Common use of Credit Contract Clause in Contracts

Credit Contract. (a) That by these Terms, the OWNER provides credit to the HIRER in relation to all moneys payable from time to time for equipment supplied to the HIRER, and these terms shall govern all transactions between the parties as a single Security Agreement for the purposes of the PPSA. (b) The OWNER may at any time and without reason or notice cease the provision of credit under these Terms.