Personal Property Security Sample Clauses

Personal Property Security. 11.1 This clause is to be interpreted and applied in accordance with the Personal Property Securities ▇▇▇ ▇▇▇▇ (PPSA). 11.2 The Buyer acknowledges and agrees that: (a) the Agreement constitutes a security agreement for the purposes of the PPSA, and as such, creates a security interest in the nature of a purchase money security interest to the benefit of the Seller as a secured party in all Goods provided or to be provided to the Buyer under the Agreement, to secure the payment of the Price and of any other monies which may become due and payable as a result of the supply of Goods by the Seller to the Buyer from time to time; and (b) the Seller has given value for the security interest, and the Seller’s security interest is effective and attaches to the Goods (including future Goods supplied by the Seller to the Buyer) immediately upon the Buyer taking Delivery of the Goods. 11.3 The Seller is entitled to take all steps necessary to protect and register the purchase money security interest in the Goods under the PPSA. 11.4 Upon request by the Seller, the Buyer will promptly sign any documents and provide any information which the Seller may request, including agreement or waivers from third parties, as necessary to register, perfect or otherwise protect and enforce the Seller’s security interest in the Goods.

Personal Property Security. Client will not be responsible for the loss, theft, or damage of the equipment, supplies or other property of Renter, any Renter Party, or any Event guest. Renter and such persons assume the risk of all such losses.

Personal Property Security. (a) If the Supplier is supplying Goods, the Supplier grants a Security Interest in the Goods so as to secure performance of its obligations under this agreement and any payment of the Price made by the Contractor. (b) If the Contractor determines that the agreement (or a transaction in connection with it) is or contains a Security Interest for the purposes of the PPSA, the Supplier agrees to do anything (such as obtain consents, sign and produce documents, get documents completed and signed, and supply information) at its cost which the Contractor asks for and considers necessary (acting reasonably) for the purposes of enabling the Contractor: (i) to apply for any registration (under whatever collateral class the Contractor thinks fit); (ii) give any notification, in connection with the Security Interest; and (iii) to exercise rights in connection with the Security Interest, so that:‌ (iv) the Security Interest is enforceable, perfected (including where possible, by control in addition to registration) and otherwise effective; and (v) the Security Interest has the priority required by the Contractor; and (vi) consents to any such registration or notification and agrees not to make an amendment demand. (c) Without limiting clause 19.5, the Supplier must: (i) not create or register any Security Interest or lien over any of the Contractor’s Personal Property (whether a general Security Interest, an all present and after acquired property Security Interest or otherwise); and (ii) notify the Contractor at least 10 Business Days before: (A) the Supplier changes its name, principal place of business or place of registration or incorporation; (B) any ABN or ARBN allocated to the Supplier changes, is cancelled or otherwise ceases to apply to it (or if it does not have an ABN or ARBN or one is allocated, or otherwise starts to apply, to it); and (C) the Supplier becomes trustee of a trust, or a partner in a partnership. (d) To the extent the Law permits: (i) for the purposes of sections 115(1) and 115(7) of the PPSA: (A) the Contractor need not comply with sections 95, 118, 121(4), 125, 130, 132(3)(d) and132(4); and (B) sections 142 and 143, are excluded;‌ (ii) for the purposes of section 115(7) of the PPSA, the Contractor need not comply with sections 132 and 137(3); (iii) if the PPSA is amended after the date of the agreement to permit the Supplier and the Contractor to agree to exclude other provisions of the PPSA, the Contractor may notify the Supplier that the Co...

Personal Property Security a. In this clause PPS Act means the Personal Property Securities Act 2009 (Cth) as amended, repealed or replaced from time to time. b. The Customer agrees that this agreement is a security agreement under the PPS Act. The Customer acknowledges and agrees that the collateral is the goods supplied by Platform Sales Australia, including those described in any purchase order, invoice, receipt or any other document provided in connection with the supply of goods to the Customer. The collateral includes material handling and access equipment including equipment such as telescopic material handlers, elevating work platforms, boom and other lifts and hoists and all parts and accessories and tools for all such equipment. c. Despite any other term or condition of this agreement, Platform Sales Australia will be entitled to all rights and remedies of a secured party and an owner (including but not limited to a secured party and owner after default) under the PPS Act or any other applicable law. For the avoidance of doubt, such rights and remedies will not limit and will be in addition to all other rights provided to Platform Sales Australia under this agreement or by law (including in equity). They include the right to retain, deal or dispose of the goods in any way Platform Sales Australia sees fit. d. All goods supplied by Platform Sales Australia pursuant to this agreement will forever remain personal property and will not become or be deemed a fixture or a part of any real estate on which it may be located. e. The Customer must do everything (including providing information, executing any security agreement or other document, and granting any other or substitute security interest) requested by Platform Sales Australia to perfect a security interest in: a) collateral supplied by it pursuant to this agreement; and b) the proceeds of such collateral, so as to maintain an effective and first priority security interest in favour of Platform Sales Australia. f. Platform Sales Australia may at its absolute discretion effect and maintain a registration on the register under the PPS Act (in any manner it considers appropriate, including as a purchase money security interest) in relation to any security interest arising or contemplated by this agreement. The Customer waives the right to receive notice of a verification statement in relation to any registration event. The Customer must not register a financing change statement in respect of a security interest contemplated ...

