Common use of Stock Identification, Ownership and Payment Clause in Contracts

Stock Identification, Ownership and Payment. ‌ 4.1 You warrant that you own the Stock and that you have paid for the Stock in full. If the Stock is subject to any security interest, retention of title or other encumbrance You must procure a release of that security interest, retention of title or other encumbrance prior to any funding being made available by us. 4.2 You shall arrange for a funding request setting out the amount to be funded and details of all Stock in respect of which the funding request is sought is to be sent to us for payment. You grant us a security interest over all Stock itemised in the funding request.

Stock Identification, Ownership and Payment. ‌ 4.1 You warrant that you own the Stock and that you have paid for the Stock in full. If the Stock is subject to any security interest, retention of title or other encumbrance You must procure a release of that security interest, retention of title or other encumbrance prior to any funding being made available by us. 4.2 You shall arrange for a funding request setting out the amount to be funded and details of all Stock in respect of which the funding request is sought is to be sent to us for payment. You grant us a security interest over all Stock itemised in the funding request.