Reservation of Ownership. 10.1 Seller shall reserve the ownership in the object sold until Buyer has met all financial obligations. Seller is entitled to document Seller's ownership on the outside of the delivery item. Buyer shall comply with the required formal regulations to safeguard the reservation of ownership. In case of an attachment or any other recourse, Buyer shall be obliged to claim Seller's ownership and to inform the latter without delay.
Reservation of Ownership. (1) The delivered goods remain our property until all current and future demands from the business relationship including all incidental claims regardless of their legal basis are honoured. This also applies in the case of presenting cheques and bills of exchange. The suspension of individual demands in an ongoing invoice and the application for a credit balance and its approval does not affect the reserved ownership.
Reservation of Ownership. The supplied goods shall remain our property until the payment in full of the purchase price, including all surcharges (interests, expenses, etc.). The reservation of ownership shall also apply to all debts payable to the Supplier by the Customer in connection with other supplies. The Customer shall only be entitled to re-sell the goods subject to our ownership right within the course of due business and provided that the reservation of our ownership is respected by the Customer’s consumers. Other hand- ling of the goods subject to the reservation of ownership, especially as regards the use thereof for the security of creditors’ claims or pledging thereof, is hereby excluded, and the Customer shall in such a case be obliged to indemnify the Supplier for any damages incurred in connection herewith. The Customer shall assign to us any claims from the re-selling of the goods subject to our reser- vation of ownership, and undertakes to notify us, upon our request, about the names of debtors and amounts owed, and notify the debtors concerned about the assignment of their respective claims. Should the Customer fail to meet its payment liabilities or other liabilities arising from the reservation of the Supplier’s ownership or should the Customer fail to comply with the- se commitments in a timely manner, suspend payments or enter into bankruptcy proceedings against the Customer’s assets, all amounts due by the Customer to the Supplier shall imme- diately fall payable, even though bills of exchange may have a later maturity deadline. Unless the overall remaining amount due is immediately settled, the Supplier shall be entitled to claim immediate release of the Supplier’s goods, with the exclusion of any retention right. All expen- ses incurred in connection with the repossession of the goods shall be settled by the Customer. Irrespective of the Customer’s payment obligation, the Supplier shall be entitled to monetize the repossessed goods in a manner most convenient for the Customer. The yields from the sale will be charged in favour of the Customer, after the deduction of all expenses associated with the sale, against the Customer’s total debt; the remainder, if any, will subsequently be released to the Customer. If the goods are seized by a third party, the Customer shall be obliged to inform the distraint officer about the reservation of ownership, and notify us about the seizure of the goods via registered mail. Any expenses on the intervention shall be settl...
Reservation of Ownership. (1) In the case of contracts with consumers, the MBE center retains the ownership of sold and, if applicable, delivered goods until the purchase price has been paid in full.
Reservation of Ownership. 1. All delivered goods shall remain the property of the supplier until complete payment of the price and fulfil- ment of any further obligations arising from existing business relations with the customer. We are empow- ered to withdraw from the contract if the customer comes in default. 2. The customer is entitled to resell the retained goods or combine them with other movables as part of his regular business. He shall ensure that as far as possi- ble the supplier retains the title and hereby assigns to the supplier the claim to the purchase price of the item - which may be processed - from its purchaser to the full amount but no more than up to 120% of the supplier's claim. The supplier accepts this assignment. The cus- tomer must inform the supplier of the purchaser's name. 3. The customer is obliged to inform us about any en- croachment on our retained goods by third party’s rights. Until total fulfilment of all our claims, the retained goods may not be pledged, assigned or disposed in any other not permitted way. The customer must perform, omit or arrange anything necessary to support the up- holding of our ownership. 4. The customer undertakes to keep the retained goods in perfect condition and to insure them against the cus- tomary risks. Upon request he shall provide the supplier with evidence of the insurance. The customer shall immediately notify the supplier of any damage. The customer hereby assigns to the supplier any delay in payment, stoppage of payment or any claims he may acquire against the insurers or third parties by reason of the damage. The supplier accepts this assignment. In
Reservation of Ownership. 1. All goods delivered by the Agent remain the sole property (Section 449 German Civil Code) of the Agent until all receivables have been settled in full.
Reservation of Ownership. 1. Goods supplied remain our property until payment of all our demands under the business contract with the customer has been received.
Reservation of Ownership. 1. Until all our present and future outstanding accounts have been paid in full we reserve ownership of the goods.
Reservation of Ownership. 6.1 Delivery of goods by Xxxxxx is made strictly under reservation of ownership – in so far as this is legally admissible in the country of destination – and subject to the following conditions:
Reservation of Ownership. 8.1. Bis zur vollständigen Bezahlung des Kaufpreises einschließlich etwaiger Nebenforderungen verbleibt das Eigentum an der Vertragsleistung bei tectos. Der Vertragspartner ist verpflichtet, sämtliche rechtliche Vorkehrungen zur Sicherung und zum Schutz von tectos Eigentum zu treffen, d.h. insbesondere ist eine Verpfändung, Sicherheitsübertragung oder sonstige Verwertung untersagt.