Common use of Retention of Title Clause in Contracts

Retention of Title. Legal title to all delivered Goods remains with Mondi until the Customer has paid all sums owing to Mondi in connection with the respective Contract and all other obligations of the Customer towards Mondi arising under or in connection with the respective Contract have been fulfilled. The Customer is obliged to appropriately insure the Goods still owned by Mondi against all common risks, particularly against fire, burglary or damage caused by water at its own expense, to treat them cautiously and store them properly. The Customer shall at all times store the Goods in such a manner as shall facilitate identification of them both generally and by reference to invoices in respect thereof. The Customer shall be entitled to sell the Goods in the usual course of business. Any possible claims resulting from such sale shall herewith be assigned to Mondi in advance and the Customer shall undertake all necessary publicity requirements for enforceability of such assignment, such as registration in the book accounts and by notifying the purchaser of the assignment and retention of title. If the Customer sells any goods co-owned by Mondi, the assignment shall apply to the amounts received to the same extent as this co-ownership. Mondi shall be entitled to collect the assigned sum. Any processing of the Goods by the Customer takes place on behalf of Mondi without imposing obligations on Mondi. If the Goods are processed with other goods not owned by Mondi, Mondi acquires a co-ownership on the newly produced goods pro rata the value of the delivered Goods at the time of the processing.

Retention of Title. Legal title to all delivered Goods remains with Mondi until the Customer has paid all sums owing to Mondi in connection with the respective Contract and all other obligations of the Customer towards Mondi arising under or in connection with the respective Contract have been fulfilled. The Customer is obliged to appropriately insure the Goods still owned by Mondi against all common risks, particularly against fire, burglary or damage caused by water at its own expense, to treat them cautiously and store them properly. The Customer shall at all times store the Goods in such a manner as shall facilitate identification of them both generally and by reference to invoices in respect thereof. The Customer shall be entitled to sell the Goods in the usual course of business. Any possible claims resulting from such sale shall herewith be assigned to Mondi in advance and the Customer shall undertake all necessary publicity requirements for enforceability of such assignment, such as registration in the book accounts and by notifying the purchaser of the assignment and retention of title. If the Customer sells any goods co-owned by Mondi, the assignment shall apply to the amounts received to the same extent as this co-ownership. Mondi shall be entitled to collect the assigned sum. Any processing of the Goods by the Customer takes place on behalf of Mondi without imposing obligations on Mondi. If the Goods are processed with other goods not owned by Mondi, Mondi acquires a co-ownership on the newly produced goods pro rata the value of the delivered Goods at the time of the processing. das Miteigentum an der neuen Sache im Verhältnis des Wertes der gelieferten Ware zu den anderen verarbeiteten Gegenständen zur Zeit der Verarbeitung.

Retention of Title. Legal title to all delivered Goods remains with Mondi Nitto until the Customer has paid all sums owing to Mondi Nitto in connection with the respective Contract and all other obligations of the Customer towards Mondi Nitto arising under or in connection with the respective Contract have been fulfilled. The Customer is obliged to appropriately insure the Goods still owned by Mondi Nitto against all common risks, particularly against fire, burglary or damage caused by water at its own expense, to treat them cautiously and store them properly. The Customer shall at all times store the Goods in such a manner as shall facilitate identification of them both generally and by reference to invoices in respect thereof. The Customer shall be entitled to sell the Goods in the usual course of business. Any possible claims resulting from such sale shall herewith be assigned to Mondi Nitto in advance and the Customer shall undertake all necessary publicity requirements for enforceability of such assignment, such as registration in the book accounts and by notifying the purchaser of the assignment and retention of title. If the Customer sells any goods co-owned by MondiNitto, the assignment shall apply to the amounts received to the same extent as this co-ownership. Mondi Nitto shall be entitled to collect the assigned sum. Any processing of the Goods by the Customer takes place on behalf of Mondi Nitto without imposing obligations on MondiNitto. If the Goods are processed with other goods not owned by MondiNitto, Mondi Nitto acquires a co-ownership on the newly produced goods pro rata the value of the delivered Goods at the time of the processing.

Retention of Title. Legal title to all delivered Goods remains with Mondi until the Customer has paid all sums owing to Mondi in connection with the respective Contract and all other obligations of the Customer towards Mondi arising under or in connection with the respective Contract have been fulfilled. The Customer is obliged to appropriately insure the Goods still owned by Mondi Xxxxx against all common risks, particularly against fire, burglary or damage caused by water at its own expense, to treat them cautiously and store them properly. The Customer shall at all times store the Goods in such a manner as shall facilitate identification of them both generally and by reference to invoices in respect thereof. The Customer shall be entitled to sell the Goods in the usual course of business. Any possible claims resulting from such sale shall herewith be assigned to Mondi in advance and the Customer shall undertake all necessary publicity requirements for enforceability of such assignment, such as registration in the book accounts and by notifying the purchaser of the assignment and retention of title. If the Customer sells any goods co-owned by Mondi, the assignment shall apply to the amounts received to the same extent as this co-ownership. Mondi shall be entitled to collect the assigned sum. Any processing of the Goods by the Customer takes place on behalf of Mondi without imposing obligations on Mondi. If the Goods are processed with other goods not owned by Mondi, Mondi acquires a co-ownership on the newly produced goods pro rata the value of the delivered Goods at the time of the processing. das Miteigentum an der neuen Sache im Verhältnis des Wertes der gelieferten Ware zu den anderen verarbeiteten Gegenständen zur Zeit der Verarbeitung.