Personal Property Security Act definition

Personal Property Security Act means the Personal Property Security Act of the Province of Ontario (or of any other applicable province or territory of Canada), as such legislation may be amended, renamed or replaced from time to time, and includes all regulations from time to time made under such legislation.
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Personal Property Security Act means the Personal Property Security Act (Ontario), as amended from time to time, or in the case of any tangible asset located in a Canadian province other than Ontario, the corresponding statute in that province.
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Personal Property Security Act or “PPSA” means the Personal Property Security Act (Ontario) and the regulations thereunder, as from time to time in effect, provided, however, if attachment, perfection or priority of Agent’s security interests in any Collateral are governed by the personal property security laws of any jurisdiction other than Ontario, PPSA shall mean those personal property security laws in such other jurisdiction for the purposes of the provisions hereof relating to such attachment, perfection or priority and for the definitions related to such provisions.
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Examples of Personal Property Security Act in a sentence

  • Buyer shall execute and deliver any Article Nine of the Uniform Commercial Code and/or Personal Property Security Act (Ontario) and/or Repair and Storage Liens Act (Ontario) ("RSLA") Financing Statements, or other instruments, whether under the laws of Ontario or any State and perform all acts which may be desirable for the perfection and continuation of Company's security interest hereunder.

  • For purposes of the Securities Transfer Act (Ontario), the Personal Property Security Act (Ontario) and any similar legislation in any other jurisdiction (a) the jurisdiction of the Custodian, as securities intermediary with respect to the Funds is the Province of Ontario, (b) the Portfolio and all securities, margin, deposit and other accounts which forms part of the Portfolio are “securities accounts”, and (c) any property of any nature whatsoever credited to the Portfolio is a “financial asset”.

  • Upon Buyer’s Default and ▇▇▇▇▇▇’s written notice thereof to Buyer, every obligation of Seller hereunder shall immediately terminate and Seller shall have all rights and remedies existing at law or in equity, including but not limited to those provided by the Ontario Personal Property Security Act as adopted in Ontario, and Buyer shall reimburse Seller on written demand for any costs or losses sustained or incurred by Seller arising directly or indirectly from the Buyer Default.


More Definitions of Personal Property Security Act

Personal Property Security Act means the Personal Property Security Act (Ontario) and other personal property security legislation of the applicable Canadian province or provinces in respect of the Borrower or the Collateral (including the Civil Code of Quebec and the regulation respecting the registration of personal and movable real rights promulgated thereunder) as all such legislation now exists or may from time to time hereafter be amended, modified, recodified, supplemented or replaced, together with all rules, regulations and interpretations thereunder or related thereto.
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Personal Property Security Act and “PPSA” means the Personal Property Security Act (Ontario) and any successor or replacement legislation thereto, together with the personal property security laws or laws relating to movable property applicable in any province or territory of Canada.
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Personal Property Security Act means the Personal Property Security Act (Ontario), provided, that, if perfection or the effect of perfection or non-perfection or the priority of any Lien created under any other Loan Document on the Collateral is governed by the personal property security legislation or other applicable legislation with respect to personal property security in effect in a jurisdiction in Canada other than the Province of Ontario, “PPSA” means the Personal Property Security Act or such other applicable legislation (including the Civil Code of Quebec) in effect from time to time in such other jurisdiction in Canada for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority, as such legislation may be amended, renamed or replaced from time to time, and includes all regulations from time to time made under such legislation.
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Personal Property Security Act means the Personal Property Security Act (Ontario) and the Regulations thereunder, as from time to time in effect, provided, however, if attachment, perfection or priority of Lender’s security interests in any collateral are governed by the personal property security laws of any jurisdiction other than Ontario, PPSA shall mean those personal property security laws in such other jurisdiction for the purposes of the provisions hereof relating to such attachment, perfection or priority and for the definitions related to such provisions.
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Personal Property Security Act. (Alberta)" means the Personal Property Security Act, R.S.A. 2000, c. P-7, as amended, including the regulations made and, from time to time, in force under that Act.
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Personal Property Security Act means the Personal Property Security Act, R.S.B.C. 1996, c. 359; (f) “Superintendent” means the Superintendent of Motor Vehicles; and (g) “Vehicle” means the COLOUR YEAR MAKE MODEL with a Vehicle Identification Number , an odometer reading of , and a Registration Number of , impounded under VI number that is owned by the Vehicle Owner.
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Personal Property Security Act or “PPSA” means the Personal Property Security Act (or equivalent statute) as in effect from time to time in the Province of Ontario, Canada; provided, however, that, at any time, if by reason of mandatory provisions of law, any or all of the perfection or priority of a collateral agent’s security interest in any item or portion of the Collateral is governed by the Personal Property Security Act (or equivalent statute, including the Civil Code of Quebec) as in effect in a jurisdiction other than the Province of Ontario, Canada, the term “Personal Property Security Act” shall mean the Personal Property Security Act (or equivalent statute, including the Civil Code of Quebec) as in effect, at such time, in such other jurisdiction for purposes of the provisions hereof relating to such perfection or priority and for purposes of definitions relating to such provisions.
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