VLC5501 Vapormatic Immobiliser Installation Manual
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(1) shall insure the delivered goods against any loss or damage with an insurance office of repute;
(2) shall store the delivered goods separately or in some other way ensure that they are readily
identifiable as the property of the Company;
(3) shall deliver the goods to the Company forthwith on demand and if the Buyer fails to do so the
representatives of the Company shall be entitled to enter upon the Buyer's premises where the
delivered goods are or are thought by the Company to be stored for the purpose of repossessing them
(including without limitation removing or detaching them from the New Goods as defined in Clause
4(v)(d) and subsequently reselling them;
(4) shall keep and retain the delivered goods free from any charge lien or other encumbrance thereon.
(b) Upon any resale of any of the goods by the Company pursuant to Clause 4(v)(a)(3) if the proceeds
of sale exceed the amount of all sums due to the Company from the Buyer the Company shall pay the
excess to the Buyer having deducted the cost and expense of the repossession and re-sale of the
goods and any damages which the Company has suffered as a result of any breach of the contract by
the Buyer;
(c) Until the Company has received full payment of all the sums due to the Company from the Buyer
provided always that the Buyer continues to trade and is not insolvent nor enters into liquidation
whether compulsorily or voluntarily nor becomes subject to an administration order nor has a receiver
appointed over all or any part of its assets nor compounds with nor convenes a meeting of its
creditors nor takes or suffers any similar action in consequence of a debt the Buyer shall be entitled to
offer for sale and sell the goods in the ordinary course of business as principal for its own account and
not as agent for the Company. Where any of the goods is sold to a third party before title to it has
passed to the Buyer, that sale will constitute a sale by the Buyer of the Company's property.
(d) If the Buyer incorporates the goods within other equipment or products ("the New Goods")
provided that the goods remain a readily identifiable and removable part of the New Goods the
provisions of Clauses 4(v)(a) and 4(v)(b) shall apply.
(e) The provisions of this Clause 4(v) shall survive the termination of the contract for whatever reason
and in particular but without limitation termination of the contract by the Company by the acceptance
of any repudiation of the contract by the Buyer.
5. Delay and Force Majeure
