Reservation of Ownership. 10.1 Seller shall reserve the ownership in the object sold until Buyer has met all financial obligations. Seller is entitled to document Seller's ownership on the outside of the delivery item. Buyer shall comply with the required formal regulations to safeguard the reservation of ownership. In case of an attachment or any other recourse, Buyer shall be obliged to claim Seller's ownership and to inform the latter without delay.
Reservation of Ownership. The supplied goods shall remain our property until the payment in full of the purchase price, including all surcharges (interests, expenses, etc.). The reservation of ownership shall also apply to all debts payable to the Supplier by the Customer in connection with other supplies. The Customer shall only be entitled to re-sell the goods subject to our ownership right within the course of due business and provided that the reservation of our ownership is respected by the Customer’s consumers. Other handling of the goods subject to the reservation of ownership, especially as regards the use thereof for the security of creditors’ claims or pledging thereof, is hereby excluded, and the Customer shall in such a case be obliged to indemnify the Supplier for any damages incurred in connection herewith. The Customer shall assign to us any claims from the re-selling of the goods subject to our reservation of ownership, and undertakes to notify us, upon our request, about the names of debtors and amounts owed, and notify the debtors concerned about the assignment of their respective claims. Should the Customer fail to meet its payment liabilities or other liabilities arising from the reservation of the Supplier’s ownership or should the Customer fail to comply with these commitments in a timely manner, suspend payments or enter into bankruptcy proceedings against the Customer’s assets, all amounts due by the Customer to the Supplier shall immediately fall payable, even though bills of exchange may have a later maturity deadline. Unless the overall remaining amount due is immediately settled, the Supplier shall be entitled to claim immediate release of the Supplier’s goods, with the exclusion of any retention right. All expenses incurred in connection with the repossession of the goods shall be settled by the Customer. Irrespective of the Customer’s payment obligation, the Supplier shall be entitled to monetize the repossessed goods in a manner most convenient for the Customer. The yields from the sale will be charged in favour of the Customer, after the deduction of all expenses associated with the sale, against the Customer’s total debt; the remainder, if any, will subsequently be released to the Customer. If the goods are seized by a third party, the Customer shall be obliged to inform the distraint officer about the reservation of ownership, and notify us about the seizure of the goods via registered mail. Any expenses on the intervention shall be settled by the ...
Reservation of Ownership. 1. Until all our present and future outstanding accounts have been paid in full we reserve ownership of the goods.
Reservation of Ownership. Any product delivered will remain our property until the purchase price has fully been paid and until any claims resulting from the business relation have fully been met. You are not allowed to dispose of the products under reservation of ownership (for example by sale, pledging, transfer by way of security, donation, transfer for use) until the claims have fully been paid. The products will always be dispatched in the product suitable shipping method. Larger shipments will be delivered by forwarding agencies commissioned by the distribution partner – cf. annex 1 (list of forwarding charges).
Reservation of Ownership. The merchandise supplied remains the property of the seller until paid for. The buyer may, however, sell or further process the goods in the course of normal business. The buyer is forbidden to pledge the merchandise or give it as security to the benefit of third parties without the consent of the seller. The buyer must notify the seller immediately of any distraint on the goods by a third party.
Reservation of Ownership. 1. All goods delivered by the Agent remain the sole property (Section 449 German Civil Code) of the Agent until all receivables have been settled in full.
Reservation of Ownership. (1) In the case of contracts with consumers, the MBE center retains the ownership of sold and, if applicable, delivered goods until the purchase price has been paid in full.
Reservation of Ownership. (1) The delivered goods remain our property until all current and future demands from the business relationship including all incidental claims regardless of their legal basis are honoured. This also applies in the case of presenting cheques and bills of exchange. The suspension of individual demands in an ongoing invoice and the application for a credit balance and its approval does not affect the reserved ownership.
Reservation of Ownership. We retain ownership of the goods delivered until complete payment and all other conditions of sale have been met.
Reservation of Ownership a) All goods delivered will remain our property (conditional goods) until all claims resulting from the business relationship in question have been settled, including especially any claims outstanding from previous transactions. The above also applies to payments made to settle specifically designated claims. In the event of Customer's payments being delayed, we may demand the return of any goods delivered at Customer's expense. The above shall not apply, however, in the event of insolvency proceedings having been filed or opened against Customer, in which instance we would not be entitled to the immediate return of our goods.