Common use of Retention of Title Clause in Contracts

Retention of Title. 1. Notwithstanding the other provisions in these Sales Conditions, XXXXX shall retain ownership and title to the Products delivered to the Purchaser by XXXXX until the Purchaser has made full and final payment of all amounts (including interest, costs and penalties) that it owes to XXXXX under all Agreements entered into between XXXXX and the Purchaser, including all joint obligations and all claims by XXXXX based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of XXXXX, sell these Products owned by XXXXX. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by XXXXX. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of XXXXX Purchaser will present XXXXX a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform XXXXX thereof in full before the delivery of the Products. The Purchaser shall, at XXXXX’x first request, co-operate in satisfying these requirements or - at XXXXX’x sole discretion and on behalf of XXXXX, - vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against third parties. By entering into an Agreement the Purchaser grants XXXXX irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by XXXXX or encumber them in any way.

Retention of Title. 1. Notwithstanding the other provisions in these Sales Conditions, XXXXX shall retain ownership and title to the Products delivered to the Purchaser by XXXXX until the Purchaser has made full and final payment of all amounts (including interest, costs and penalties) that it owes to XXXXX under all Agreements entered into between XXXXX and the Purchaser, including all joint obligations and all claims by XXXXX based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of XXXXX, sell these Products owned by XXXXX. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by XXXXX. STAH L. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of XXXXX Purchaser will present XXXXX a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform XXXXX thereof in full before the delivery of the Products. The Purchaser shall, at XXXXX’x first request, co-operate in satisfying these requirements or - at XXXXX’x sole discretion and on behalf of XXXXX, - vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against third parties. By entering into an Agreement the Purchaser grants XXXXX irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by XXXXX or encumber them in any way.

Retention of Title. 1. Notwithstanding the other provisions in these Sales Conditions, XXXXX PIELCOLOR shall retain ownership and title to the Products delivered to the Purchaser by XXXXX PIELCOLOR until the Purchaser has made full and final payment of all amounts (including interest, costs and penalties) that it owes to XXXXX PIELCOLOR under all Agreements entered into between XXXXX PIELCOLOR and the Purchaser, including all joint obligations and all claims by XXXXX PIELCOLOR based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of XXXXXPIELCOLOR, sell these Products owned by XXXXXPIELCOLOR. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by XXXXXPIELCOLOR. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of XXXXX PIELCOLOR Purchaser will present XXXXX PIELCOLOR a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform XXXXX PIELCOLOR thereof in full before the delivery of the Products. The Purchaser shall, at XXXXX’x PIELCOLOR’s first request, co-operate in satisfying these requirements or - at XXXXX’x PIELCOLOR’s sole discretion and on behalf of XXXXXPIELCOLOR, - vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against third parties. By entering into an Agreement the Purchaser grants XXXXX PIELCOLOR irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by XXXXX PIELCOLOR or encumber them in any way.

Retention of Title. 1. Notwithstanding the other provisions in these Sales Conditions, XXXXX STAHL shall retain ownership and title to the Products delivered to the Purchaser by XXXXX STAHL until the Purchaser has made full and final payment of all amounts (including interest, costs and penalties) that it owes to XXXXX under all Agreements entered into between XXXXX and the Purchaser, including all joint obligations and all claims by XXXXX based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of XXXXX, sell these Products owned by XXXXXSTAHL. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by XXXXXSTAHL. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of XXXXX Purchaser will present XXXXX a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform XXXXX thereof in full before the delivery of the Products. The Purchaser shall, at XXXXX’x first request, co-operate in satisfying these requirements or - at XXXXX’x sole discretion and on behalf of XXXXX, - vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against third parties. By entering into an Agreement the Purchaser grants XXXXX irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by XXXXX or encumber them in any way.

