Personal Properties Security Act 1999 Sample Clauses

Personal Properties Security Act 1999. 12.1 Fastcom retains title in any items provided to you until payment in full is received for that item.

Personal Properties Security Act 1999. 12.1 The Customer acknowledges that the Agreement creates a security interest (as defined in the PPSA) in the Equipment and the proceeds of such Equipment together with any equipment owned by the Customer which is identical in description to any of the Equipment. The Customer will, at the Company’s request, promptly execute any documents, provide all necessary information and do anything else required to ensure that the security interest is perfected in accordance with the PPSA with such priority as the Company requires. 12.2 The Customer shall not grant any other security interest or lien over the Equipment. 12.3 The Customer waives any rights the Customer may have under sections 114(1)(a), 116, 120(2), 121, 125, 129, 131, 133, and 148 of the PPSA. 12.4 The Customer waives its right to receive a copy of any verification statement or financing change statement and will give the Company prior written notice of a proposed change of Customer’s name or address. 12.5 The Customer irrevocably appoints the Company and each director of the Company as the Customer’s true and lawful attorney/s to perform all necessary acts to give effect to the provisions of clause 12.1including, but not limited to, signing any document on the Customer’s behalf.

Personal Properties Security Act 1999. 8.1 The Purchaser acknowledges and agrees that by entering into a contract of sale under these Terms, the Purchaser grants a Security Interest to Kenso NZ in the goods and any proceeds of sale in respect to those goods and also consent to Kenso NZ registering any one or more Financing Statements or Financing Change Statements in respect to any such Security Interest created by or contemplated by these Terms. 8.2 The Purchaser and Kenso NZ agree for the purposes of satisfying Part 3, Section 36 of the PPSA, that the description of goods as shown on any invoice from Kenso NZ is the subject of each and any Security Interest created under these terms and every invoice is incorporated into these terms. 8.3 The Purchaser agrees that they are the Debtor and Xxxxx NZ is the holder of a Purchase Money Security Interest (PMSI) by virtue of these terms or the PPSA. 8.4 To the extent permitted by law, both parties agree that nothing in section 114(1)(a), 120(1), 122, 133, or 134 of the PPSA applies. The Purchaser waives their rights under sections 116, 120(2), 121, 125, 126, 127, 129 and 131 of the PPSA. 8.5 The Purchaser waives pursuant to section 148 of the PPSA the right to receive notice of a Financing Statement, Financing Change Statement or a Verification Statement in relation to any registration of the PPSR. 8.6 Solely to preserve their confidentiality, to the extent allowed under section 177 of the PPSA, the Purchaser, and Xxxxx NZ agree that neither will disclose information if requested by a third party under section 177(1) of the PPSA. 8.7 The Purchaser agrees with Kenso NZ that they will not enter into any agreement or arrangement which permits any other person to register any Security Interest in respect to unpaid goods, proceeds of sale of unpaid goods or any accounts owed in respect of the unpaid goods without Kenso NZ’s consent. 8.8 The Purchaser agrees to give Xxxxx NZ at least 14 days written notice before changing any of the corporate details such as name, ABN, ACN or principle place of business. 8.9 The Purchaser agrees to reimburse Kenso NZ for all costs and / or expenses incurred or payable by Kenso NZ in relation to registering, maintaining or releasing any Financing Statement, or Financing Change Statement under these terms. 8.10 The Purchaser agrees that any rights of Kenso NZ under this document are in addition to and not in substitution for its rights under the PPSA.