Australian Ppsa Provisions. If and only to the extent an Australian PPSA Trigger Event has occurred and is continuing with respect to any Loan Party, then the following additional provisions set forth below in this Section 7.17 shall apply:
Australian Ppsa Provisions. (a) Where Administrative Agent, Australian Security Trustee, Collateral Agent, a member of the Lender Group or a Bank Product Provider has a security interest (as defined in the Australian PPSA) under any Loan Document, to the extent the law permits: (i) for the purposes of sections 115(1) and 115(7) of the Australian PPSA: (A) Administrative Agent, Australian Security Trustee, Collateral Agent, a member of the Lender Group or a Bank Product Provider with the benefit of the security interest need not comply with sections 95, 118, 121(4), 125, 130, 132(3)(d) or 132(4) of the Australian PPSA; and (B) sections 142 and 143 of the Australian PPSA are excluded; (ii) for the purposes of section 115(7) of the Australian PPSA, Administrative Agent, Australian Security Trustee, Collateral Agent, a member of the Lender Group or a Bank Product Provider with the benefit of the security interest need not comply with sections 132 and 137(3); (iii) each party to this Agreement waives its right to receive from Administrative Agent, Australian Security Trustee, Collateral Agent, a member of the Lender Group or a Bank Product Provider any notice required under the Australian PPSA (including a notice of a verification statement); and (iv) if Administrative Agent, Australian Security Trustee, Collateral Agent, a member of the Lender Group or a Bank Product Provider with the benefit of a security interest exercises a right, power or remedy in connection with it, that exercise is taken not to be an exercise of a right, power or remedy under the Australian PPSA unless the Administrative Agent, Australian Security Trustee or such Lender states otherwise at the time of exercise. However, this clause does not apply to a right, power or remedy which can only be exercised under the Australian PPSA.
Australian Ppsa Provisions. Where a Secured Party has a “security interest” (as defined in the Australian PPSA) under any Loan Document, to the extent the law permits:
Australian Ppsa Provisions
