Common use of Personal Property Security Clause in Contracts

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.

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 ▇▇▇▇▇ Bauer 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.