Retention of Title. 1. Notwithstanding any provisions to the other provisions contrary in these Sales Conditions, XXXXX AALTERPAINT shall retain ownership and title to the Products delivered to the Purchaser by XXXXX AALTERPAINT until the Purchaser has made full and final complied fully with all payment of all amounts obligations (including interest, costs and penalties) that it owes to XXXXX AALTERPAINT under all Agreements entered into between XXXXX AALTERPAINT and the Purchaser, including all joint obligations and all claims by XXXXX based AALTERPAINT base on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of XXXXXAALTERPAINT, sell these Products owned by XXXXXAALTERPAINT. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by XXXXXAALTERPAINT. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of XXXXX Purchaser will present XXXXX a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform XXXXX AALTERPAINT thereof in full before the delivery of the Products. The Purchaser shall, at XXXXX’x AALTERPAINT’s first request, co-operate in satisfying these requirements or - at XXXXX’x AALTERPAINT’s sole discretion and on behalf of XXXXX, - AALTERPAINT,- vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against in relation to third parties. By entering into an Agreement the Purchaser grants XXXXX AALTERPAINT irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar GENERAL CONDITIONS OF SALE security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by XXXXX AALTERPAINT or encumber them in any way.

Retention of Title. 1. Notwithstanding the other provisions in these Sales Conditions, XXXXX shall retain ownership and title to the Products delivered to the Purchaser by XXXXX until the Purchaser has made full and final payment of all amounts (including interest, costs and penalties) that it owes to XXXXX under all Agreements entered into between XXXXX and the Purchaser, including all joint obligations and all claims by XXXXX based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of XXXXX, sell these Products owned by XXXXX. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by XXXXX. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ headquarters/storage warehouse. At the first request of XXXXX Purchaser will present XXXXX a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform XXXXX thereof in full before the delivery of the Products. The Purchaser shall, at XXXXX’x first request, co-operate in satisfying these requirements or - at XXXXX’x sole discretion and on behalf of XXXXX, - vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against third parties. By entering into an Agreement the Purchaser grants XXXXX irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by XXXXX or encumber them in any way.

Retention of Title. 1. Notwithstanding any provisions to the other provisions contrary in these Sales ConditionsCondi- tions, XXXXX AALTERPAINT shall retain ownership and title to the Products delivered to the Purchaser by XXXXX AALTERPAINT until the Purchaser has made full and final complied fully with all payment of all amounts obligations (including interest, costs and penalties) that it owes to XXXXX AALTERPAINT under all Agreements entered into between XXXXX AALTERPAINT and the Purchaser, including all joint obligations and all claims by XXXXX AALTERPAINT based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of XXXXXAALTERPAINT, sell these Products owned by XXXXXAALTERPAINT. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by XXXXXAALTERPAINT. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of XXXXX Purchaser will present XXXXX a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform XXXXX AALTERPAINT thereof in full before the delivery deliv- ery of the Products. The Purchaser shall, at XXXXX’x AALTERPAINT’s first request, co-operate in satisfying these requirements or - at XXXXX’x AALTERPAINT’s sole discretion and on behalf of XXXXXAALTERPAINT, - vest in the Products (whether wheth- er delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against in relation to third parties. By entering into an Agreement the Purchaser grants XXXXX irrevocable AALTERPAINT irrevo- cable authority to take any measures necessary to effect the above. 40. As Xx long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by XXXXX AALTERPAINT or encumber them in any way.

Retention of Title. 1. Notwithstanding any provisions to the other provisions contrary in these Sales Conditions, XXXXX AALTERPAINT shall retain ownership and title to the Products delivered to the Purchaser by XXXXX AALTERPAINT until the Purchaser has made full and final payment of complied fully with all amounts pay- ment obligations (including interest, costs and penalties) that it owes to XXXXX AAL- TERPAINT under all Agreements entered into between XXXXX AALTERPAINT and the Purchaser, including all joint obligations and all claims by XXXXX AALTERPAINT based on default on the part of the Purchaser with regard to these Agreements. NeverthelessNe- vertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of XXXXXAALTERPAINT, sell these Products Pro- ducts owned by XXXXXAALTERPAINT. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by XXXXXAALTERPAINT. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of XXXXX Purchaser will present XXXXX a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intendedin- tended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform XXXXX AALTERPAINT thereof in full before the delivery deliv- ery of the Products. The Purchaser shall, at XXXXX’x AALTERPAINT’s first request, co-operate in satisfying these requirements or - at XXXXX’x AALTERPAINT’s sole discretion and on behalf of XXXXXAALTER- PAINT, - vest in the Products (whether wheth- er delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against in relation to third parties. By entering into an Agreement the Purchaser grants XXXXX irrevocable AALTERPAINT irrevo- cable authority to take any measures necessary to effect the above. 40. As Xx long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by XXXXX AALTERPAINT or encumber them in any way.