Title and Security Interests Sample Clauses

Title and Security Interests. Title to Goods shall transfer from Contractor to GRTC at GRTC’s Facility. If full or partial payment is made to Contractor prior to the delivery of all Goods hereunder, title to all Goods shall pass to GRTC, and Contractor shall be deemed a bailee of all Goods remaining in its possession, but in no event shall the risk of loss pass to GRTC until the Goods are delivered to the destination specified herein and accepted by GRTC. Additionally, Contractor grants to GRTC a security interest in all such Goods, which security interest shall be in addition to all other rights of GRTC under any purchase order or applicable law, and Contractor agrees to execute financing statements or such other documents as GRTC may reasonably require to perfect and protect that interest.
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Title and Security Interests. 9.1 Ownership of, and title in, the Goods will not pass to the Customer until the Customer has paid to the Company the Invoiced Amount payable in respect of those Goods.
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Title and Security Interests. Title to Hardware and/or the license to Software shall pass to Customer when Assurance Media delivers such Products to Customer as described above. However, Assurance Media reserves a purchase money security interest in each Product and in any proceeds thereof, including insurance proceeds, until it receives the amounts due and Customer will execute and deliver all documents reasonably requested by Assurance Media to protect and maintain Assurance Media’s security interest. Customer also authorizes Assurance Media to act as its agent and attorney-in-fact (where permitted by law) for the limited purpose of preparing, executing in Customer’s name, and filing on its behalf, a financing statement (for example, a UCC-1) to perfect Assurance Media’s purchase money security interest in each Product. Until title or license has passed to Customer, Customer shall not cause nor permit the Product to be sold, leased, or subject to a lien or other encumbrance other than Assurance Media’s security interest.
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Title and Security Interests. If full or partial payment is made to Seller prior to the delivery of all Supplies or the performance of all Services under the Contract, title to all Supplies identified to the Contract at the time of such payment or thereafter will pass to Purchaser, and Seller will be deemed a bailee of all Supplies remaining in its possession, but in no event will the risk of loss pass to Purchaser until the Supplies are delivered to the destination specified on the Purchase Order and accepted by Purchaser. Seller agrees to maintain insurance coverage in types and amount
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Title and Security Interests. If full or partial payment is made to Seller prior to the delivery of all goods or the performance of all services hereunder, title to all goods identified to this Agreement at the time of such payment or thereafter shall pass to Buyer, and Seller shall be deemed a bailee of all goods remaining in its possession, but in no event shall the risk of loss pass to Buyer until the goods are delivered to the destination specified herein and accepted. Seller agrees to maintain insurance coverage in types and amount satisfactory to Buyer for goods that are or become so identified at any time of this Agreement. Additionally, Seller grants to Buyer a security interest in all goods that are or may become so identified, which security interest shall be in addition to all other rights of Buyer under this Agreement or applicable laws, and Seller agrees to execute financing statements or such other documents as Buyer may reasonably require to perfect and protect that interest.
Sample 1
Title and Security Interests. Title to Hardware and/or the license to Software shall pass to Customer when MTM delivers such Products to Customer as described above. However, MTM reserves a purchase money security interest in each Product and in any proceeds thereof, including insurance proceeds, until it receives the amounts due and Customer will execute and deliver all documents reasonably requested by MTM to protect and maintain MTM’s security interest. Customer also authorizes MTM to act as its agent and attorney-in-fact (where permitted by law) for the limited purpose of preparing, executing in Customer’s name, and filing on its behalf, a financing statement (for example, a UCC-1) to perfect MTM’s purchase money security interest in each Product. Until title or license has passed to Customer, Customer shall not cause nor permit the Product to be sold, leased, or subject to a lien or other encumbrance other than MTM’s security interest.
Sample 1
Title and Security Interests. Title to Hardware and/or the license to Software shall pass to Customer when MTM delivers such Products to Customer as described above. However, MTM reserves a purchase money security interest in each Product and in any proceeds thereof, including insurance proceeds, until it receives the amounts due and Customer will execute and deliver all documents reasonably requested by MTM to protect and maintain MTM’s security interest. Customer also authorizes MTM to act as its agent and attorney-in-fact (where permitted by law) for the limited purpose of preparing, executing in Customer’s name, and filing on its behalf, a financing statement (for example, a UCC-1) to perfect MTM’s purchase money security interest in each Product. Until title or license has passed to Customer, Customer shall not cause nor permit the Product to be sold, leased, or subject to a lien or other encumbrance other than MTM’s security interest. Installation. Customer acknowledges that (i) MTM is not responsible for installation, maintenance, upgrading, enhancement, or error correction, of the Products or for any training or other services relating thereto (unless specifically set forth in a Sales Order) and (ii) in order to obtain the benefits desired from the Products, Customer may need to obtain and integrate with the Products various other products which are not provided by MTM under this Agreement. Customer is responsible for obtaining any such additional services and products under a separate agreement from MTM, the Product supplier or other qualified third party. Unless otherwise provided in a relevant Sales Order, Customer shall not delay acceptance or withhold any payment otherwise due to MTM based on the installation, testing, acceptance or performance of any Products. Cancellation & Returns. MTM may cancel any or all of the Products in a Sales Order if its supplier does not accept or cancels the applicable order from MTM. Product returns are solely at the discretion of MTM which, if accepted, are subject to the written authorization of the distributor and/or manufacturer. MTM Referral Partners. MTM has agreements with certain organizations to promote, market and support certain Products (“Referral Partners”). When Customer orders Products under this Agreement marketed to Customer by MTM’s Referral Partners, MTM confirms that it is responsible for providing the Products to Customer under the terms of this Agreement. MTM is not responsible for (a) the actions of the Referral Partne...
Sample 1
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Related to Title and Security Interests

