Transfer of Ownership Rights. Ownership rights for the goods are transferred to the Buyer upon full payment of the purchase price. An accepted xxxx of exchange is not considered payment. However, the Buyer reserves the right to sell, within the normal parameters of business, goods that have not yet been paid for. In such cases, ownership rights are transferred to the Buyer upon receipt of the goods. The Seller reserves the right to invoke the ownership retention provision in order to reclaim its sold property. The Seller may also deny the retail sale or installation of goods if the Buyer has any outstanding invoices from the Seller, or if insolvency proceedings have been started against the Buyer or the Buyer in some other way has demonstrated that its ability to make payments or its financial status has been compromised to the extent that the Buyer may not be able to make payments to the Seller. In such a case, the Buyer is obligated to surrender the goods in question to the Seller at the Seller’s request. If the Buyer is unable to pay off outstanding invoices in cash, payment can be made in goods that have been transferred to the Buyer’s ownership, provided that the Seller approves of this on a case-by-case basis.
Transfer of Ownership Rights. The title to the subject of purchase is acquired by the Buyer on the day of acceptance thereof. At the same time, the risk of damage is transferred to the Buyer as well.
Transfer of Ownership Rights. The ownership rights to the individual Work Parts shall pass to the Client upon the completion of each respective Deliverable.
Transfer of Ownership Rights. Upon the resignation or dismissal of the Managing General Partner and the appointment of a new Managing General Partner, the resigning or dismissed Managing General Partner shall promptly transfer to the new Managing General Partner, at the Partnership’s expense, the ownership rights in and to the assets of the Partnership, and it shall sign and deliver all deeds, certificates, declarations and other documents that are necessary or desirable to effect such a transfer.
Transfer of Ownership Rights. 10.1. The ownership rights to the System shall, to the extent consistent with the Laws of the Country, pass to the Client upon handover of the System, i.e. on the date stated in the Final Acceptance Certificate.
Transfer of Ownership Rights a. The Author may, at any time during the term of this agreement, transfer the ownership of their Work to the Publisher on payment of a fixed fee agreed in writing or by e-mail by both parties.
Transfer of Ownership Rights. 7.1 Unless otherwise agreed, the Contractor shall label the Goods with GMC's name and store the Goods, as well as materials and equipment belonging to GMC and located in the place of production, separately from items belonging to the Contractor or third parties.
Transfer of Ownership Rights. 17.1 Ownership rights over installations, their parts, equipment and materials which the Provider shall install or otherwise integrate into the Public lighting system which is the subject of the Energy savings performance contract during the course of the performance of Energy efficiency improvement measures, shall be transferred to the Contracting authority after the Contracting authority pays the Provider the total amount of the Compensation to which the Provider is entitled to.
Transfer of Ownership Rights. No transfer of a beneficial interest in the Trust or a Trust Certificate shall be made to any Person unless (i) such Person delivers to the Owner Trustee an accession agreement substantially in the form of Exhibit B hereof, (ii) such Person has a net worth as shown by its most recent audited financial statements of not less than the product of $10,000,000 and such Person's Ownership Percentage after the proposed transfer and (iii) the Owner Trustee shall have received a written opinion of counsel in form and substance satisfactory to the Owner Trustee stating that such transfer is exempt from the 1933 Act and any applicable state securities law. Further, no transfer of a beneficial interest in the Trust or Trust Certificate or any rights or benefits with respect thereto (including the right to receive distributions) shall be permitted unless Owner Trustee shall have received an opinion of counsel, to the effect that such transfer will not cause the Issuer to be treated for U.S. federal income tax purposes as an association (or publicly-traded partnership) taxable as a corporation, and will not adversely affect the federal income tax treatment of the Noteholders (other than the holder of the Residual Notes) in any material respect.
Transfer of Ownership Rights. 6.1 The Goods will become the property of the Buyer when the Price and any potential interests are paid in full by Buyer.
