RETENTION OF TITLE CLAUSE. 12.1 - The Supplier remains the owner of the goods delivered from the date of delivery until full payment of the full selling price, including principal and ancillary sums, in accordance with French Act No. 80-335 of 12 May 1980 on the effects of retention of title clauses in sales contracts.
12.2 - However, risk in the goods lies with the Customer as soon as they are made available. Goods in stock at the Customer's premises must therefore be treated as being entrusted to the Customer and will be appropriately insured by the Customer.
12.3 - Until full payment of the price of the products is made, the Supplier retains title in the products delivered under the order which, in accordance with Articles 2367 et seq. of the French Civil Code, entitles the Supplier to regain possession of the Goods in the event of payment default by the Customer.
12.4 - If the Customer goes into receivership or liquidation, the Supplier will have the right to claim ownership of the goods sold in accordance with the French Act of 25 January 1985, within three months from the date of publication of the declaratory judgment. The Supplier will have the right to take back the goods or have them taken back at the consignee's expense. In order to facilitate identification when taking back Goods, it is prohibited to remove distinctive marks from the Goods before they are used. In the event of identification problems, all Goods that meet the same specifications and not themselves identified will be deemed to be the Supplier's Goods, up to the amount owed to the Supplier. In addition, the Goods cannot be resold or processed in the event of insolvency proceedings.
RETENTION OF TITLE CLAUSE. The transfer of ownership of the Products to the Buyer is suspended until the price has been paid in full. EIB DE LA JONCHERE will thus retain ownership of the products until the final payment of the latter by the Buyer.
RETENTION OF TITLE CLAUSE. The deliverables remain the property of Corrosia until full payment of the price in accordance with the provisions of the Act passed on May 12, 1980. In case of resale of the deliverables, the Client expressly accepts Xxxxxxxx’x right to claim the Client’s debt against the sub-purchaser by application of the provisions of Article 2372 of the Civil Code. Accordingly, the Client agrees to notify the sub-purchaser, without delay, by registered letter with acknowledgment of receipt and upon Xxxxxxxx’x first request, of the transfer of their rights to the benefit of Corrosia. If Corrosia acts as a subcontractor, the Client must send to Corrosia the identity of the End Client and inform the latter of Xxxxxxxx’x intervention.
RETENTION OF TITLE CLAUSE. The manufacturer reserves the right of ownership of the equipment delivered until the effective payment of the full price, in principal and accessory, stipulated in the order form. Our right of reclamation applies both to our goods and to their price if they have already been resold. In order to invoke this clause, it is sufficient for us to make known our formal wish to have the delivered goods returned, by a simple registered letter with acknowledgement of receipt, addressed to the customer or possibly to his Trustee.
RETENTION OF TITLE CLAUSE. The transfer of ownership of the Products to the Buyer is suspended until the price has been paid in full. MOUGINS SCHOOL will thus retain ownership of the products until the final payment of the latter by the Buyer.
RETENTION OF TITLE CLAUSE. 16.1 The transfer of ownership of the Products to the Customer shall only take place once full payment is received. Payment is understood to mean the payment of the price of the Products, sale costs and interest.
16.2 It is understood that the expenses and risks related to the Products shall be the sole responsibility of the Customer after their delivery. As a consequence, the Customer agrees to take out for the Products supplied but not yet paid for, with a reputable insurance company, an insurance policy to cover the risks to the goods during this period. The Customer must, if requested to do so by POSITRONIC, provide proof that it has taken out such a policy.
16.3 In any case the Products remain assets, in the case of default in payment, the Customer must at its own expense and risk, return the unpaid for Products, following a request by POSITRONIC in a registered letter with acknowledgement of receipt, without POSITRONIC losing any of its rights, the Products that are in stock at the Customer’s premises are presumed to be those that are unpaid for.
16.4 The Customer may only resell the Products bought under retention of title after paying at least 80% (Eighty percent) of the price. In this case, the Customer must inform its customers of the existence of the retention of title clause affecting the Products, and of the right reserved by POSITRONIC to claim either the Products in question or the price pursuant to article L. 624-16 of the French Commercial Code. In this respect and in the case that the Customer fails to pay the remaining balance of the purchase price, it must inform POSITRONIC of the name and address of its customers who are the subpurchasers as well as of any of the resale price which is outstanding.
16.5 The Customer must take all possible legal measures against any claims that third parties may make on the goods sold via seizure, confiscation or equivalent proceedings. The Customer must immediately inform POSITRONIC of any event likely to alter the implementation of this retention of property clause under normal conditions
16.6 Payments shall be credited in order starting with the oldest sales. The repossession of the Products by POSITRONIC is not to the exclusion of other legal proceedings that it may initiate.
RETENTION OF TITLE CLAUSE. ALWF shall retain title to the products being sold until the price - principal and ancillary costs - has been paid in full. In that respect, if the customer is placed subject to court-ordered administration or liquidation proceedings, ALWF reserves the right to claim the products it has sold and for which it has not received payment in the context of the insolvency proceedings.
RETENTION OF TITLE CLAUSE. The delivered goods remain SELLER’s property until full payment of the invoices. As long as SELLER is the owner, BUYER is prohibited from using the goods as security (pledge, pledge, mortgage, etc.). If the goods are processed, this processing does not create any obligations on SELLER’s part. None of the methods to assign ownership provided for in Articles 565 et seq. of the Civil Code shall prevent SELLER from exercising his right of ownership over the goods delivered, whether transformed, united or mixed. In the event of seizure of the goods, forfeiture or other infringements by third parties of SELLER's property rights, BUYER is required to immediately notify the SELLER and indemnify SELLER accordingly.
RETENTION OF TITLE CLAUSE. The retention of title clauses contained in the Seller’s documents are unenforceable to the Buyer.
RETENTION OF TITLE CLAUSE. The transfer of ownership of the Products to the Buyer is suspended until the price has been paid in full. INTERNATIONAL SCHOOL OF NICE will thus retain ownership of the products until the final payment of the latter by the Buyer.