RISK/TITLE definition

RISK/TITLE. The Goods are the risk of the Buyer, from the time of delivery. Each of the following clauses are separate and severable and shall be enforceable accordingly a) Notwithstanding delivery, all Goods supplied by the Seller will remain its absolute property until the Buyer has paid in full for them and for all other Goods previously supplied by the Seller b) The Buyer will store the Goods in such a way that they are readily identifiable as our property, but may, as trustees for the Seller, sell those to a third party in the normal course of their business activities c) Upon any sales of the Goods by the Buyer (either alone or with other items) all title right which it has have against the purchaser of the Goods shall automatically vest in us d) The Seller shall be entitled immediately after giving notice of its intention to repossess , to enter upon any premises with such transport as may be necessary and repossess and Goods to which it has title under this clause e) If the Buyer incorporates the Goods supplied by the Buyer into other products with or without materials it already possesses, (or which are supplied to the Buyer by third parties) The property in such other product will pass to the Seller and the Buyer shall store them without charge on the Seller’s behalf as ▇▇▇▇▇▇ f) The Buyer shall not be entitled to pledge or in any way charge by way of security any of the Goods which remain the Seller’s property but in the event you do so all monies owing by the Buyer to the Seller shall without prejudice to any other right or remedy available to the Seller forthwith become due and payable g) The Buyer grants the Seller, its agents and employees and irrevocable license at any time to enter any premises where the Goods are, or may be stored in order to inspect them, or where the Buyer’s right possession has terminated, to recover them.
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Related to RISK/TITLE

  • Project Title PROJECT LOCATION: PROJECT NO.:

  • Risk Weighted Assets means the risk weighted assets or total risk exposure amount, as calculated by the Company in accordance with the Capital Regulations applicable to the Group.

  • At-risk student means any identified student who needs additional support and who is not meeting or not expected to meet the established goals of the educational program (academic, personal/social, career/vocational). At-risk students include but are not limited to students in the following groups: homeless children and youth, dropouts, returning dropouts, and potential dropouts.

  • Title means the right to or ownership of a vehicle, vessel, or outboard

  • Risk of Loss The risk for loss shall remain with the Contractor until any Goods that may be required to be delivered pursuant to this Contract or the Bid Documents are delivered to the Authority in accordance with the terms hereof. Contractor shall carry on the work of furnishing and delivering the Goods at Contractor’s own risk and expense until the same is fully completed and accepted by the Authority and shall be solely liable and responsible for the safety and security thereof.