Fruits Sample Clauses
The 'Fruits' clause defines the rights and obligations related to the products or yields generated by an asset, such as crops from land or dividends from shares. In practice, this clause specifies who is entitled to receive the benefits or profits produced by the asset during the term of an agreement or ownership period. For example, if a property is leased, the clause may clarify whether the landlord or tenant is entitled to the harvest from fruit trees on the land. Its core function is to prevent disputes by clearly allocating the benefits derived from the asset, ensuring all parties understand their entitlements.
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Fruits. In case the debtor has not honored the matured debt or any situations for realization of the mortgage right agreed in this contract occurred, which has resulted in the legal detention of the collateral by the people’s court, the mortgagee shall have the rights to get the natural fruits and legal fruits of the collateral commencing from the detention of the collateral. However, the mortgagee shall not have the rights to get such fruits in case it has not notified the obligor of the legal fruits according to the law. The fruits regulated in the previous clause shall be first used for the payment of the expense arising from the collection of the fruits.
Fruits. Vegetables (other than lentils, mung beans, and dry peas).
Fruits. (1) Mango and it's products.
(2) Mosambi (sweet lime).
(3) ▇▇▇▇▇▇ (Orange).
(4) Lemon.
(5) Banana.
Fruits. Within the period of pledge, Party A shall be entitled to the fruits arising from the Pledged Equity, including, but not limited to, the bonus, dividends, profit distribution, distributable profits, etc arising from or received with respect to the Pledged Equity.
Fruits. If the debtor does not perform the due debt or other conditions herein which enforce the hypothec occurred, and such results in the sequestration of the collateral by the people’s court, the mortgagee has the right to receive this guaranteed property’s natural fruits or legal fruits from the date of sequestration, however excluded is the condition that the mortgagee does not inform the obligor who shall pay off the legal fruits. The fruits aforesaid shall be first used to pay the expenses arising from receiving the fruits.
Fruits. If the mortgaged property is seized by a People's Court because of the mortgagor’s failure to pay his due debts or occurrence of enforcement of the right to mortgage in other means as stipulated hereof, the mortgagee shall, from the date of seizure, be entitled to collect the natural fruits or legal fruits generated from the mortgaged property, except that the mortgagee fails to notify the person who has the obligation to pay legal fruits. The fruits provided for in the preceding paragraph shall be first used to offset the expenses for collecting the fruits.