Retention of ownership. 1 TTI shall retain ownership of the merchandise pending receipt of all payments resulting from the supply contract; the purchaser recognizes the simple and prolonged retention of ownership by TTI. TTI shall be entitled to repossess the merchandise in the event of behavior by the purchaser in violation of the contract, especially default in payment. The repossession of the merchandise through TTI does not constitute a rescission of the contract unless so expressed by TTI explicitly and in text form. The seizure of the merchandise through TTI always signifies rescission of the contract. TTI shall be entitled to sell the merchandise following repossession; the proceeds from the sale are to be credited toward the amounts owed by the purchaser, minus reasonable sales expenses.
Retention of ownership. All goods supplied by us remain our property unreservedly until the payment of all claims according to the contract. The buyer may himself sell the delivered goods in the usual process of business as long as he is not in default, however, in case of deferred payment only with reservation to the supplier's title of retention of ownership. Further sale is not permitted in case of bankruptcy proceedings or compositions. If goods under reserved title are further sold the buyer immediately assigns his title to us of the amount he charges his buyer as well as his title of disposition of the goods. In such cases the buyer commits himself upon our request to inform his buyer of the operation of our title of possession. Payments which our buyer receives from his customer count as trustee payments for us. In this connection the expanded and extended title of retention is valid. In case of payment arrears the buyer is obliged to return the goods to us calculated at current market prices regardless our further claims. Assertion of our rights under the retention of ownership clause and any distrain upon the delivered object on our part shall not be construed as withdrawal from the contract. As long as the retention of ownership clause is valid the purchaser has no right to pledge the delivered object or assign it for security. He has to notify us without delay in case of any execution by third parties. The supplier is entitled to require information about all cessions of demand and their debtors, all necessary details for debt payment, the release of appropriate documents, and to inform buyer's debtors accordingly. In case the delivered goods will be sold by the buyer together with other goods which do not belong to us the claim of our buyer against his customer is to be regarded as cession of demand in the amount of the price agreed between supplier and buyer. The supplier commits himself to release the secured amounts he is entitled to in such a way as their value exceeds the claims to be secured by more than 20% in case they are not yet settled. The buyer is to insure the delivered goods at his expense adequately in our favour in such a way that on demand we are entitled to receive the enquired amount directly from the insurance company. He is to release his claims against the insurance company to us on demand. If the buyer finances his transaction through a credit institute he is obliged to inform the institute of our title of retention. Tools remain our property e...
Retention of ownership. Ownership in the object of purchase shall be transferred to the AG upon handover to the AG or to a third party designated by the AG un- teien keine andere Form des Eigentumsübergangs vereinbaren. Ein less the Parties have agreed on a different form of ownership transfer. Eigentumsvorbehalt – gleich in welcher Form – ist ausgeschlossen.
Retention of ownership. 1. The ownership of delivery items shall be transferred to the Customer only after the complete payment thereof. Insofar as the validity of the retention of ownership is tied to special conditions or special formal requirements in the country of destination, the Customer shall bear the responsibility for their fulfilment.
