Retention of Title and Security Interest Sample Clauses

Retention of Title and Security Interest. (a) The Supplier retains legal and equitable title in any Product (“goods”) supplied to the Distributor until payment in full for or in connection with the supply of the relevant Product has been received by Supplier. Until payment in full has been received, the following terms in this clause 16 apply.
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Retention of Title and Security Interest. 360 Auto Parts retains all property, title or ownership in any Goods or Equipment supplied to the Customer until payment is made in full for those Goods and the Equipment is returned. Until ownership has passed to the Customer, the Customer will store the Goods in the Equipment so that they are clearly identified as the property of the 360 Auto Parts. The Customer grants to 360 Auto Parts a purchase money security interest in all Goods supplied, and a security interest in all Equipment supplied, either to enable the Customer to acquire rights to the Goods or to secure all obligations of the Customer under this Agreement. The Customer agrees at its own cost to take all steps necessary and to provide 360 Auto Parts with all information necessary to register, maintain and if necessary enforce a financing statement over the Goods or Equipment or their proceeds and will advise 360 Auto Parts immediately in writing of any changes to its name or other relevant information. The Customer waives any right to receive a copy of the verification statement of any financing statement. 360 Auto Parts may require the Customer to pay all reasonable costs, including legal costs, associated with the discharge or amendment of any financing statement registered by 360 Auto Parts, whether or not the change was initiated by the Customer.
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Retention of Title and Security Interest. Until the purchase price for the Goods is paid in full. Quadax Valves shall retain all property in. ownership of, and title to the Goods and Buyer hereby to Quadax Valves a security interest in the Goods together with all proceeds therefrom as security for the performance and payment of the said purchase price, Value has been given and the security interest hereby created shall attach to the Goods when Buyer has rights in the Goods.
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Retention of Title and Security Interest. Until all Lease Payments, and all other amounts due under this Agreement, have been paid, Lessor shall retain title in, and ownership of the Miner, together with a security interest therein and any and all equipment, parts, accessories, attachments, additions and other goods, and all replacements of them, affixed to or used in connection with the Miner and, if Lessee sells or otherwise disposes of the Miner in violation of the terms of this Agreement, in the proceeds of such sale or disposition. Lessor may, in Lessor’s sole discretion, elect to file a notice of security interest with the state of Lessee’s residence to protect this security interest in the Miner.
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Retention of Title and Security Interest. All property rights in, ownership of, and title to the Goods shall NOT pass to Buyer until Samson Controls has received payment in full for Goods. Samson Controls shall retain a security interest in Goods until payment is made in full for Goods. Buyer hereby grants Xxxxxx Controls, for itself and as collateral agent on behalf of each of Samsons’ Controls’ affiliated companies, a security interest in (i) all present and future Items sold or delivered by Xxxxxx Controls to Buyer; (ii) all present and future books and records, including, without limitation, books of account and ledgers, computer programs, computer software, and data relating to Buyer or to any personal property subject to a security interest granted herein; and
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Retention of Title and Security Interest. 6.1. We retain title to products we supply to you until we have received payment in full for those products.
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Retention of Title and Security Interest 
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Related to Retention of Title and Security Interest

  • 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).

  • 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 %.

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

  • Condition of Title 5.1 If, prior to Closing (as hereinafter defined), a date-down to the Title Commitment discloses any new Unpermitted Exceptions which, in the aggregate, do not exceed $25,000 (each, a "Minor Unpermitted Exception"), Seller shall, at Seller's expense, bond over, cure and/or have such Minor Unpermitted Exceptions removed from the Title Commitment or have the Title Insurer commit to insure against loss or damage that may be occasioned by such Minor Unpermitted Exceptions. Notwithstanding the foregoing, if such date down to the Title Commitment discloses any new Unpermitted Exceptions which, in the aggregate, equal or exceed $25,000, Seller shall have the right, but not the obligation, to bond over, cure and/or have such exceptions removed from the Title Commitment or to have the Title Insurer commit to insure against loss or damage that may be occasioned by such Unpermitted Exceptions. If Seller fails to bond over, cure or have any Unpermitted Exception removed or have the Title Insurer commit to insure as specified above within five (5) business days from the date of the date down to the Title Commitment, Purchaser may terminate this Agreement upon written notice to Seller within three (3) days after the expiration of such five (5) business day period; provided, however, and notwithstanding anything contained herein to the contrary, if the Unpermitted Exception which gives rise to Purchaser's right to terminate was recorded against the Property as a result of the affirmative action of Seller (and not by any unrelated third party) or if Seller is able to bond over, cure or remove a Minor Unpermitted Exception for a cost not to exceed $25,000 or the Title Insurer is willing to insure over a Minor Unpermitted Exception for a cost not to exceed $25,000 in accordance with the terms hereof and Seller fails to expend such funds in either case, then Purchaser shall have the additional rights contained in Paragraph 14 herein. Absent notice from Purchaser to Seller in accordance with the preceding sentence, Purchaser shall be deemed to have elected to take title subject to said Unpermitted Exception, without any reduction in or setoff against the Purchase Price as a result thereof. If Purchaser terminates this Agreement in accordance with the terms of this Paragraph 5.1, this Agreement shall terminate without further action of the parties and all Earnest Money theretofore deposixxx xxxo the escrow by Purchaser, together with any interest accrued thereon, shall be returned to Purchaser, and neither party shall have any further liability to the other, except for those covenants and obligations that specifically survive termination of this Agreement.

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

  • Credit Union Lien and Security Interest To the extent you owe the Credit Union money as a borrower, guarantor, indorser or otherwise, the Credit Union has a lien on any or all of the funds in any account in which you have an ownership interest at the Credit Union, regardless of the source of the funds. The Credit Union may apply these funds in any order to pay off your indebtedness without further notice to you. If the Credit Union chooses not to enforce its lien, the Credit Union does not waive its right to enforce the lien at a later time. In addition, you grant the Credit Union a consensual security interest in your accounts and agree the Credit Union may use the funds from your accounts to pay any debt or amount owed the Credit Union, except obligations secured by your dwelling, unless prohibited by applicable law. All accounts are nonassignable and nontransferable to third parties.

  • Security Interests No party to this Escrow Agreement shall grant a security interest in any monies or other property deposited with the Escrow Agent under this Escrow Agreement, or otherwise create a lien, encumbrance or other claim against such monies or borrow against the same.

  • SEPARATE DOCUMENT OF TITLE In the event that the separate document of title to the Property has been or is issued whether prior to, on or after the auction sale.

  • Evidence of Title Evidence that title to a REO is held by the Trustee shall be submitted by the Servicer to the Master Servicer and, if applicable, to the Primary Mortgage Insurer and/or the Pool Insurer, within ten Business Days after marketable title to such REO has been acquired.

  • WARRANTY OF TITLE TO GAS 1. Seller warrants the title to all gas delivered hereunder and the right to sell the same and that such gas shall be free and clear from all liens and adverse claims.

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