Common use of Trust Receipts Clause in Contracts

Trust Receipts. The Goods and the Documents shall only be released to the relevant Facility Company by Burdale against receipt by Burdale of a duly executed trust receipt from the relevant Facility Company in Burdale's standard form (from time to time) and if, for any reason, no such trust receipt is executed by the relevant Facility Company in respect of any Goods or Documents, such Goods or Documents shall be deemed to be subject to a trust receipt in such form.

Appears in 2 contracts

Sources: Facility Agreement (Atchison Casting Corp), Facility Agreement (Haynes International Inc)

Trust Receipts. The Goods and the Documents shall only be released to the relevant Facility Company by Burdale against receipt by Burdale of a duly executed trust receipt from the relevant Facility Company in Burdale's ’s standard form (from time to time) and if, for any reason, no such trust receipt is executed by the relevant Facility Company in respect of any Goods or Documents, such Goods or Documents shall be deemed to be subject to a trust receipt in such form.

Appears in 1 contract

Sources: Facility Agreement (Haynes International Inc)