx dibayar berkaitan dengan lelongan awam ke atas Hartanah tersebut adalah tidak termasuk apa-apa cukai-cukai Kerajaan yang dikenakan ke atas pembayaran tersebut termasuk Cukai Penjualan xxx Perkhidmatan (jika berkenaan) yang mesti dibayar oleh penawar yang berjaya. BUTIR-XXXXX XXXXXXXX Hakmilik strata untuk hartanah masih belum dikeluarkan. NO. XXXXXXXX XXXXX/LOT : PN 11818, Lot No. 94 (dahulunya dikenali sebagai HSD 119668, PT 38066) Pekan Kayu Ara, Daerah Petaling, Negeri Selangor PEGANGAN : Pajakan KELUASAN LANTAI : Xxxx-xxxx 748.09 kaki persegi (xxxx-xxxx 69.5 meter persegi) PENJUAL : Xxxxxxxx Azlan Bin Xxxxxxxx Esa PEMAJU : Puncakdana Development Sdn Bhd (282793K) BEBANAN : Serahhak kepada HSBC BANK MALAYSIA BERHAD LOKASI XXX PERIHAL HARTANAH: Hartanah tersebut adalah sebuah unit pangsapuri kos sederhana rendah xxx dikenali sebagai Xxxxx Pemaju No. A1B1510, No. Tingkat 15, Puncak Ara Damansara yang beralamat pos di Unit No. B-15-10, Rumah Pangsa Kayu Ara, Xx. 00, Xxxxx Xxxxxxx, XXX 0X, 00000 Xxxxxxxx Xxxx, Xxxxxxxx. HARGA RIZAB: Hartanah tersebut akan dijual dalam “keadaan sepertimana sediada” xxx tertakluk kepada satu harga rizab sebanyak RM180,000.00 (RINGGIT MALAYSIA SATU XXXXX XXXXX PULUH RIBU SAHAJA) xxx tertakluk kepada Syarat-Syarat Jualan dengan cara Penyerahhakan dari Pemegang Serahhak/Bank xxx tertakluk kepada Pembeli memperolehi kelulusan untuk pindahmilik daripada Pihak Berkuasa yang berkenaan, sekiranya ada termasuk semua terma, syarat-syarat, stipulasi, waad di mana mungkin yang akan dikenakan oleh Xxxxx Xxxxxxxx. xxx tertakluk kepada Syarat-Syarat Jualan dengan cara Penyerahhakan dari Pemegang Serahhak/Bank xxx tertakluk kepada Pembeli memperolehi kelulusan untuk pindahmilik daripada Pihak Berkuasa yang berkenaan, sekiranya ada termasuk semua terma, syarat-syarat, stipulasi, waad di mana mungkin yang akan dikenakan oleh Pihak Berkuasa. Tertakluk kepada Syarat-Syarat Jualan, segala tunggakan cukai tanah, cukai taksiran, caj perkhidmatan/penyenggaraan xxx xxxx-lain bayaran yang mungkin dikenakan oleh Pemaju atau Pihak Berkuasa yang berkenaan setakat tarikh lelong/jualan akan dibayar daripada harga pembelian. Segala bayaran fi, xxx xxx caj lain berhubung dengan pindahmilik xxx penyerahan hak hartanah tersebut hendaklah ditanggung oleh Xxxxxxx. Untuk penawar dalam talian sila rujuk Terma & Syarat pada xxx.xxxxxxxxxxxxxxxx.xxx dengan cara pembayaran deposit.

  • PASSING OF TITLE (A) Upon the Auctioneer's call of "SOLD", title of the offered lot will pass to the highest Bidder acknowledged by the Auctioneer, subject to the conditions set forth here, and such Bidder thereupon (a) assumes full risk and responsibility therefor and neither the Seller no Xxxxxxx- Xxxxxxx or its agents shall be responsible for the loss of, or any damage to any article due to the theft, fire, breakage or any cause whatsoever, however occasioned, (b) will sign a confirmation of purchase thereof, and (c) will thereupon pay the full purchase thereof. All property must be removed form our premises by the Purchaser at their expense no later than 72 hours following the completion of the sale, and if it is not so removed, a handling charge of 10% (ten percent) of the purchase price will be payable by the Purchaser per month, until its removed, with minimum of 20% (TWENTY PERCENT) for any property not so removed within 60 days after the sale. After 90 days, Xxxxxxx-Xxxxxxx may dispose of the property. PURCHASER HEREBY WAIVES ALL REQUIREMENTS OF NOTICE, ADVERTISEMENT AND DISPOSITION OF PROCEEDS REQUIRED BY LAW, AND RELEASES XXXXXXX-XXXXXXX FROM ANY LIABILITIES WHATSOEVER IN CONNECTION WITH SUCH DISPOSAL.

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