Common use of Enforcement of Security Interests Clause in Contracts

Enforcement of Security Interests. If Chapter 4 of the PPSA would otherwise apply to the enforcement of this Agreement, the Client agrees the following provisions of the PPSA will not apply to this Agreement: (a) section 95 (notice of removal of accession), to the extent that it requires Supplier to give a notice to the Client; (b) subsection 121(4) (enforcement of liquid assets – notice to grantor); (c) section 125 (obligation to dispose of or retain collateral); (d) section 128 (secured party may dispose of collateral); (e) section 129 (disposal by purchase);