Retained Goods definition
Examples of Retained Goods in a sentence
For the duration of the retention of title the Purchaser may not pledge the Retained Goods or use them as security.
For the duration of the retention of title, the Purchaser may not pledge the Retained Goods or use them as security, and resale shall be possible only for resellers in the ordinary course of their business and only on condition that the reseller receives payment from its customer or makes the transfer of property to the customer dependent upon the customer fulfilling its obligation to effect payment.
Items pertaining to the Supplies ('Retained Goods') shall remain the property of the Supplier until full payment of the price has been effected.
All Retained Goods (and the proceeds thereof) shall be (A) held by you in trust for us as our property; and (B) subject to a security interest in our favor as security for the Obligations; and (C) disposed of only in accordance with our express written instructions.
The customer is not permitted to pledge or assign Retained Goods as security.
The Customer shall be obliged to return the Retained Goods and render all necessary assistance including allowing the entry of the employees and/or agents of SMSB into any and all premises where the Retained Goods are kept so as to facilitate the retaking of possession by SMSB of the Retained Goods.
Items pertaining to the Supplies ("Retained Goods") shall remain the property of the Supplier until each and every claim the Supplier has against the Purchaser on account of the business connection has been fulfilled.
If Retained Goods are combined with items that do not belong to the customer, or if the special rights are lost, the Company acquires co-ownership of the new item proportionate to the value of Retained Goods to the other combined items at the time of combination.
The Retained Goods must not be pledged or assigned by way of security.
Any processing or conversion of the Retained Goods by the buyer will always be undertaken for Renold, as manufacturer, without this obliging Renold in any manner.