Personal Property Security. CCC agrees to provide lockers or locked area accessible only to staff of the program area or worksite, for the purposes of securing personal property where possible. In the absence of secure areas for personal property, CCC agrees to reimburse the employee the fair market value for any stolen personal property, provided the employee had a reasonable reason to bring the item into the workplace.

Personal Property Security. The Guarantor Security Documents create, in favour of the Collateral Agent for the benefit of the Secured Creditors, a valid and enforceable perfected security interest in and Lien on all of the property and assets of the Guarantor, superior to and prior to the rights and Liens of all third Persons and subject to no other Liens. Except as have been obtained or made, no consents, filings or recordings are required to maintain the perfection and priority of the security interests purported to be created by the Guarantor Security Documents.

Personal Property Security. 14.1 In this clause ‘attaches’, ‘financing statement’, ‘financing change statement’, ‘personal property’, ‘security Agreement’, ‘security interest’ and ‘verification statement’ have the meanings given to them by the PPSA. 14.2 The Client and the Guarantor, if any, hereby charge all their respective interest in their personal property as security for the performance by the Client of the Client’s obligations under the Agreement. 14.3 The Client acknowledges and agrees that: (a) the Agreement constitutes a security agreement for the purposes of the PPSA, (b) a security interest exists in all of the Client’s existing and future personal property (and their proceeds), and (c) WDG has not agreed to postpone the time the security interest attaches to the Client’s personal property. 14.4 The Client shall: (a) promptly sign all documents and provide any further information that WDG may reasonably require to register a financing statement or financing change statement in relation to a security interest granted to WDG under the Agreement or any other document required to be registered under the PPSA, and (b) on demand reimburse WDG for all costs and expenses incurred in registering a financing statement or financing change statement. 14.5 The Client irrevocably appoints WDG and each director of WDG as the Client’ true and lawful attorney for the purpose of performing all acts and signing all documents necessary to give effect to this clause. 14.6 Any requirement under the PPSA on the part of WDG to give a notice to the Client or any Guarantor shall not, to the extent that the requirement may be contracted out of (including, without limitation, under Section 115(1) of the PPSA), apply to the Agreement. Further, to the extent that that the Client and/or the Guarantor may waive the right to receive a notice under the PPSA (including, without limitation, notice in relation to a verification statement under Section 157(1) of the PPSA), the Client and the Guarantor waives that right. 14.7 The Client irrevocably authorises and licenses WDG to enter upon the Client’s property or premises, without notice, and without being in any way liable to the Client, if WDG has cause to exercise any of WDG’s rights under Section 123 of the PPSA, and the Client shall indemnify WDG from any claims made by any third party as a result of such exercise. 14.8 WDG and the Client agree to treat information of the kind referred to in Section 275(1) of the PPSA as confidential. Neither WDG or the ...

Personal Property Security. The personal property security interests granted to Lender in the Loan Documents shall have been or be capable of being duly perfected in a first lien position on all of the Subsidiaries' accounts receivable and a second lien on all other assets of the Subsidiaries immediately after the Effective Date. The priority lien on the Subsidiaries' accounts receivable by the Lender and the first lien on all other assets by Fleet Business Credit Corporation ("Fleet") are more fully described in the Intercreditor Agreement by and between Lender and Fleet. The lien obtained by Fleet in the assets of the Subsidiaries shall be referred to as the "Fleet Lien."

Personal Property Security. The Customer acknowledges that the Company has a security interest in the Goods and/or its proceeds for the purposes of the PPSA and ▇▇▇▇▇ may register its security interest in the Goods and its proceeds on the PPSR and the Customer in accordance with section 157 (3) (b) of the PPSA waives the right to receive notice of such registration. The Customer also undertakes, at its own expense, to promptly do anything (such as supplying information) which the Company requests and reasonably requires the Customer to do for the purposes of ensuring that the security interest is enforceable, perfected or otherwise effective.