Common use of Retention of Title Clause in Contracts

Retention of Title. 1. Notwithstanding the other provisions in these Sales Conditions, ▇▇▇▇▇ shall retain ownership and title to the Products delivered to the Purchaser by ▇▇▇▇▇ until the Purchaser has made full and final payment of all amounts (including interest, costs and penalties) that it owes to ▇▇▇▇▇ under all Agreements entered into between ▇▇▇▇▇ and the Purchaser, including all joint obligations and all claims by ▇▇▇▇▇ based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of ▇▇▇▇▇, sell these Products owned by ▇▇▇▇▇. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by ▇▇▇▇▇. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of ▇▇▇▇▇ Purchaser will present ▇▇▇▇▇ a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform ▇▇▇▇▇ thereof in full before the delivery of the Products. The Purchaser shall, at ▇▇▇▇▇’▇ first request, co-operate in satisfying these requirements or - at ▇▇▇▇▇’▇ sole discretion and on behalf of ▇▇▇▇▇, - vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against third parties. By entering into an Agreement the Purchaser grants ▇▇▇▇▇ irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by ▇▇▇▇▇ or encumber them in any way.

Retention of Title. 1. Notwithstanding the other provisions in these Sales Conditions, ▇▇▇▇▇ shall retain ownership and title to the Products delivered to the Purchaser by ▇▇▇▇▇ until the Purchaser has made full and final payment of all amounts (including interest, costs and penalties) that it owes to ▇▇▇▇▇ under all Agreements entered into between ▇▇▇▇▇ and the Purchaser, including all joint obligations and all claims by ▇▇▇▇▇ based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of ▇▇▇▇▇, sell these Products owned by ▇▇▇▇▇. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by ▇▇▇▇▇. STAH L. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of ▇▇▇▇▇ Purchaser will present ▇▇▇▇▇ a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform ▇▇▇▇▇ thereof in full before the delivery of the Products. The Purchaser shall, at ▇▇▇▇▇’▇ first request, co-operate in satisfying these requirements or - at ▇▇▇▇▇’▇ sole discretion and on behalf of ▇▇▇▇▇, - vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against third parties. By entering into an Agreement the Purchaser grants ▇▇▇▇▇ irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by ▇▇▇▇▇ or encumber them in any way.

Retention of Title. 1. Notwithstanding the other provisions in these Sales Conditions, ▇▇▇▇▇ STAHL shall retain ownership and title to the Products delivered to the Purchaser by ▇▇▇▇▇ STAHL until the Purchaser has made full and final payment of all amounts (including interest, costs and penalties) that it owes to ▇▇▇▇▇ under all Agreements entered into between ▇▇▇▇▇ and the Purchaser, including all joint obligations and all claims by ▇▇▇▇▇ based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of ▇▇▇▇▇, sell these Products owned by ▇▇▇▇▇STAHL. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by ▇▇▇▇▇STAHL. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of ▇▇▇▇▇ Purchaser will present ▇▇▇▇▇ a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform ▇▇▇▇▇ thereof in full before the delivery of the Products. The Purchaser shall, at ▇▇▇▇▇’▇ first request, co-operate in satisfying these requirements or - at ▇▇▇▇▇’▇ sole discretion and on behalf of ▇▇▇▇▇, - vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against third parties. By entering into an Agreement the Purchaser grants ▇▇▇▇▇ irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by ▇▇▇▇▇ or encumber them in any way.

Retention of Title. 1. Notwithstanding the other provisions in these Sales Conditions, ▇▇▇▇▇ PIELCOLOR shall retain ownership and title to the Products delivered to the Purchaser by ▇▇▇▇▇ PIELCOLOR until the Purchaser has made full and final payment of all amounts (including interest, costs and penalties) that it owes to ▇▇▇▇▇ PIELCOLOR under all Agreements entered into between ▇▇▇▇▇ PIELCOLOR and the Purchaser, including all joint obligations and all claims by ▇▇▇▇▇ PIELCOLOR based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of ▇▇▇▇▇PIELCOLOR, sell these Products owned by ▇▇▇▇▇PIELCOLOR. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by ▇▇▇▇▇PIELCOLOR. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of ▇▇▇▇▇ PIELCOLOR Purchaser will present ▇▇▇▇▇ PIELCOLOR a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform ▇▇▇▇▇ PIELCOLOR thereof in full before the delivery of the Products. The Purchaser shall, at ▇▇▇▇▇’▇ PIELCOLOR’s first request, co-operate in satisfying these requirements or - at ▇▇▇▇▇’▇ PIELCOLOR’s sole discretion and on behalf of ▇▇▇▇▇PIELCOLOR, - vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against third parties. By entering into an Agreement the Purchaser grants ▇▇▇▇▇ PIELCOLOR irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by ▇▇▇▇▇ PIELCOLOR or encumber them in any way.

Retention of Title. 1. Notwithstanding any provisions to the other provisions contrary in these Sales ConditionsCondi- tions, ▇▇▇▇▇ AALTERPAINT shall retain ownership and title to the Products delivered to the Purchaser by ▇▇▇▇▇ AALTERPAINT until the Purchaser has made full and final complied fully with all payment of all amounts obligations (including interest, costs and penalties) that it owes to ▇▇▇▇▇ AALTERPAINT under all Agreements entered into between ▇▇▇▇▇ AALTERPAINT and the Purchaser, including all joint obligations and all claims by ▇▇▇▇▇ AALTERPAINT based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of ▇▇▇▇▇AALTERPAINT, sell these Products owned by ▇▇▇▇▇AALTERPAINT. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by ▇▇▇▇▇AALTERPAINT. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of ▇▇▇▇▇ Purchaser will present ▇▇▇▇▇ a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform ▇▇▇▇▇ AALTERPAINT thereof in full before the delivery deliv- ery of the Products. The Purchaser shall, at ▇▇▇▇▇’▇ AALTERPAINT’s first request, co-operate in satisfying these requirements or - at ▇▇▇▇▇’▇ AALTERPAINT’s sole discretion and on behalf of ▇▇▇▇▇AALTERPAINT, - vest in the Products (whether wheth- er delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against in relation to third parties. By entering into an Agreement the Purchaser grants ▇▇▇▇▇ irrevocable AALTERPAINT irrevo- cable authority to take any measures necessary to effect the above. 4▇. As ▇▇ long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by ▇▇▇▇▇ AALTERPAINT or encumber them in any way.

