Title to the Goods Sample Clauses
Title to the Goods. (1) Regardless of whether the Owner or the Hirer is named as purchaser of the Goods in the relevant invoice(s) issued by the Dealer, and notwithstanding any Down Payment paid by the Hirer to the Dealer in respect of the acquisition of the Goods by the Owner (which Down Payment shall be deemed to be payable by the Hirer to the Owner and as having been paid by the Hirer on behalf of the Owner to the Dealer), the Hirer hereby acknowledges that until such time as the ownership of the Goods vests in the Hirer either pursuant to the proper exercise of the Option to Purchase herein contained or otherwise with the specific written consent of the Owner, the Goods are and shall remain the sole and exclusive property of the Owner. The Hirer shall have possession of the Goods as a mere bailee.
(2) The Hirer covenants not to prejudice or jeopardize the Owner’s rights of ownership and to take all such steps which may be necessary to safeguard its title and without prejudice to the generality of the foregoing shall not assign, encumber or otherwise deal with this Agreement or part with possession of, sell or create or permit the creation or existence of a pledge, charge, mortgage or lien (save liens arising by operation of law) or sub-let or assign the Goods or attempt or purport to do any of such things and shall on all occasions when the ownership of Goods is relevant make clear to any third parties that the same are the property of the Owner.
(3) If the Hirer shall have paid all sums due or payable under this Agreement including, without limitation, the Down Payment and all of the Hire Rents and shall have strictly performed and observed all the Terms and Conditions, the hiring shall come to an end and the Hirer shall be entitled to exercise the Option to Purchase by payment of the Option Fee pursuant to Clause 15 the Goods which shall then become the property of the Hirer and the Owner shall assign and transfer all its rights and interest in the same to the Hirer upon request and at the expense of the Hirer.
Title to the Goods shall not pass to the Customer until the Supplier receives payment in full (in cash or cleared funds) for the Goods and any other goods that the Supplier has supplied to the Customer in respect of which payment has become due, in which case title to the Goods shall pass at the time of payment of all such sums.
Title to the Goods. As long as there remains outstanding by the Purchaser to the Seller any monies or other liabilities whatsoever or until title to goods is in terms relinquished to the Purchaser by the Supplier by writing under the personal hand of a Director of the Supplier:
a) The goods comprised in the order remain the Supplier’s property and the Supplier reserves the right to dispose of the goods or any of them. Risk passes from the Supplier to the Purchaser on delivery.
b) The Supplier may repossess and for this purpose follow or trace the goods at any time from the Purchaser, if in his possession, if the Supplier considers that the amount outstanding is in excess of the credit limit and overdue for payment. The Supplier, its servants and agents may enter the Purchasers premises where the Supplier has reason to believe any of the goods are situated.
c) The Buyer as bailee undertakes to keep the goods safe and in good order and condition and clearly identified as the Supplier’s property.
d) Should the Buyer have passed the goods or any of them to a third party (or have incorporated them in work for a third party) this will be deemed to have been as the Supplier’s agent only and any sums received by the Buyer in respect of such work shall be held in trust for the Supplier until all sums due to the Supplier are discharged.
e) Upon the commission of an act of bankruptcy by an individual buyer the immediate right to possession of the goods shall forthwith automatically revert to the Supplier.
f) All costs including legal fees occasioned in the recovery of goods shall be paid by the Buyer.
Title to the Goods shall pass to the Buyer upon payment to the Seller of the purchase price in cleared funds.
Title to the Goods. Unless otherwise specified in the Contract, title to any goods provided under the Contract shall pass to the Agency upon delivery and acceptance of the goods by the Agency.
Title to the Goods shall not pass to the Reseller until Voip-Unlimited receives payment in full (in cash or cleared funds) for the Goods and any other goods that Voip-Unlimited has supplied to the Reseller in respect of which payment has become due, in which case title to the Goods shall pass at the time of payment of all such sums.
Title to the Goods will pass to the University on the earlier of initial delivery of the Goods, whether in whole or part, to the relevant Location or payment by the University for the Goods.
Title to the Goods. 4.1 Legal and beneficial ownership of Goods shall remain with the Company until payment in full has been received by the Company:
Title to the Goods will remain with the Seller until delivery and actual receipt of the Goods by the Buyer or, in the alternative, the Seller delivers a document of title or registrable Xxxx of Sale of the Goods, bearing any necessary endorsement, to the Buyer.
Title to the Goods shall not pass to the Buyer until the earlier of: (1) the Seller receiving payment in full (in cash or cleared funds) for the Goods and any other goods that the Seller has supplied to the Buyer in respect of which payment has become due, in which case title to the Goods shall pass at the time of payment of all such sums; and