RESERVATION OF TITLE
1. In all cases we reserve title to the delivery item until such time as all payments arising from the underlying supply contract are received.
2. We further reserve title to the delivered items until such time as all claims arising from the business relationship, including future claims, are met. The party hereto shall be bound in all cases to preserve the delivery items free of charge with the due care of a diligent businessman.
3. The reserved goods may not under any circumstances be pledged or assigned by way of security. We must be informed immediately in the event of attachments, confiscation or other dispositions by third parties and must be given the documents required for defence.
4. The party hereto shall further be entitled to process and to sell on the delivery item within the ordinary course of business provided that he is not in default. He hereby assigns to us upon formation of the contract of sale, to the amount of the invoice value of the reserved goods delivered, the claims accruing to him against his customers from the sale or on any other legal grounds.
5. If the value of the furnished securities exceeds our claims by more than 20%, we shall be bound, at the request of the party hereto, to return securities chosen at our free discretion up to the amount by which the limit is exceeded.
6. Neither the redemption nor any attachment by us shall be considered withdrawal from the contract. The party hereto shall be bound to effect surrender. The right of retention is excluded.
7. Sums which the party hereto collects on assigned claims shall be managed separately until transferred to us in order to exclude netting and/or set-off against bank accounts held on the debits side.