Perfection of title to security Sample Clauses

Perfection of title to security. The Borrower will from time to time on the request of Bank do all such acts and/or execute all such additional documents as Bank may consider necessary for perfecting the title of Bank to any security which may be created in favour of Bank and/or for securing the Bank the full benefit of all rights, powers and remedies conferred on Bank herein.
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Related to Perfection of title to security

  • Reservation of Title For any current or future sale of goods to a pur- chaser located outside of Germany the following retention of title has been agreed: BHJ reserves title to the goods until the entire pur- chase price and any costs relating to the delivery, dispatch and insurance of the goods have been paid by the purchaser or security for the purchase price has been provided as agreed. Until this has happened, the purchaser shall not be entitled to resell the goods or otherwise dispose of the goods in any way violating BHJ's reservation of title. For any current or future sale of goods to a pur- chaser located in Germany the following retention of title has been agreed: The goods (“reserved goods”) delivered by BHJ to the purchaser remain the property of BHJ until full payment of all secured claims. The purchaser stores the reserved goods free of charge for BHJ. The purchaser is entitled to pro- cess and sell the goods subject to retention of title in the ordinary course of business until the event of realization. Pledging and transfer of ownership by way of security are not permitted. If the reserved goods are processed by the pur- chaser, it is agreed that the processing is carried out in the name and for the account of BHJ as manufacturer and therefore acquires direct own- ership or - if the processing is carried out using materials from several owners or the value of the processed item is higher than the value of the re- served goods - co-ownership (fractional owner- ship) of the newly created item in the ratio of the value of the reserved goods to the value of the newly created item. In the event that no such ac- quisition of ownership should occur at BHJ, the purchaser hereby transfers his future ownership or - in the above ratio - co-ownership of the newly created item to BHJ as security. If the reserved goods are combined or inseparably mixed with other items to form a uniform item and if one of the other items is to be regarded as the main item, BHJ, insofar as the main item belongs to BHJ, transfers to the purchaser proportionate co-own- ership of the uniform item in the above specified ratio. In the event of resale of the reserved goods, the purchaser hereby assigns by way of security the resulting claim against the purchaser - in the case of co-ownership of BHJ of the reserved goods, proportionally in accordance with the co-owner- ship share - to BHJ. The same applies to other claims that take the place of the reserved goods or otherwise arise with regard to the reserved goods, such as insurance claims or claims in tort in the event of loss or destruction. BHJ revocable au- thorizes the purchaser to collect the claims as- signed to BHJ in his own name. BHJ may only re- voke this direct debit authorization in the event of realization. If third parties seize the reserved goods, in particular by seizure, the purchaser will immediately inform them of the ownership of BHJ and inform BHJ of this in order to enable BHJ to enforce its ownership rights. If the third party is not in a position to reimburse BHJ for the court or out-of-court costs incurred in this connection, the purchaser is liable for these costs to BHJ. BHJ will release the reserved goods and the items or claims taking their place if their value exceeds the amount of the secured claims by more than 50%. BHJ has the right to select the items to be released thereafter. If BHJ withdraws from the contract in case of breach of contract by the purchaser - in particular default of payment – BHJ is entitled to demand return of the reserved goods.

  • Retention of Title Supplied Goods shall remain Seller’s property until fulfillment by Customer of its payment obligations as described above. As such:

  • Evidence of Title Evidence that title to a REO is held by the Trustee shall be submitted by the Servicer to the Master Servicer and, if applicable, to the Primary Mortgage Insurer and/or the Pool Insurer, within ten Business Days after marketable title to such REO has been acquired.

  • Conveyance of Title Upon closing, Seller shall execute and deliver to Buyer a Patent, Grant Deed, or Quit Claim Deed conveying title to the Cabin/Home Site. Buyer shall also receive a Xxxx of Sale executed by the current owner of the Personal Property in form of Exhibit B, attached hereto. If Buyer and the owner of the Personal Property are identical, then the Xxxx of Sale shall be returned to said party.

  • Warranty of Title Seller warrants that at the time of signing this Agreement, Seller neither knows, nor has reason to know, of the existence of any outstanding title or claim of title hostile to the rights of Seller in the goods.

  • Passage of Title 9.7.1 The ownership and title to the Goods and any part thereof shall fully pass to ISR free and clear of all security interests, liens, attachment, encumbrances and any other rights or claims of any kind of any third party, upon the date of issuance by ISR of the Final Acceptance Certificate for each of the Goods at ISR Site. The passing of title to ISR and the vesting of ownership rights shall be without prejudice to any right that may accrue to ISR under this Agreement.

