Common use of Risk Clause in Contracts

Risk. a. Notwithstanding Retention of Title provisions as per clause 3 hereof, the risk in Goods purchased shall pass to the Customer upon delivery to the Customer or its agent or a carrier nominated by the Customer. b. If any of the Goods are damaged or destroyed prior to the title passing to the Customer, the Company is entitled, without affecting any other rights and remedies under any agreement, to any insurance proceeds payable for the Goods.

Appears in 24 contracts

Samples: Commercial Credit Application and Security Agreement, 30 Day Eom Credit Application and Security Agreement, 30 Day Eom Credit Application and Security Agreement

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Risk. a. Notwithstanding Retention of Title provisions as per clause 3 hereof, the risk in Goods purchased shall pass to the Customer upon delivery to the Customer or its agent or a carrier nominated by the Customer. b. If any of the Goods are damaged or destroyed prior to the title passing to the Customer, the Company is entitled, without affecting any other rights and remedies reme- dies under any agreement, to any insurance proceeds payable for the Goods.

Appears in 2 contracts

Samples: Credit Application, Trading Terms & Security Agreement, Credit Application, Trading Terms & Security Agreement

Risk. a. (a) Notwithstanding Retention retention of Title title provisions as per under clause 3 18 hereof, the risk in the Goods purchased (including risk of damage or loss of the Goods) shall pass to the Customer upon delivery of the Goods to the Customer or its agent or to a carrier nominated commissioned by the Customer. b. (b) If any of the Goods are damaged or destroyed prior to the title passing to the Customer, the Company Supplier is entitled, without affecting any other rights and remedies under any other agreement, to any insurance proceeds payable for the Goods.

Appears in 1 contract

Samples: Credit Application Form and Terms of Trade Agreement

Risk. a. Notwithstanding Retention of Title provisions as per clause 3 11 hereof, the risk in Goods goods purchased shall pass to the Customer upon delivery to the Customer or its agent or a carrier nominated by the Customer. b. If any of the Goods goods are damaged or destroyed prior to the title in them passing to the Customer, the Company is entitled, without affecting any other rights and remedies under any agreement, to any insurance proceeds payable for the Goodsgoods.

Appears in 1 contract

Samples: Supply Agreement

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Risk. a. 11.1. Notwithstanding Retention of Title provisions as per clause 3 hereofherein, the risk in Goods purchased supplied shall pass to the Customer upon delivery to the Customer or its agent or a carrier nominated by the CustomerDelivery. b. 11.2. If any of the Goods are damaged or destroyed prior to the title in them passing to the Customer, the Company is entitled, without affecting any other rights and remedies under any agreement, to any insurance proceeds payable for the Goods.

Appears in 1 contract

Samples: Security Agreement

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