Title Retention Sample Clauses

Title Retention. The Company has not acquired or agreed to acquire any material asset on terms that property therein does not pass until full payment is made.

Title Retention. Until complete payment of all our claims plus extras all delivered goods remain our property. For securing the goods delivered under retention of title they have to be stored sep- arately and insured against fire and theft at the cost of the buyer. Retention of title also comprises the processed and manufactured products.

Title Retention. The Seller reserves the right of ownership of the goods until receipt of all payments as set by this Contract. Until full transfer of ownership to the Buyer, the Buyer is obligated to treat the goods with due care.

Title Retention. 10.1 The goods supplied by the Supplier remain property of the Supplier until the Purchaser has fulfilled its obligations ensuing from all agreements concluded with the Supplier. 10.2 The Purchaser may only use goods subject to title retention within the framework of its customary business activities. Subject to the provisions in article 10.2, it may not dispose of, rent out said goods or give them as securities or burden them with other limited business rights. The Purchaser must ensure that the goods remain identifiable as goods received from the Supplier. The Purchaser shall offer the Supplier (or its representative) free access to the location where the Purchaser has the store to the goods at all times. Should the Purchaser not fulfil its payment obligations with respect to the Supplier or give reason to suspect that it will not fulfil its payment obligations in full or in part, then, at the Supplier's request, the Purchaser shall be required to return to the Supplier at its own expense the goods for which ownership has not yet been transferred and the Purchaser shall undertake to lend its full cooperation to the Supplier in order to allow the Supplier (or its representative) to pick up its goods. 10.3 If the Purchaser does not fulfil any obligation to pay, the Supplier is entitled to remove or have removed goods subject to title retention from the Purchaser (or third parties). The Purchaser is required to lend full cooperation under penalty of an immediately payable fine of 15% of the (invoice) amount it owes per day or parts thereof. The Supplier shall not be obliged to compensate its Purchaser for damage that it suffers in connection with the repossession of the goods. The costs of the repossession and any realisation of the repossession of the goods are for the expense of the Purchaser. That which the Supplier must still claim from the Purchaser is reduced by the value that the repossessed goods have for the Supplier as fair value. In this connection, under no circumstances does the Supplier need to maintain a value that is higher than the price for the goods agreed upon with the Purchaser. 10.4 The Purchaser undertakes to insure the goods delivered under title retention upon initial request by the Supplier and to keep them insured against fire, explosion and water damage and against theft and to allow access to the policy of this insurance to the Supplier. The Purchaser also undertakes: a. To pledge all claims by the Purchaser against insurers wit...

Title Retention. 4.1. The sale resulting from this Order shall be made with Title Retention in favor of VULKAN, performed after delivery of the PRODUCT to PURCHASER, which shall be terminated after full compliance with the contractual obligations, especially regarding the full payment of the price. 4.2. Until the contractual obligations are fully complied with, the supplied PRODUCT shall remain in PURCHASER’S provisional ownership, as faithful trustee, provided that PURCHASER cannot transfer the PRODUCT from the agreed installation place, without VULKAN’S prior approval. The INVOICES and trade notes issued as a result of the sale shall be an integrant part hereof. 4.3. In case of installment payment, if one of the installments is not paid, the other installments shall be considered overdue and payable. 4.4. In case of installment payment, PURCHASER agrees to sign all proper documents, specially the standard Title Retention Agreement, before delivery of the PRODUCT, bearing all expenses incurred for contract legalization.

Title Retention. Save for items of stock purchased in the ordinary course of business the Company has not acquired any asset on terms that property does not pass until full payment is made.

Title Retention. The Owner retains full title to the Goods, notwithstanding the possession - any money which the Owner may have paid to make good any failure by the Hirer to satisfy any of its obligations under this Contract, of the Goods by the Hirer. The Hirer has a right only to use the Goods in accordance with - any money the Owner may have paid or expenses incurred to the protection or enforcement this Contract.

Title Retention. The Supplier shall continue to have property rights over the Product, until the purchase price has been fully paid. The passing of risk under Clause 5 shall not be affected by the retention of title. The Purchaser shall help the Supplier, at his request, with taking all the needed actions and measures, in order to protect the Supplier’s title to the Product.

Title Retention. The Supplier at any time retains the full, absolute and entire legal right, title and interest to or in any Modified Products, comprising Retained Products, whether effected by a Products Modification in compliance with this Agreement or otherwise.