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Any goods subject to delivery remain our property until payment in full of all claims arising under the business relationship between EVE GmbH and the buyer in existence at the time of contract conclusion.
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We shall be entitled to repossess the goods in the case of breach of the contract by the buyer, especially in the case of default in payment. Any repossession of goods constitutes our withdrawal from the contract. We are entitled to dispose of the goods after their repossession; the proceeds of sale shall be deducted from the buyer’s liabilities - less reasonable costs of disposition.
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The buyer is obliged to handle purchased goods with care. Without limitation, it is obliged to insure the goods at its own expense against fire, water and theft at replacement cost.
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The buyer is furthermore obliged to separate goods subject to retained title from its other merchandise. If separate storage is not possible, the buyer must mark the goods subject to reserved title as goods subject to reserved title in a suitable, clear and permanent form without damaging the goods concerned by so marking them.
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In the case of seizures or other third-party attachments, the buyer shall immediately notify us in writing so that we can bring an action pursuant to section 771 of the Code of Civil Procedure (Zivilprozessordnung). The buyer shall be responsible for our losses if the third party is unable to reimburse us for the costs, incurred both in and out of court, associated with action pursuant to section 771 of the Code of Civil Procedure.
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The buyer is entitled to resell the purchased goods in the ordinary course of business, however it assigns to us all now in advance all receivables in the amount of our receivables equal to the invoice amount (including VAT) which arise from the resale to its customers or third parties, regardless of whether the goods were resold without or after processing. We hereby accept this assignment. In the event that the assigned receivable due from the buyer of goods subject to retained title is included in a current invoice (current account), the assignment likewise relates to the acknowledged balance and, in the case of insolvency on the part of the buyer, the then-present “causal balance”. The buyer shall retain its authority to collect the debt even following the assignment. This is without prejudice to our right to collect such claims ourselves. However, we undertake not to collect the claim as long as the buyer meets its payment obligations from the proceeds collected, is not in default of payment and, in particular, no petition for the opening of insolvency proceedings has been filed and payments have not been suspended. If this is the case, we can demand the buyer to inform us of the assigned claims and their debtors, provide all information necessary for collection, hand over the relevant documents and informs the debtors (third parties) of the assignment.
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Processing or transformation of goods subject to retained title by the buyer shall be undertaken for us in all cases. If the goods subject to retained title are processed with other objects not belonging to us, we acquire co-ownership of the new object in proportion to the value of the goods subject to retained title (final invoice price plus VAT) to such other processed objects at the time of processing. In all other respect, the same principles applicable to goods subject to retained title apply to objects created as a result of processing.
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If the goods subject to retained title are inseparably mixed with other objects that not belonging to us, we acquire co-ownership of the new object in proportion to the value of the goods subject to retained title (final invoice price plus VAT) to such other mixed objects at the time of mixing. If the mixing is done in a way that the buyer’s object can be regarded as the primary object, it is agreed that the buyer assigns proportional co-ownership to us. The buyer shall safeguard the resulting solely owned or co-owned object for us.
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We agree to release our security interest in the goods at the buyer's request once the realisable value of our collateral exceeds the value of the secured receivables by more than 10%; the selection of the collateral to be released is at our discretion.