Common use of Title & Risk Clause in Contracts

Title & Risk. 6.1 The title to and property in the Equipment sold hereunder and any substitutions or additions thereto and the right to possession thereof, whether attached to realty or otherwise, shall pass from the Seller to the Purchaser when the full purchase price of the Equipment has been paid. Upon failure to make any payment as herein provided, the whole purchase price and any note or security given on account therefore shall forthwith become due and payable and the Seller may immediately enter the premises where the Equipment is located and take possession of and remove the same as its personal property, and may retain any or all partial payments already received as a rental charge for the use of the Equipment without affecting any further or other claims which the Seller may have against the Purchaser. 6.2 Equipment sold hereunder shall be at the Purchaser's risk on delivery to it as specified in Article 2 above and the loss or destruction of all or part of said Equipment shall not release the Purchaser from any obligations of payment hereunder.

Title & Risk. 6.1 The title to and property in the Equipment sold hereunder and any substitutions or additions thereto and the right to possession thereof, whether attached to realty or otherwise, shall pass from the Seller to the Purchaser when the full purchase price of the Equipment has been paid. Upon failure to make any payment as herein provided, the whole purchase price and any note or security given on account therefore shall forthwith forth with become due and payable and the Seller may immediately enter the premises where the Equipment is located and take possession of and remove the same as its personal property, and may retain any or all partial payments already received as a rental charge for the use of the Equipment without affecting any further or other claims which the Seller may have against the Purchaser. 6.2 Equipment sold hereunder shall be at the Purchaser's risk on delivery to it as specified in Article 2 above and the loss or destruction of all or part of said Equipment shall not release the Purchaser from any obligations of payment hereunder.