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. Title to the Equipment shall not pass to Buyer before the entire Purchase Price has been paid to Seller. Upon Seller’s receipt of payment in full of the Purchase Price, title to the Equipment shall transfer to Buyer, free and clear of all encumbrances arising by or through Seller. All payments due from Buyer pursuant to the terms of the Sale Agreement shall be made without any abatement or set off of any kind, arising from any cause.
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. 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. 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 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. 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 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.
Title Retention. 1. PRG reserves the title to the goods until all payments are made from the business relationship with the customer.
2. PRG is entitled to insure the goods delivered to the customer's expense against theft, fire, water, breakage and other damage, unless this is proven by the purchaser already.
3. If the buyer defaults on payment, PRG is entitled to demand taking the goods again on the inventory. PRG may also take possession of the goods, without being previously withdrawn from the contract. The purchaser now allows PRG for this case, to enter his premises and take possession of the goods again. The same applies when submitting the affidavit of the purchaser or in the case of an application to open insolvency proceedings.
4. For confiscications, distraints or other act of intervention by third parties, the buyer is obligated for instant display against PRG.
5. The purchaser is entitled to resell the goods in the ordinary course of business. If he does, he hereby assigns to the redemption of all PRG from the mutual business relationship with any monies owed to him from claims arising from the sale to his clients and all ancillary rights to PRG. The purchaser is authorized to collect receivables. The authorization may be revoked in the event of late payment. At the request of the PRG buyer is then obligated to disclose the assignment PRG all his customers and to hand over to collect the necessary documents.