Retention of ownership. Until full payment has been made, the delivered goods remain the property of Belmus Germany GmbH. You have the right to withdraw from this contract within fourteen days without giving any reason. The cancellation period is fourteen days from the day on which you or a third party named by you who is not the carrier took possession of the last goods. In order to exercise your right of withdrawal, you must send us (Xxxxx Xxxxx, Xxxxxxxxxxxxxx, Xxxxxxx-Xxxxxxx-Xxxxxx 000, X-00000 Xxxxxxxx, Tel.: +00 00 000 00 00 00, email: xxxxxxx@xxxxxxxxxx.xx) a clear statement (e.g. a letter sent by post or an e-mail) about your decision to withdraw from this contract. You can use the attached model cancellation form, which is not mandatory. To meet the cancellation deadline, it is sufficient for you to send the communication regarding your exercise of the right of cancellation before the cancellation period has expired. If you revoke this contract, we have paid you all payments that we have received from you, including the delivery costs (with the exception of the additional costs resulting from the fact that you have chosen a different type of delivery than the cheapest standard delivery offered by us have), immediately and at the latest within fourteen days from the day on which we received the notification of your cancellation of this contract is. For this repayment, we use the same means of payment that you used in the original transaction, unless something else was expressly agreed with you; under no circumstances will you be charged fees for this repayment. We may refuse repayment until we have received the returned goods or until you have provided proof that you have returned the goods, whichever is earlier. You must return or hand over the goods to us immediately and in any case no later than fourteen days from the day on which you inform us of the cancellation of this contract. The deadline is met if you send back the goods before the period of fourteen days has expired. You bear the direct costs of returning the goods. You only have to pay for any diminished value of the goods if this diminished value is due to the handling of the goods that is not necessary to check the nature, properties and functionality of the goods. For returns from Germany with Hermes and from Austria with DHL, we will cover the return costs for you.
Retention of ownership. All merchandise supplied, installed, or otherwise handed over shall remain our property until payment of the purchase price has been received in full. As long as right of retention of ownership pertains, sale, offering in pledge, assignment as security, leasing or other assignment of the object of purchase shall not be permissible without our written agreement. Principals shall declare themselves in agreement that all payments effected shall be set in the first instance against costs and reminder expenses, then against interest and other ancillary charges, and finally against the purchase price of the merchandise subject to retention of ownership. The claiming of retention of ownership shall not mandatorily signify withdrawal from the contract.
Retention of ownership. STS Sensor Technik Sirnach AG will remain the owner of the goods until the complete payment of the purchase price.
Retention of ownership a) The delivered goods remain the property of the seller (or assignee) up until full payment of debts arising from the delivery (invoice amount, increased invoice amount, interest, expenses, and costs). The deliveries made for a particular project, also if these have been ordered, delivered and billed in sections, are considered as a single order. The retention of ownership in all goods hereby does not expire if all claims of the seller (or assignee) from such a single order are settled. In the case of payment default by the orderer (purchaser), the seller (or assignee) is entitled to collect the goods subject to retention of ownership also without rescinding the contract. It is also expressly agreed that the seller is entitled to enter the apartment or respectively business premises of the purchaser in order to take the object of the purchase back if the payment agreements are not adhered to. The retention of ownership can be claimed regarding the entire delivery or individual goods, with or without rescinding the contract. As long as the retention of ownership is in force, the orderer (purchaser) may not sell, gift, pledge, loan or otherwise dispose of the objects, he is to report by means of registered post any pledging of the goods subject to retention of ownership carried out or impending by third parties and is liable for all additional expenses which the seller (or assignee) must make to ward off such pledging. The seller (assignee) is to be informed immediately in writing about changes in the orderer’s (purchaser’s) address. The orderer (purchaser) is also liable for any damage or loss of the objects subject to retention of ownership, irrespective of whether the damages were caused by him or third parties. The orderer (purchaser) assumes the risk for the goods from when they are handed over. The orderer (purchaser) is also obligated to treat the goods carefully, insure them against water and fire damage, and to indemnify and hold free and harmless the seller (or assignee) as long as the goods are the property of the seller (or assignee) or financed by a bank. The same applies for instalment contracts as agreed. The retention of ownership does not expire until full payment of the last instalment along with all interest, expenses and costs. If the agreed payments are moreover not adhered to, the seller (or assignee) has the right to take back the goods delivered against calculating a suitable hire charge, all costs for necessary repairs and servicing...
Retention of ownership. Our delivered goods remain in our ownership until the customer has completely settled all outstanding payments. The customer may not mortgage the goods nor offer them in surety. We must be informed imme- diately of any confiscation by a third party.
Retention of ownership. Retention of ownership as defined in § 449 BGB shall apply to the goods supplied and is extended as follows: