RISK AND SECURITY Sample Clauses

RISK AND SECURITY. 5.1 Risk: Risk of any loss, damage or deterioration of or to the Goods passes to the Buyer on Delivery.
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RISK AND SECURITY. 5.1 Risk of any loss, damage or deterioration of or to the Goods passes to the Buyer on Delivery. 5.2 Ownership of the Goods remains with the Seller and does not pass to the Buyer until the Buyer pays in full to the Seller: (a) the Amount Owing in respect of the Goods; and‌ (b) all other monies owing by the Buyer to the Seller on any account whatsoever. 5.3 The Buyer acknowledges that upon delivery of the Goods to the Buyer, the Goods become subject to a Security Interest in favour of the Seller, which shall remain in effect until such time as the Goods are returned to the Seller (in accordance with this Agreement), or the Buyer has paid the Seller in full for the Goods. 5.4 While Ownership of the Goods remains with the Seller, the Seller authorises the Buyer in the ordinary course of its business to use the Goods and to sell the Goods for full consideration. Except as otherwise expressly permitted by these Terms, the Buyer must not sell, lease, dispose of, create a security interest in, mortgage or part with possession of the Goods or any interest in the Goods (or purport to attempt to do such a thing) or permit any lien over the Goods. 5.5 The authority referred to in clause 5.4: (a) may be revoked at any time by the Seller notifying the Buyer, in such manner and at such time as the Seller determines in its sole discretion, that the authority is revoked; (b) is, in any event, revoked automatically from the time an Event of Default occurs. 5.6 Where the authority conferred by clause 5.4 is revoked under clause 5.5: (a) the Buyer authorises the Seller to use reasonable force to enter the premises where the Goods are stored and remove them; (b) the Seller shall exercise reasonable care in entering such premises and removing such Goods, but shall not be liable for trespass or any damage caused by the use of reasonable force; (c) the Buyer is released from the obligation to pay the Price for all Goods repossessed by the Seller but only to the extent any proceeds obtained by the Seller reselling the Goods (less all costs incurred) exceeds the Price owing by the Buyer to the Seller for those same Goods; (d) the Seller may resell any repossessed Goods and apply the proceeds of sale in reduction of the Amount Owing as the Seller thinks fit; and (e) the Buyer is liable for all costs associated with the exercise by the Seller of its rights under this clause and costs are payable to the Seller on demand. 5.7 The Seller may bring an action for the Amount Owing in resp...
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RISK AND SECURITY. 4.1 Risk of any loss, damage or deterioration of or to the Goods passes to the Customer on Delivery. 4.2 As security for all the Customer’s obligations under these Terms, the Customer grants to KLL a Security Interest in all the Goods KLL agrees to sell to the Customer under any contract, together with the Proceeds of such Goods, as security for payment of the Amount Owing and such security shall continue until all sums owing by the Customer to KLL in respect of any Goods supplied have been paid in full. 4.3 KLL may allocate all monies received from the Customer in any manner it determines. 4.4 Subject to clause 4.2 and the provisions of this clause 4, legal and equitable ownership of the Goods remains with KLL and does not pass to the Customer until the Customer pays the Amount Owing and any other monies owing by the Customer to KLL from time to time (whether in relation to any contract entered into under these Terms or on any other account whatsoever). 4.5 While legal or equitable ownership of the Goods remains with KLL, KLL retains the right to enter the premises or land where the Goods are held or stored and sever and remove them, as agent for the Customer, without being liable or responsible for any damage caused in doing so. 4.6 The security interest created by these Terms is not discharged nor the Customer’s obligations affected by the administration, insolvency, receivership or liquidation of the Customer.
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RISK AND SECURITY. 6.1 Risk of any loss, damage or deterioration of or to the Goods passes to the Customer on Delivery. 6.2 Ownership of the Goods remains with the Supplier and does not pass to the Customer until the Customer pays in full the Price or an amount owing of the Price in respect of the Goods. 6.3 While ownership of the Goods remains with the Supplier, the Supplier authorises the Customer in the ordinary course of its business to use the Goods and, where applicable, to sell the Goods for full consideration. Except as otherwise expressly permitted by these Conditions, the Customer must not otherwise sell, lease, dispose of, create a security interest in, mortgage or part with possession of the Goods or any interest in the Goods (or purport to attempt to do such a thing) or permit any lien over the Goods. 6.4.1 May be revoked by the Supplier at any time by the Supplier notifying the Customer, in such manner and at such time as the Supplier shall determine in its sole discretion, that the authority is revoked; and 6.4.2 Is, in any event, revoked automatically from the time an Event of Default occurs including without limitation if an administrator is appointed to the Customer. 6.5 Where the authority conferred by clause 6.3 is revoked under clause 6.4: 6.5.1 The Customer authorises the Supplier to use reasonable force to enter the premises where the Goods are stored and remove them; 6.5.2 The Supplier shall exercise reasonable care in entering such premises and removing such Goods, but shall not be liable for trespass or any damage caused by the use of reasonable force; 6.5.3 The Customer is released from the obligation to pay the Price for all Goods repossessed by the Supplier but only to the extent any proceeds obtained by the Supplier reselling the Goods (less all costs incurred) exceeds the Price owing by the Customer to the Supplier for those same Goods; 6.5.4 The Supplier may resell any repossessed Goods and apply the proceeds of sale in reduction of any amount of the Price owing as the Supplier thinks fit; and 6.5.5 The Customer is liable for all costs associated with the exercise by the Supplier of its rights under this clause and costs are payable to the Supplier on demand. 6.6 The Supplier may bring an action for any amount of the Price owing in respect of the Goods even where ownership of the Goods has not passed to the Customer. 6.7 The Customer must insure and keep insured with a reputable insurance company all Goods in its possession or control from the...
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RISK AND SECURITY. 4.1 Risk of any loss, damage or deterioration of or to the Goods passes to the Customer on Delivery. 4.2 As security for all the Customer’s obligations under these Terms, the Customer grants to CARTERS a Security Interest in all the Goods CARTERS agrees to sell to the Customer under any contract, together with the Proceeds of such Goods, as security for payment of the Amount Owing and for the performance from time to time of the Customer’s other obligations to CARTERS under the relevant contract, and such security shall continue until all sums owing by the Customer to CARTERS in respect of any Goods supplied have been paid in full. 4.3 CARTERS may allocate all monies received from the Customer in any manner it determines, including in any manner required to preserve any Purchase Money Security Interest under the PPSA in the Goods. 4.4 The Customer agrees that, to the extent permissible under the PPSA: (a) CARTERS excludes its obligations to the Customer under the PPSA in respect of any contract for the sale of Goods, or the security under such contracts, and (b) the Customer waives any right to receive a copy of a verification statement under the PPSA and all of its other rights that information on their systems and use it to provide credit reporting services; (c) when other users of Credit Reporting Agencies use those agencies’ services, the agency may give the information to those users; (d) CARTERS may use credit reporting services in the future for purposes related to the provision of credit to the Customer. This may include using a Credit Reporting Agency’s monitoring services to receive updates if any of the information about the Customer changes; and (e) if an Event of Default occurs, information about that Event of Default may be given to a Credit Reporting Agency and the Credit Reporting Agency may give information about the Event of Default to other users of the credit reporting services.
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Related to RISK AND SECURITY

  • Data and Security If Contractor is granted access to Court Data, Confidential Information or Court Work Locations in the performance of the Work;

  • Password and Security If you are issued or create any password or other credentials to access the Service or the portion of the Site through which the Service is offered, you agree not to give or make available your password or credentials to any unauthorized individuals, and you agree to be responsible for all actions taken by anyone to whom you have provided such credentials. If you believe that your credentials have been lost or stolen or that someone may attempt to use them to access the Site or Service without your consent, you must inform us at once at the telephone number provided in Section 6 of the General Terms above. See also Section 16 of the General Terms above regarding how the timeliness of your notice impacts your liability for unauthorized transfers.

  • Access and Security Customer shall employ all physical, administrative and technical controls, screening and security procedures and other safeguards necessary to: (a) securely administer the distribution and use of all Access Credentials and protect against any unauthorized access to or use of the Hosted Services; and (b) control the content and use of Customer Data, including the uploading or other provision of Customer Data for Processing by the Hosted Services.

  • Safety and Security Contractor is responsible for maintaining safety in the performance of this Agreement. Contractor shall be responsible to ascertain from the District the rules and regulations pertaining to safety, security, and driving on school grounds, particularly when children are present.

  • Privacy and Security (a) Each of the Company and its Subsidiaries complies (and requires and monitors the compliance of applicable third parties) in all material respects with all applicable Laws relating to privacy or data security, and reputable industry practice, standards, self-governing rules and policies and their own published, posted and internal agreements and policies (which are in conformance with reputable industry practice) (all of the foregoing collectively, “Privacy Laws”) with respect to: (i) personally identifiable information (including name, address, telephone number, electronic mail address, social security number, bank account number or credit card number), sensitive personal information and any special categories of personal information regulated thereunder or covered thereby (“Personal Information”), whether any of same is accessed or used by the Company or any of its Subsidiaries or any of their respective business partners; and (ii) non-personally identifiable information, whether any of same is accessed or used by the Company or any of its Subsidiaries or any of their respective business partners. (b) Neither the Company nor any of its Subsidiaries uses, collects, or receives any Personal Information or sensitive non-personally identifiable information and does not become aware of the identity or location of, or identify or locate, any particular Person as a result of any receipt of such Personal Information, in a manner which would materially breach or violate any Privacy Laws and materially and adversely impact the business of the Company and its Subsidiaries, taken as a whole. (c) To the Company’s knowledge, Persons with which the Company or any of its Subsidiaries have contractual relationships have not breached any agreements or any Privacy Laws pertaining to Personal Information and to non-personally identifiable information. (d) To the Company’s knowledge, the Company and its Subsidiaries take all commercially reasonable steps to protect the operation, confidentiality, integrity and security of their respective business systems and websites and all information and transactions stored or contained therein or transmitted thereby against any unauthorized or improper use, access, transmittal, interruption, modification or corruption, and there have been no material breaches of same. Without limiting the generality of the foregoing, each of the Company and its Subsidiaries (i) uses industry standard encryption technology and (ii) has implemented a comprehensive security plan that (1) identifies internal and external risks to the security of the Company’s or its Subsidiaries’ confidential information and Personal Information and (2) implements, monitors and improves adequate and effective safeguards to control those risks.