HomeMy WebLinkAbout0856 S;c~~3~~'t , , : . . : .f ~~i :
CONDIT ON3 O~~ SAx:E_ ~
As to each ~nd e~'er~- obligation of the Buyer herein time is of the essence. Title ~o equipment purchased
under this Agreeltient shall~remain in Seller nntil all amounta due hereunder shall have been paid in full~•if Buy-
er clefaults in the pa3•ment of any sum due hereunder or im the performance of any of the terms and cond~tions
hexeof, or if a petition in bankrvp tcy,. insQlveaey, di~sol,y#io~ qr,;r~iv.~rs4ip Ls _filed by or.~g pinet.Buy ;e~ or if
Bu~~er makes ~n assignmen~ for the benefit of credit,oi's~ or ~ecpmes i~o~~~ pr ceases to do~b~siqess as a goin~
concern, or if Seller deems itself insecure, 3ell~r, without no~t~c~'to ~Buyer, ~tfi~r `declar~ t~te ~ovNol~ ~nount ttnpai
e~w~s~ u
hereunder to be immediately due and payable and may collect tbe s~tg bY suit or ath ; or, withou~~otice ~
or demand~ by proceas of law or otherwiae, retake posseeaion of l21e equipment and aell" the asme at~ `~u or i
private sale, without notice to Buyer. at which sale Sell~r may bid, and apply the proceeda of such sale, after d~ :
ducting all chargea of repose~aion and such sal~t; ..~inding~reason~ble':~LtiatneY's fees to • the amount unpaid ;
hereunder, and any surplua..8ha11, l~e paid to and any d~y sLaU.~:psid;by Buyer; and Buyer agreea to pay !
reasonable attorney's fees and court costs incurred by Seller in the re~wvery of such deficiency. All of Seller's (
remedies herein stated are i~; addition to any other, remedi propided. by ~v~; all remedies s~all be deemed cumu- ~
lative and none shall be de~med Lneclusive of any othe~Y.~Eac~~~dy'i~yb~`,~ercised as many times as seUer may
deem necessary. . `
Upen ~lelivery of equipmenz to Buyer, Buyer ahall assume all risk of loss or damage to the property and ahaD
pro~~ide fire and extended coverage insuranoe thereon for Seller's benef'it in an amount sufficient to protect Seller'a
intereat, th~rein. Buyer shall not remove equip~ci~nt;~pm ~'~R^e~qi~0;: Or ahall not transfer aay interest there~n
or in ~his Agreement, without the written conaent of Seller. The equipment shall remain personal pa~operty, re8ard- ~
less of the manner or degree of its anneaation to any building or atructure.
Buyer shall pay all licensing or regiatration fees for the eqnipment snd kee the same frae of levies, liena or
encumbrances. Buyer shall file all required reports and pay all pereonal propeTty, ~cense or Frivilege taxea im~ ~
on Seller _ or its assignees with respect . to the equipment or the transactions herein_ oontemplated, __and/or _ ~fl
in lieu thereof, as well as such sales, nse, 8?rosa receipta or other l~ce taxes wluch may now or hereafter be appli
cable to the transaction herein contemplated (including any asaiSn~tyof this;A~re~onent) .~d: t}~t; might
assessed _against the equipment, Seller or it8 assi~?ne~s. ~ ~ ~ ~ ~ ~
' aa~i.~p b, .
Tfiis~A~'reement may be assigned by SeIlei;~=snd~if so ths.. ee b~ e~?titled to e,xerciae all
of the rights and powers of Seller hereunder, but ahall not b~ le witfi'i~n of`t~'abligatibbs or liabil~aiel'!
