Common use of TRANSFER OF TITLE AND OWNERSHIP Clause in Contracts

TRANSFER OF TITLE AND OWNERSHIP. 11.1 Without prejudice to the provisions of Section 9.1, the Equipment shall remain the Seller's property until the relevant purchase price will have been paid in full. In the event the applicable laws do not permit the Seller to retain title, the Seller shall be entitled to a security interest or charge in the asset. The Buyer shall give the Seller every assistance in securing an interest in the property or taking any measure required to protect Seller's title or such other rights. The retention of title, security interest or charge shall not affect the passing of risk of loss and/or damage under Section 9.

TRANSFER OF TITLE AND OWNERSHIP. 11.1 Without prejudice to the provisions of Section 9.1, the Equipment shall remain the Seller's ’s property until the relevant purchase price will have been paid in full. In the event the applicable laws do not permit the Seller to retain title, the Seller shall be entitled to a security interest or charge in the asset. The Buyer shall give the Seller every assistance in securing an interest in the property or taking any measure required to protect Seller's ’s title or such other rights. The retention of title, security interest or charge shall not affect the passing of risk of loss and/or damage under Section 9.