Translation of "Kontokorrentverhältnis" in English

Where there is a current account relationship, the reservation of title extends to the recognised balance.

Where business is conducted on an open account basis our retention of title applies to the acknowledged balance.

Retention of title shall also apply in any managed current account relationship and also with regard to the claim for the balance of account.

If the claim from the resale becomes part of a current account relationship between Customer and its customer, said transfer by way of security shall extend to the balance receivables to the same amount (extended retention of titles with advance cession).

The following agreed reservation of ownership is designed for securing all existing current and future claims against the customer from the supplier relationship with respect to plant equipment products (including balance claims from mutual accounts limited to this supplier relationship).

We shall retain title to the purchase item until receipt of all payments from the existing open business relations with the purchaser.

If a current account relationship has been agreed between the customer and us, the retention of title also refers to the balance approved in each case.

This also applies with regard to any balance claims, including the final balance, if claims from a resale by the customer are taken into an existing current account relationship with his buyers.

Insofar as a checking account relationship has been agreed upon between the purchaser and the Genuport Trade GmbH, the reservation of ownership rights also relate to the respectively acknowledged balance.

However, with regard to this claim, the purchaser is not entitled to enter into a current account relationship or a non-assignment clause with its customer or pledge or assign it to third parties.

If a current account has been agreed between ELORA and the buyer, ELORA retains title in the goods until such time as all claims from that current account have been settled.

If the assigned claim of the Contracting partner against the third-party debtor has been included in a current account relationship, the assignment refers to the balance.

If the conditional buyer includes the claim in an existing current account relationship with its customer, it shall assign to us both the acknowledged balance and the causal balance up to the amount of the original current account claim.

The retention of the right applies also to outstanding amounts from earlier and future legal transactions and for outstanding account balance from a possibly existing current account relationship.

In the event of a current account relationship ALESSANDRO shall retain title until all the payments due have been received from acknowledged balances.

The retention of title provision agreed to below serves as security for all current and future claims that Weiss GmbH has against the Contract Partner resulting from the contractual relationship between the parties to the contract (including any outstanding balance claims existing in a current account limited to dealings under this contract).

If the customer integrates the claim into an open account relation with his purchaser he transfers the balance claims as they result in his favour out of this open account to us already now.

However, the Purchaser is not entitled to agree a current account relationship or prohibition of assignment with his customers with respect to these claims, nor is he entitled to assign or pledge them to third parties.

This will also apply where claims are incorporated into a current invoice and the balance has been struck and accredited. Where there is a current account the delivery item will remain the property of PSG until the account has been fully balanced.