Common use of Contracting out of PPSA rights Clause in Contracts

Contracting out of PPSA rights. The Customer:‌ (a) agrees that nothing in sections 114(a), 133 and 134 of the PPSA will apply to this Agreement, or any security interest created by this Agreement; and (b) waives the Customer’s right to any of the following: (i) to receive a statement of account under section 116 of the PPSA; (ii) to receive notice of the Secured Party’s proposal to retain any of the Collateral under section 120 of the PPSA; (iii) to object to the Secured Party’s proposal to retain any Collateral under section 121 of the PPSA; (iv) to not have goods damaged when the Secured Party (or any person on its behalf) removes an accession under section 125 of the PPSA; (v) to be reimbursed for damage caused when the Secured Party (or any person on its behalf) removes an accession under section 126 of the PPSA;‌ (vi) to receive notice of the removal of an accession under section 129 of the PPSA; or (vii) to apply to the court for an order concerning the removal of an accession under section 131 of the PPSA.

Contracting out of PPSA rights. The Customer:‌Customer: (a) agrees that nothing in sections 114(a), 133 and 134 of the PPSA will apply to this Agreement, or any security interest created by this Agreement; and (b) waives the Customer’s right to any of the following: (i) to receive a statement of account under section 116 of the PPSA;PPSA;‌ (ii) to receive notice of the Secured Party’s proposal to retain any of the Collateral under section 120 of the PPSA; (iii) to object to the Secured Party’s proposal to retain any Collateral under section 121 of the PPSA; (iv) to not have goods damaged when the Secured Party (or any person on its behalf) removes an accession under section 125 of the PPSA; (v) to be reimbursed for damage caused when the Secured Party (or any person on its behalf) removes an accession under section 126 of the PPSA;‌PPSA; (vi) to receive notice of the removal of an accession under section 129 of the PPSA; or (vii) to apply to the court for an order concerning the removal of an accession under section 131 of the PPSA.PPSA.‌

Contracting out of PPSA rights. The Customer:‌Customer: (a) agrees that nothing in sections 114(a), 133 and 134 of the PPSA will apply to this Agreement, or any security interest created by this Agreement; and (b) waives the Customer’s right to any of the following: (i) to receive a statement of account under section 116 of the PPSA; (ii) to receive notice of the Secured Party’s proposal to retain any of the Collateral under section 120 of the PPSA; (iii) to object to the Secured Party’s proposal to retain any Collateral under section 121 of the PPSA; (iv) to not have goods damaged when the Secured Party (or any person on its behalf) removes an accession under section 125 of the PPSA; (v) to be reimbursed for damage caused when the Secured Party (or any person on its behalf) removes an accession under section 126 of the PPSA;‌PPSA; (vi) to receive notice of the removal of an accession under section 129 of the PPSA; or (vii) to apply to the court for an order concerning the removal of an accession under section 131 of the PPSA.

Contracting out of PPSA rights. The Customer:‌Customer: (a) agrees that nothing in sections 114(a), 133 and 134 of the PPSA will apply to this Agreement, or any security interest created by this Agreement; and (b) waives the Customer’s right to any of the following: (i) to receive a statement of account under section 116 of the PPSA;PPSA;‌ (ii) to receive notice of the Secured Party’s proposal to retain any of the Collateral under section 120 of the PPSA; (iii) to object to the Secured Party’s proposal to retain any Collateral under section 121 of the PPSA; (iv) to not have goods damaged when the Secured Party (or any person on its behalf) removes an accession under section 125 of the PPSA; (v) to be reimbursed for damage caused when the Secured Party (or any person on its behalf) removes an accession under section 126 of the PPSA;‌PPSA; (vi) to receive notice of the removal of an accession under section 129 of the PPSA; PPSA;‌ or (vii) to apply to the court for an order concerning the removal of an accession under section 131 of the PPSA.

Contracting out of PPSA rights. The Customer:‌Customer: (a) agrees that nothing in sections 114(a), 133 and 134 of the PPSA will apply to this Agreement, or any security interest created by this Agreement; and (b) waives the Customer’s right to any of the following: (i) to receive a statement of account under section 116 of the PPSA; (ii) to receive notice of the Secured Party’s proposal to retain any of the Collateral under section 120 of the PPSA; (iii) to object to the Secured Party’s proposal to retain any Collateral under section 121 of the PPSA; (iv) to not have goods damaged when the Secured Party (or any person on its behalf) removes an accession under section 125 of the PPSA; (v) to be reimbursed for damage caused when the Secured Party (or any person on its behalf) removes an accession under section 126 of the PPSA;‌PPSA; (vi) to receive notice of the removal of an accession under section 129 of the PPSA; PPSA;‌ or (vii) to apply to the court for an order concerning the removal of an accession under section 131 of the PPSA.

Contracting out of PPSA rights. The Customer:‌ (a) agrees that nothing in sections 114(a), 133 and 134 of the PPSA will apply to this Agreement, or any security interest created by this Agreement; and (b) waives the Customer’s right to any of the following: (i) to receive a statement of account under section 116 of the PPSA;PPSA;‌ (ii) to receive notice of the Secured Party’s proposal to retain any of the Collateral under section 120 of the PPSA; (iii) to object to the Secured Party’s proposal to retain any Collateral under section 121 of the PPSA; (iv) to not have goods damaged when the Secured Party (or any person on its behalf) removes an accession under section 125 of the PPSA;PPSA;‌ (v) to be reimbursed for damage caused when the Secured Party (or any person on its behalf) removes an accession under section 126 of the PPSA;‌PPSA; (vi) to receive notice of the removal of an accession under section 129 of the PPSA; or (vii) to apply to the court for an order concerning the removal of an accession under section 131 of the PPSA.PPSA.‌