Transfer of Ownership Rights. Ownership rights for the goods are transferred to the Buyer upon full payment of the purchase price. An accepted xxxx of exchange is not considered payment. However, the Buyer reserves the right to sell, within the normal parameters of business, goods that have not yet been paid for. In such cases, ownership rights are transferred to the Buyer upon receipt of the goods. The Seller reserves the right to invoke the ownership retention provision in order to reclaim its sold property. The Seller may also deny the retail sale or installation of goods if the Buyer has any outstanding invoices from the Seller, or if insolvency proceedings have been started against the Buyer or the Buyer in some other way has demonstrated that its ability to make payments or its financial status has been compromised to the extent that the Buyer may not be able to make payments to the Seller. In such a case, the Buyer is obligated to surrender the goods in question to the Seller at the Seller’s request. If the Buyer is unable to pay off outstanding invoices in cash, payment can be made in goods that have been transferred to the Buyer’s ownership, provided that the Seller approves of this on a case-by-case basis.
Transfer of Ownership Rights. The title to the subject of purchase is acquired by the Buyer on the day of acceptance thereof. At the same time, the risk of damage is transferred to the Buyer as well.
Transfer of Ownership Rights. The ownership rights to the individual Work Parts shall pass to the Client upon the completion of each respective Deliverable.
Transfer of Ownership Rights. Upon the resignation or dismissal of the General Partner and the appointment of a new General Partner, the resigning or dismissed General Partner shall promptly transfer to the new General Partner, at the Partnership’s expense, the ownership rights in and to the assets of the Partnership, and it shall sign and deliver all deeds, certificates, declarations and other documents that are necessary or desirable to effect such a transfer.
Transfer of Ownership Rights. 17.1 Ownership rights over installations, their parts, equipment and materials which the Provider shall install or otherwise integrate into the Public lighting system which is the subject of the Energy savings performance contract during the course of the performance of Energy efficiency improvement measures, shall be transferred to the Contracting authority after the Contracting authority pays the Provider the total amount of the Compensation to which the Provider is entitled to.
Transfer of Ownership Rights. Risk of loss or damage to the Technology shall pass to the Client upon Delivery as defined in Article IX. Title transfers to Client upon the Delivery to Client, except that title to all intellectual property rights associated with the Work remains with Contractor or its suppliers and licensors. XI.
Transfer of Ownership Rights. 8.1. The ownership right to the work shall be transferred from the Contractor to the Client by the handover of the Protocol of work.
Transfer of Ownership Rights. Because the Securities payable in kind shall be issued in the name of the Determined Person on the date of the First Round with Payment in Kind, time at which the relevant property or part thereof will not have been transferred to the Trust, there is a risk that the Determined Person fails to transfer the property or part thereof to the Trust, despite being registered with DECEVAL as owner of the Securities. In this case, the Trust would be harmed, as it would have paid for a property that it does not own and, accordingly, cannot economically exploit. Investors would be also affected because the distributable resources’ amount would be lower to the amount deliverable if the Trust were economically exploiting the property already paid for. To minimize the likelihood of this risk, the process described in Clause 20.14 of this Trust Agreement provides that the Securities must be pledged to guarantee that the transaction will be complied with. Also, the promises of Purchase-and-Sale that the Trust executes include penalty clauses that would be enforceable if the Determined Person fails to transfer the property.
Transfer of Ownership Rights. 6.1 The Goods will become the property of the Buyer when the Price and any potential interests are paid in full by Buyer.
Transfer of Ownership Rights. 7.1 Unless otherwise agreed, the Contractor shall label the Goods with GMC's name and store the Goods, as well as materials and equipment belonging to GMC and located in the place of production, separately from items belonging to the Contractor or third parties.
