Personal Property Security Act. 25.1 CEWA may register any Security Interest granted under this Agreement in any manner it chooses. The Supplier shall provide CEWA with any information it requires for the purposes of effecting this registration. 25.2 The Supplier waives its right under section 157(3) of the PPSA to receive any notice from CEWA in relation to the registration of a Security Interest arising under this Agreement. 25.3 The Supplier shall take such step as reasonably requested by CEWA to ensure the enforceability and first ranking priority of any Security Interest granted to CEWA under this Agreement. 25.4 If the Supplier believes that a Security Interest arises under this Agreement, it must notify CEWA at least 10 days prior to the Supplier taking steps to register a Security Interest on the PPS Register. 25.5 Within 10 days of the expiry or termination of this Agreement, the Supplier shall (at its cost), remove from the PPS Register each Security Interest it has registered in relation to this Agreement, and shall provide CEWA with verification of the removal of the Security Interest in compliance with section 157 of the PPSA.
Appears in 3 contracts
Sources: Purchase Order Agreement, Purchase Order Agreement, Purchase Order Agreement