Common use of REPOSSESSION OF ASSET Clause in Contracts

REPOSSESSION OF ASSET. To take possession of the Hypothecated Assets from wheresoever it may be and remove the Hypothecated Asset including all accessories, bodywork and fittings and for the said purpose, it shall be lawful for CFIL or CFIL authorized representatives, servants, officers and agents forth with or at any time to enter upon the premises, or garage or godown where the Hypothecated Assets shall be lying or kept and to take possession or recover or receive the same and if necessary to break open such place of storage; CFIL will be within its rights to use a tow-van to carry away the Hypothecated Assets. Any damage to the land or building caused by removal of the Hypothecated Asset shall be the sole responsibility of the Borrower.

REPOSSESSION OF ASSET. To take possession of the Hypothecated Assets from wheresoever it may be and remove the Hypothecated Asset including all accessories, bodywork and fittings and for the said purpose, it shall be lawful for CFIL the Bank or CFIL the Bank authorized representatives, servants, officers and agents forth with forthwith or at any time to enter upon the premises, or garage or godown where the Hypothecated Assets shall be lying or kept and to take possession or recover or receive the same and if necessary to break open such place of storage; CFIL the Bank will be within its rights to use a tow-van to carry away the Hypothecated Assets. Any damage to the land or building caused by removal of the Hypothecated Asset shall be the sole responsibility of the Borrower.

REPOSSESSION OF ASSET. To take possession of the Hypothecated Assets from wheresoever it may be and remove the Hypothecated Asset including all accessories, bodywork and fittings and for the said purpose, it shall be lawful for CFIL or CFIL authorized representatives, servants, officers and agents forth with forthwith or at any time to enter upon the premises, or garage or godown where the Hypothecated Assets shall be lying or kept and to take possession or recover or receive the same and if necessary to break open such place of storage; CFIL will be within its rights to use a tow-van to carry away the Hypothecated Assets. Any damage to the land or building caused by removal of or the Hypothecated Asset shall be the sole responsibility of the BorrowerBorrower(s).

REPOSSESSION OF ASSET. To take possession of the Hypothecated Assets from wheresoever it may be and remove the Hypothecated Asset including all accessories, bodywork and fittings and for the said purpose, it shall be lawful for CFIL the Bank or CFIL the Bank authorized representatives, servants, officers and agents forth with forthwith or at any time to enter upon the premises, or garage or godown where the Hypothecated Assets shall be lying or kept and to take possession or recover or receive the same and if necessary to break open such place of storage; CFIL the Bank will be within its rights to use a tow-van to carry away the Hypothecated Assets. Any damage to the land or building caused by removal of or the Hypothecated Asset shall be the sole responsibility of the BorrowerBorrower(s).