Common use of Title of Property Clause in Contracts

Title of Property. Until End-User makes payment in full to Kinova of all amounts (in capital and interest) due under the Agreement, and to secure the payment of all amounts due under the Agreement and the observance and performance of all the terms, provisions, agreements and covenants of the Agreement, Kinova: (i) reserves ownership of the Product, and (ii) reserves the right to exercise any security and right it may have on the Products as owner, secured creditor, unpaid seller or otherwise, including the right to take back the Product in accordance with the terms of the Civil Code of Québec or any other law, with respect to any unpaid portion of the amounts due hereunder. The End-User agrees to comply with all formalities and sign any document required by Kinova to give effect to this reserve of ownership and to ensure it is properly set up against third persons. The End-User approves and authorizes any publications and filings required to give effect thereto and authorizes Kinova to sign, deposit and file any such document, on the End-User’s behalf and without the End-User’s signature, to the extent permitted by law.