  • PARTICULARS OF TITLE The strata title for the property has been issued by the relevant authority. STRATA TITLE NO. /LOT NO. : Geran 78862/M1A/24/275, Lot 20003 Seksyen 44, Accessory Parcel No. A973 Bandar of Kuala Lumpur, District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur DEVELOPER‟S PARCEL NO. : D-23-8, Storey No. 23 (Type C1M), Building No. D, together with Accessory Parcel No. 516, Level No. 3A, Platinum Suites FLOOR AREA : 86 square metres (about 926 square feet) TENURE : Freehold VENDOR (DEVELOPER) : Platinum Victory Property Sdn. Bhd. (668178-V) ENCUMBRANCE : Assigned to United Overseas Bank (Malaysia) Bhd CATEGORY OF LAND USE : Bangunan EXPRESS CONDITION : SOHO RESTRICTION IN INTEREST : Tiada ENDORSEMENT : Private caveat lodged by United Overseas Bank (Malaysia) Bhd, vide presentation No. PDB19553/2023 and registered on 01/12/2023. LOCATION AND DESCRIPTION OF THE PROPERTY: The subject property is a small office home office (SOHO) with a car parking bay bearing postal address of X-00-0, Xxxxx Xxxxxxxx, Xx. 0000, Xxxxx Xxxxxx Xxxxxx, 00000 Xxxxx Xxxxxx. RESERVE PRICE: The subject property will be sold on an “as is where is basis” and subject to a reserve price of RM810,000.00 (RINGGIT MALAYSIA EIGHT HUNDRED TEN THOUSAND ONLY) and subject to the Conditions of Sale and by way of an Assignment from the above Assignee/Bank subject to the consent being obtained by the Purchaser from the Developer and other relevant authorities if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the Developer and the relevant authorities. Any arrears of quit rent, assessments and service or maintenance charges which may be lawfully due to any relevant authority or the Developer up to the date of auction sale of the property shall be paid out of the purchase money upon receipt of full purchase price. All other fees, costs and charges relating to the transfer and assignment of the property shall be borne by the successful Purchaser. Online bidders are further subject to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx. All intending bidders are required to deposit 10% of the fixed reserve price for the said property by Bank Draft or Cashier‟s Order in favour of UOBM for XXXXXX XXX XXXX XXX & XXXXX XXX or remit the same through online banking transfer, one (1) working day before auction date. The balance of the purchase money shall be paid by the Purchaser within one hundred and twenty (120) days from the date of auction sale to UNITED OVERSEAS BANK (MALAYSIA) BHD via Real Time Electronics Transfer of Funds and Securities (XXXXXX). For online bidders please refer to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx on the manner of payment of the deposit. FOR FURTHER PARTICULARS, please contact M/S Xxx Xxxxxxx & Partners, of 27th Floor, Menara KH, Xxxxx Xxxxxx Xxxxxx, 00000 Xxxxx Xxxxxx. (Ref No.: KW/298-095/2023/UOB/ST&AT, Tel No.: 00-00000000, Fax No.: 00-00000000) the Assignee herein or the undermentioned Auctioneer. EHSAN AUCTIONEERS SDN. BHD. (Co. No. 617309-U) DATO‟ HAJI XXXXX XXXXX BIN X.X. XXXX (D.I.M.P) Suite C-20-3A, Level 20, Block C, Megan Avenue II, / XXXXX XXXXX BIN XXXXXX 00, Xxxxx Xxx Xxxx Xxxx, 50450 Kuala Lumpur (Licensed Auctioneers) Tel No.: 00-0000 0000 Fax No.: 00-0000 0000 Our Ref: ALIN/UOB0734/NHP(3) Website: xxx.xxxxxxxxxxxxxxxx.xxx E-mail: xxxx@xxxxxxxxxxxxxxxx.xxx HP NO.: 000 0000 000 (CALL, WHATSAPP & SMS) PERISYTIHARAN JUALAN DALAM PERKARA MENGENAI PERJANJIAN PINJAMAN BESERTA PENYERAHAN XXX XXX SURAT KUASA WAKIL KEDUA-DUANYA BERTARIKH 09HB SEPTEMBER, 2014 ANTARA UNITED OVERSEAS BANK (MALAYSIA) BHD [NO. PENDAFTARAN: 199301017069/271809-K] PIHAK PEMEGANG SERAHHAK/BANK XXX XXXXXX XXX XXXX XXX (PASPORT REPUBLIK SINGAPURA NO.: S2603852I) XXXXX XXX (PASPORT REPUBLIK SINGAPURA NO.: E2807913A) PIHAK PENYERAHHAK/PIHAK PEMINJAM Dalam menjalankan xxx xxx kuasa xxxx telah diberikan kepada Pihak Pemegang Serahhak/Bank dibawah Perjanjian Pinjaman Beserta Penyerahan Xxx xxx Surat Kuasa Wakil kedua-duanya bertarikh 09hb September, 2014 diantara Pihak Penyerahhak, Pihak Pelanggan xxx Pihak Pemegang Serahhak/Bank yang diperbuat dalam perkara diatas, adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak/Bank tersebut dengan bantuan Pelelong yang tersebut dibawah. AKAN MENJUAL HARTANAH YANG DIHURAIKAN DI BAWAH SECARA LELONGAN AWAM SECARA ATAS TALIAN PADA 14HB FEBRUARI, 2024 BERSAMAAN XXXX XXXX, JAM 3.00 PETANG, XX XXXXX WEB XXX.XXXXXXXXXXXXXXXX.XXX Bakal pembida boleh mengemukakan bida untuk hartanah dalam talian melalui xxx.xxxxxxxxxxxxxxxx.xxx (Untuk pembidaan dalam talian, xxxx daftar sekurang-kurangnya satu (1) hari bekerja sebelum hari lelong untuk tujuan pendaftaran & pengesahan) NOTA: Xxxxx-xxxxx pembeli adalah dinasihatkan agar membuat perkara-perkara yang berikut sebelum jualan lelong:-

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