Personal Property Securities Xxx 0000. “PPSA”) (a) Any mobile plant and equipment, materials and general property owned by the Company and entrusted to the Supplier in connection with the Supplier's provision of Services is not intended to be bailed by the Company to the Supplier. However, if the PPSA treats any such arrangement as a bailment or PPS lease (as defined in the PPSA) the term of the arrangement will end on the earlier of the date the Services have been performed or the day immediately before the PPSA would otherwise apply to the arrangement as a PPS lease. (b) The Supplier acknowledges and agrees that it will not register any Security Interest in relation to this Contract against the Company on any register maintained under the PPSA.
Appears in 4 contracts
Samples: Purchase Order Agreement, Purchase Order Agreement, Purchase Order Agreement
