Common use of Ownership of the Goods Clause in Contracts

Ownership of the Goods. cannot pass to you under Clause 4 until the aggregate of the outstanding Balance of Hire Price plus all other amounts payable by you upon a prepayment as referred to in Clause 10.1 and 10.2 are paid, and payment by you of any lesser amount will not be treated as a prepayment, will not reduce the Outstanding Balance and will not reduce the original term of this Agreement but will be held to your account as a payment to be applied against rental payments subsequently becoming due.