Retention of Title. 1. Notwithstanding the other provisions in these Sales Conditions, ▇▇▇▇▇ shall retain ownership and title to the Products delivered to the Purchaser by ▇▇▇▇▇ until the Purchaser has made full and final payment of all amounts (including interest, costs and penalties) that it owes to ▇▇▇▇▇ under all Agreements entered into between ▇▇▇▇▇ and the Purchaser, including all joint obligations and all claims by ▇▇▇▇▇ based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of ▇▇▇▇▇, sell these Products owned by ▇▇▇▇▇. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by ▇▇▇▇▇. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ headquarters/storage warehouse. At the first request of ▇▇▇▇▇ Purchaser will present ▇▇▇▇▇ a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform ▇▇▇▇▇ thereof in full before the delivery of the Products. The Purchaser shall, at ▇▇▇▇▇’▇ first request, co-operate in satisfying these requirements or - at ▇▇▇▇▇’▇ sole discretion and on behalf of ▇▇▇▇▇, - vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against third parties. By entering into an Agreement the Purchaser grants ▇▇▇▇▇ irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by ▇▇▇▇▇ or encumber them in any way.

Retention of Title. 1. Notwithstanding the other provisions in these Sales Conditions, ▇▇▇▇▇ STAHL shall retain ownership and title to the Products delivered to the Purchaser by ▇▇▇▇▇ STAHL until the Purchaser has made full and final payment of all amounts (including interest, costs and penalties) that it owes to ▇▇▇▇▇ under all Agreements entered into between ▇▇▇▇▇ and the Purchaser, including all joint obligations and all claims by ▇▇▇▇▇ based on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of ▇▇▇▇▇, sell these Products owned by ▇▇▇▇▇STAHL. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by ▇▇▇▇▇. STAH L. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of ▇▇▇▇▇ Purchaser will present ▇▇▇▇▇ a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform ▇▇▇▇▇ thereof in full before the delivery of the Products. The Purchaser shall, at ▇▇▇▇▇’▇ first request, co-operate in satisfying these requirements or - at ▇▇▇▇▇’▇ sole discretion and on behalf of ▇▇▇▇▇, - vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against third parties. By entering into an Agreement the Purchaser grants ▇▇▇▇▇ irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by ▇▇▇▇▇ or encumber them in any way.

Retention of Title. 1. Notwithstanding any provisions to the other provisions contrary in these Sales Conditions, ▇▇▇▇▇ AALTERPAINT shall retain ownership and title to the Products delivered to the Purchaser by ▇▇▇▇▇ AALTERPAINT until the Purchaser has made full and final complied fully with all payment of all amounts obligations (including interest, costs and penalties) that it owes to ▇▇▇▇▇ AALTERPAINT under all Agreements entered into between ▇▇▇▇▇ AALTERPAINT and the Purchaser, including all joint obligations and all claims by ▇▇▇▇▇ based AALTERPAINT base on default on the part of the Purchaser with regard to these Agreements. Nevertheless, the Purchaser may, in the ordinary course of its business, process or, in the event the Purchaser is a distributor of ▇▇▇▇▇AALTERPAINT, sell these Products owned by ▇▇▇▇▇AALTERPAINT. 2. The Purchaser shall at its own expense obtain adequate insurance coverage for the Products owned by ▇▇▇▇▇AALTERPAINT. This coverage shall be for loss, theft and any other risks for which insurance is ordinarily obtained in the country in which the Purchaser has its headquarters/ storage warehouse. At the first request of ▇▇▇▇▇ Purchaser will present ▇▇▇▇▇ a copy of the insurance policy as well as proof of payment. 3. Where the laws of the country or countries for which the Products are intended, to which the Products are sent, or in which the Purchaser is situated do not acknowledge retention of title in this way or set specific requirements for the validity or vesting of this right, in whole or in part, the Purchaser shall inform ▇▇▇▇▇ AALTERPAINT thereof in full before the delivery of the Products. The Purchaser shall, at ▇▇▇▇▇’▇ AALTERPAINT’s first request, co-operate in satisfying these requirements or - at ▇▇▇▇▇’▇ AALTERPAINT’s sole discretion and on behalf of ▇▇▇▇▇, - AALTERPAINT,- vest in the Products (whether delivered yet or not) a security right that shall be similar in effect to retention of title and that shall be effective against in relation to third parties. By entering into an Agreement the Purchaser grants ▇▇▇▇▇ AALTERPAINT irrevocable authority to take any measures necessary to effect the above. 4. As long as any Products are subject to retention of title or the Purchaser is subject to any other obligation to vest or to arrange for the vesting of a similar GENERAL CONDITIONS OF SALE security right on the Products pursuant to the provisions in article 11(3) of the Sales Conditions, the Purchaser shall not grant a pledge on the Products delivered by ▇▇▇▇▇ AALTERPAINT or encumber them in any way.