Existing Goods definition

Existing Goods. It means such goods which are in existence at the time of the contract of sale i.e. owned or possessed by the seller.
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Examples of Existing Goods in a sentence

  • Different categories of goods can significantly impact the nature of the contract: Existing Goods These goods physically exist when the seller and buyer sign the contract.

  • Accordingly, in connection with the programs under the Program Agreement, Mfg/Dist hereby gives its approval of any refinancing of Dealers with respect to Existing Goods financed or refinanced by Deutsche Financial Services Corp., or its affilate(s), immediately prior to such refinancing by TFC and such Existing Goods shall be covered by Mfg/Dist’s repurchase obligations under this Agreement.

  • To the extent that any Existing Goods are also Demo Goods, the representations of Mfg/Dist under Subparagraph (b) above shall be appropriately qualified and Mfg/Dist shall be deemed to have further represented to TFC that said Demo Goods are being used by the applicable Dealer in accordance with Mfg/Dist’s published program for demos.