  • Liens and Security Interests Each party grants to the other parties hereto a lien upon any interest it now owns or hereafter acquires in the Oil and Gas Interests in the Contract Area, and a security interest and/or purchase money security interest in any interest it now owns or hereafter acquires in the personal property and fixtures on or used or obtained for use in connection therewith, to secure performance of all of its obligations under this Agreement including but not limited to payment of expense, interest and fees, the proper disbursement of all monies paid hereunder, the assignment or relinquishment of interest in Oil and Gas Leases as required hereunder, and the proper performance of operations hereunder. Such lien and security interest granted by each party hereto shall include such party’s leasehold interests, working interests, operating rights, and royalty and overriding royalty interests in the Contract Area now owned or hereafter acquired and in lands pooled or unitized therewith or otherwise becoming subject to this Agreement, the Oil and Gas when extracted therefrom and equipment situated thereon or used or obtained for use in connection therewith (including, without limitation, all xxxxx, tools, and tubular goods), and accounts (including, without limitation, accounts arising from gas imbalances or from the sale of Oil and/or Gas at the wellhead), contract rights, inventory and general intangibles relating thereto or arising therefrom, and all proceeds and products of the foregoing. To perfect the lien and security agreement provided herein, each party hereto shall execute and acknowledge the recording supplement and/or any financing statement prepared and submitted by an party hereto in conjunction herewith or at any time following execution hereof, and Operator is authorized to file this Agreement or the recording supplement executed herewith as a lien or mortgage in the applicable real estate records and as a financing statement with the proper officer under the Uniform Commercial Code in the state in which the Contract Area is situated and such other states as Operator shall deem appropriate to perfect the security interest granted hereunder. Any party may file this Agreement, the recording supplement executed herewith, or such other documents as it deems necessary as a lien or mortgage in the applicable real estate records and/or a financing statement with the proper officer under the Uniform Commercial Code. Each party represents and warrants to the other parties hereto that the lien and security interest granted by such party to the other parties shall be a first and prior lien (except as to the liens granted by AE in favor of Citibank, N.A., and each party hereby agrees to maintain the priority of said lien and security interest against all persons acquiring an interest in Oil and Gas Leases and Interests covered by this Agreement by, through or under such party. All parties acquiring an interest in Oil and Gas Leases and Oil and Gas Interests covered by this Agreement, whether by assignment, merger, mortgage, operation of law, or otherwise, shall be deemed to have taken subject to the lien and security interest granted by this Article VII.B. as to all obligations attributable to such interest hereunder whether or not such obligations arise before or after such interest is acquired. To the extent that parties have a security interest under the Uniform Commercial Code of the state in which the Contract Area is situated, they shall be entitled to exercise the rights and remedies of a secured party under the Code. The bringing of a suit and the obtaining of judgment by a party for the secured indebtedness shall not be deemed an election of remedies or otherwise affect the lien rights or security interest as security for the payment thereof. In addition, upon default by any party in the payment of its share of expenses, interest or fees, or upon the improper use of funds by the Operator, the other parties shall have the right, without prejudice to other rights or remedies, to collect from the purchaser the proceeds from the sale of such defaulting party’s share of Oil and Gas until the amount owed by such party, plus interest as provided in “Exhibit C,” has been received, and shall have the right offset the amount owed against the proceeds from the sale of such defaulting party’s share of Oil and Gas. All purchasers of production may rely on a notification of default from the non-defaulting party or parties stating the amount due as result of the default, and all parties waive any recourse available against purchasers for releasing production proceeds as provided in this paragraph. If any party fails to pay its share of cost within one hundred twenty (120) days after rendition of a statement therefore by Operator, the non-defaulting parties may, but shall have no obligation to do so, upon request by Operator, pay the unpaid amount in the proportion that the interest of each such party bears to the interest of all such parties. Any amount paid by a party so paying its share of the unpaid amount shall be secured by the liens and security rights described in Article VII.B., and each paying party may independently pursue any remedy available hereunder or otherwise. If any party does not perform all of its obligations hereunder, and the failure to perform subjects such party to foreclosure or execution proceedings pursuant to the provisions of this Agreement, to the extent allowed by governing law, the defaulting party waives any available right of redemption from and after the date of judgment, any required valuation or appraisement of the mortgaged or secured property prior to sale, any available right to stay execution or to require a marshalling of assets and any required bond in the event a receiver is appointed. In addition, to the extent permitted by applicable law, each party hereby grants to the other parties a power of sale as to any property that is subject to the lien and security rights granted hereunder, such power to be exercised in the manner provided by applicable law or otherwise in a commercially reasonable manner and upon reasonable notice. Each party agrees that the other parties shall be entitled to utilized the provisions of Oil and Gas lien law or other lien law of any state in which the Contract Area is situated to enforce the obligations of each party hereunder. Without limiting the generality of the foregoing, to the extent permitted by applicable law, Non-Operators agree that Operator may invoke or utilize the mechanics’ or materialman’s lien law of the state in which the Contract Area is situated in order to secure the payment to Operator of any sum due hereunder for services performed or materials supplied by Operator.

  • 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.

  • Collateral; Security Interest (a) Pursuant to the Custodial Agreement, the Custodian shall hold the Mortgage Loan Documents as exclusive bailee and agent for the Lender pursuant to terms of the Custodial Agreement and shall deliver to the Lender Trust Receipts (as defined in the Custodial Agreement) each to the effect that it has reviewed such Mortgage Loan Documents in the manner and to the extent required by the Custodial Agreement and identifying any deficiencies in such Mortgage Loan Documents as so reviewed.

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