of Selleri~eunder. Buyer agrees and repre~;ntd thst it will not ap8ert aay, c]sim o~defense . wbicb Bn~er may i
ha~•e againat Seller in any action by or against such asaignee. s-, Y~~' . - t::- ~-1 ; . : ' . ~ = = #
~his=-'~ee~nent constitutes the entire egree~neIIt betwee~a.ths ps'r.tie~, aqd ~o:=8m~e~e~;~`~~ificat~ '
hereof shail be valid unless in writing and S~gaedb~, the partiea. _ 4~ ~ny . Qn~ ~d_ ~,4 Btt~~ ~
~ or fa~wZe. b~_3~eller tqwe~#~~r~:~ay.3 a~ ;~e~g~
f.s;ahall"not be ~ i.~w~. er.vf~fl t8rp4 or ~s~~h et#f~
rig~ greupde,r. Aily rovision hei~eof wlnicL pro7uliited by tbe a csbYe~w'o`-i`' y te a~
~ be iti~ff~i~i~e ~o tb~ e~~it c~f such~ probibition` onl,y, without invalidsti~ng any otber pro~visiona hereof or any
right in liea of such ineffective provisiona whieh seller may have under ~b lsw af sneh ~?te. -
~#'•thie~lisreement is executed by two~or mare Buyera, Buyera agree thst the provisions of this Agreeme~,
including their obligations hereunder, shall be applicable to t~ie~;jointd~aad aeveral)y. .,--1:'•-u= ~
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~_.:~.~.:s__ . - GIIA~ANTY ~
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In consideration of the acceptance by WE3TINGHOZJ3F: ~IT COItPO~~`ION of,th~ with~..: _ g~,
or the assignment thereof by Se,Uer, as the.c~se m$y be, aad'for`at e~ good an~l V uab~~ C'onsideratlOns;
t~de~ ,
signed gnaranto~r~s; fointly atid.~everaDY. guar~i~bee 1io Westinghouse~redit Corporation, tbe fnIl, promp~ perfcr~m-
ance and discharge of sD dbligstiama oi tbe Buq~t under eaid Agt'eemenb: `{;n~t'aatdre~` nsbiNtY herenfi~f~=bl~`ba
primary and Westinghouse Credit Corporation ahall not be required to proceed or take any ~ction, legal or otherwis~
against. Buqer prior to enforcin8 the Provisions .oi t,~is guar~nt~.~ ,~ll~ no~ of ;~ve;y ~]ai~d to whic~.~d~r~Eor~ 1
might be eatitled b~~ law. or otherwise are hereby w~i.ved. ~'~~ou~e Ct~ed,~~Cor~orat~on , ~y ~S~an~ siiy~~eu-
aions o~ indul~geQces~or make an3t compromises or.~ettlement~s.a?i B~};yer: WI : out e~f~A
IGuarantox's , i~b~ty
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c'~ ~ DOCUMENTAo~._STnMP TA`(
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CONPTROLLEA . i: _ , -
p~.190139 ~c~o°` . N~R . ~ . . . .
~83IGND~~1T BY bB~ALBR
~a vv~NOHOU~lttit~ntM-ou~IVswatdit . • • ; " ~ ~ r - : -
FOA VAI.QB RT~CEIYED the an8eedioeA does Lereb? Msll.~lrii~ ~nd tel~stl! " i~11 1Ls warraalles. terms aod D?otLions ot an ai+eem~nt betAen We
to WF.STIY(iHOIISB CSEDIT OOBPOBATI02'i Li~. tb or tLdr rlshR Ut1e : atid ed aM ~FarUnsLao~e C~edit Oo+Do*~tion. it tLe D~~k'~ Lare~nc~ te0 ~uch a~ atfeb
tnteRat ia snd b tLe within contraet aai the D*oDerV eo~aed tL~eeb! and antloelse~ mei~ aro made a part Leeeof bs *ete~enos. aoA .aDan ~?tr ~Istmshoo~s ~t
Wd N'catfnt0one0 GYedlt Corpor~tbn W do !~f ~tt ind thtn~ nsoeMrf W lollect . Co~ersUon refiN t4 m~k#as t6h Dare~1}~:p~~ {1N+ aR tLe ~l~-
aad di~chae~ tbs ~ms. Dad~~ssd wrra~ts i~ut •tL~ ~ald matt~ct ~tor ~o~ tbe in daaibed D~17 L!~ tls Bosar lat atCi evY0. 1pt a to ~ Dr
~te of tDe witL?n AnaibeA Y*~7' b tLe on1,f ca~tract i~ tLs iood~ de~bed rec~rd tLl• rnntract wLeh reinlred Of Lw sbaR rdsrs W! m~0~td[eea bas A~
tt~refo: ~nd is Rennla~ and ~nforoeable• that t3s tood~ were deU~eeed and ~oc~led' obllsl~Uon~ Le+eln and fn sfW asreement Dett~ ft _ aM- ~Iesllniloo~! 4~e~t
tbnt the do~sn pa~ment w~ made in ca~L aod mt 1ts eanl~~lent nnle~ othe~w ~vorsUon. WeetinsLon~e Credit Co*PU*stion rh~ aoL Ds *ev~~ to D~oossA
~ycrlfied• that no wrt lbereof ns losned direcW ar1n~!~t~ W tDs nnde~f~soed araiust 8uier as s eondltba ot entw'cvK tM Ob11Rs1~oi at aa~~R°9a Le~'e9a aqd
b lht ~ilhin named B41~' tIIst title W tLe ato~aW DroDQt~ 1~ tlstld ln UM ~8~- it~ eald +~Lrecmer.l. ,
el~wd trrr and clru ot all Leo~ aad encumDraoi~es wLSt~oe~er, e:eept tbe ir1Wa
conuact: lhat tIIe Bo7er ~.a~ ot lesal a[e at 1Le tias o! tbe ezecntlon oi We wid
mntra.~t: that tLe anderais~ed Ls~ tLe rii~ 14 ~'<iRS ~a{d eontr~et: ~ad tLst tLetb '
L OOR owi~uc Wereon the a0wunt L~ ~et tona-tL~rein . , _ -
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