Secured Goods definition

Secured Goods means the goods referred to in clauses 8.4. (inclusive);

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Secured Goods means the Goods referred to in clauses 10.5.1 – 10.5.3.

Secured Goods means all Purchased Equipment sold by us to you and, for the avoidance of doubt, includes any proceeds in, or arising from, such Purchased Equipment.

Examples of Secured Goods in a sentence

• The Customer may not pledge the Secured Goods or assign them as security.

• The above-mentioned authorisation to process and/or re-sell the Secured Goods and/or to accept payment of Assigned Claims can be revoked by Temposonics if the Customer is in default of payment.

• If the Secured Goods are processed, mixed or combined with goods of third parties, the retention of title applies to such Products proportional to the invoice value of the Secured Goods.

• It is obligated to secure the Seller’s rights when selling the Secured Goods on credit terms.

• If the right to process and/or re-sell the Secured Goods and/or to accept payment of Assigned Claims is revoked, the Customer shall provide Temposonics with all such information necessary to make use of the Secured Goods, Products and/or Assigned Claims (“Securities”), to provide the relevant documents and to notify the Customer’s debtors of the transfer to Temposonics of the Assigned Claims.

• The Company may retain any Secured Goods towards satisfaction of the Buyer’s obligations without giving the Buyer prior notice of the Company’s intention to do so.

• Customer is not permitted to dispose of the Secured Goods in any other way, in particular by way of pledge or security assignment .

• The Customer hereby assigns to the Seller to the full extent for the purpose of security its payment claims against its customers from a resale of the Secured Goods, as well as those claims of the Customer with respect to the Secured Goods that arise under any other legal basis against its customers or third parties (in particular, tort claims and insurance claims), including all outstanding current-account balances.

• If the Customer resells the Secured Goods together with other goods not owned by ▇▇▇▇▇ ▇▇▇, the assignment of claims resulting from the resale shall be limited to the value of the Secured Goods only.

• The Customer hereby assigns to the Seller to the full extent for the pur- pose of security its payment claims against its customers from a resale of the Secured Goods, as well as those claims of the Customer with re- spect to the Secured Goods that arise under any other legal basis against its customers or third parties (in particular, tort claims and insurance claims), including all outstanding current-ac- count balances.

More Definitions of Secured Goods

Secured Goods means all of the Seller's present and future right and interest in the Goods purchased under the Purchase Order by the Buyer.

Secured Goods means all Goods the Company supplies to the Buyer and over which the Company has a security interest pending, and until the point in time that title passes to the Buyer for the relevant Goods, and includes all proceeds derived directly or indirectly from dealing with the Goods which become accessions before title passes to the Buyer.