PPS Act. (a) If a Party (first party) reasonably determines that this Agreement contains a “Security Interest” for the purposes of the PPS Act (Security Interest), the other Party (second party) agrees to do anything (such as obtaining consents, signing and producing documents, getting documents completed and signed and supplying information) which the first party (after consultation with the second party) reasonably asks and considers necessary for the purposes of: (i) ensuring that the Security Interest is enforceable, perfected and otherwise effective; (ii) enabling the first party to apply for any registration, or give any notification, in connection with the Security Interest so that the Security Interest has the priority required by the first party; or (iii) enabling the first party to exercise rights in connection with the Security Interest. (b) A Party is not required to give any notice under the PPS Act to the other Party or any other person and each Party waives the right to receive any such notice (including a notice of ‘Verification Statement’ as this term is defined under the PPS Act) unless the notice is required by the PPS Act and that obligation cannot be excluded. (c) To the extent that this Agreement gives rise to a Security Interest, the Parties agree that for the purposes of section 115 of the PPS Act, the following sections of the PPS Act will not apply to any Relevant Collateral: (i) section 95 (notice by Secured Party of removal of Accession); (ii) section 121(4) (notice by Secured Party of enforcement of Security Interest in liquid assets); (iii) section 125 (obligation of Secured Party to dispose of or retain Collateral after seizure); (iv) section 130, to the extent that it requires a party to give any notice to the other party (notice by Secured Party of disposal of Collateral); (v) section 132(3)(d) (obligation of Secured Party to show amounts paid to other Secured Parties in statement of account); (vi) section 132(4) (statement of account by Secured Party if it does not dispose of Collateral within prescribed period); (vii) section 135 (notice by Secured Party of retention of Collateral); (viii) section 142 (redemption of Collateral); and (ix) section 143 (reinstatement of Security Agreement). 35 Most favoured nation status
Appears in 4 contracts
Samples: Access Agreement, Access Agreement, Access Agreement
PPS Act.
(a) If a Party (first party) reasonably determines that this Agreement contains a “Security Interest” for the purposes of the PPS Act (Security Interest), the other Party (second party) agrees to do anything (such as obtaining consents, signing and producing documents, getting documents completed and signed and supplying information) which the first party (after consultation with the second party) reasonably asks and considers necessary for the purposes of:of:
(i) ensuring that the Security Interest is enforceable, perfected and otherwise effective;
(ii) enabling the first party to apply for any registration, or give any notification, in connection with the Security Interest so that the Security Interest has the priority required by the first party; or
(iii) enabling the first party to exercise rights in connection with the Security Interest.
(b) A Party is not required to give any notice under the PPS Act to the other Party or any other person and each Party waives the right to receive any such notice (including a notice of ‘Verification Statement’ as this term is defined under the PPS Act) unless the notice is required by the PPS Act and that obligation cannot be excluded.
(c) To the extent that this Agreement gives rise to a Security Interest, the Parties agree that for the purposes of section 115 of the PPS Act, the following sections of the PPS Act will not apply to any Relevant Collateral:
(i) section 95 (notice by Secured Party of removal of Accession);
(ii) section 121(4) (notice by Secured Party of enforcement of Security Interest in liquid assets);
(iii) section 125 (obligation of Secured Party to dispose of or retain Collateral after seizure);
(iv) section 130, to the extent that it requires a party to give any notice to the other party (notice by Secured Party of disposal of Collateral);
(v) section 132(3)(d) (obligation of Secured Party to show amounts paid to other Secured Parties in statement of account);
(vi) section 132(4) (statement of account by Secured Party if it does not dispose of Collateral within prescribed period);
(vii) section 135 (notice by Secured Party of retention of Collateral);
(viii) section 142 (redemption of Collateral); and
(ix) section 143 (reinstatement of Security Agreement). 35 39 Most favoured nation statusstatus
Appears in 3 contracts
Samples: Standard Access Agreement, Access Agreement, Access Agreement
PPS Act. (a) If a Party (first party) reasonably determines that this Agreement contains a “Security Interest” for the purposes of the PPS Act (Security Interest), the other Party (second party) agrees to do anything (such as obtaining consents, signing and producing documents, getting documents completed and signed and supplying information) which the first party (after consultation with the second party) reasonably asks and considers necessary for the purposes of:
(i) ensuring that the Security Interest is enforceable, perfected and otherwise effective;
(ii) enabling the first party to apply for any registration, or give any notification, in connection with the Security Interest so that the Security Interest has the priority required by the first party; or
(iii) enabling the first party to exercise rights in connection with the Security Interest.
(b) A Party is not required to give any notice under the PPS Act to the other Party or any other person and each Party waives the right to receive any such notice (including a notice of ‘Verification Statement’ as this term is defined under the PPS Act) unless the notice is required by the PPS Act and that obligation cannot be excluded.
(c) To the extent that this Agreement gives rise to a Security Interest, the Parties agree that for the purposes of section 115 of the PPS Act, the following sections of the PPS Act will not apply to any Relevant Collateral:
(i) section 95 (notice by Secured Party of removal of Accession);
(ii) section 121(4) (notice by Secured Party of enforcement of Security Interest in liquid assets);
(iii) section 125 (obligation of Secured Party to dispose of or retain Collateral after seizure);
(iv) section 130, to the extent that it requires a party to give any notice to the other party (notice by Secured Party of disposal of Collateral);
(v) section 132(3)(d) (obligation of Secured Party to show amounts paid to other Secured Parties in statement of account);
(vi) section 132(4) (statement of account by Secured Party if it does not dispose of Collateral within prescribed period);
(vii) section 135 (notice by Secured Party of retention of Collateral);
(viii) section 142 (redemption of Collateral); and
(ix) section 143 (reinstatement of Security Agreement). 35 Most favoured nation status.
Appears in 2 contracts
Samples: Standard Access Agreement, Access Agreement
PPS Act. (a) If a Party (first party) reasonably determines that this Agreement contains a “Security Interest” for the purposes of the PPS Act (Security Interest), the other Party (second party) agrees to do anything (such as obtaining consents, signing and producing documents, getting documents completed and signed and supplying information) which the first party (after consultation with the second party) reasonably asks and considers necessary for the purposes of:
(i) ensuring that the Security Interest is enforceable, perfected and otherwise effective;
(ii) enabling the first party to apply for any registration, or give any notification, in connection with the Security Interest so that the Security Interest has the priority required by the first party; or
(iii) enabling the first party to exercise rights in connection with the Security Interest.
(b) A Party is not required to give any notice under the PPS Act to the other Party or any other person and each Party waives the right to receive any such notice (including a notice of ‘Verification Statement’ as this term is defined under the PPS Act) unless the notice is required by the PPS Act and that obligation cannot be excluded.
(c) To the extent that this Agreement gives rise to a Security Interest, the Parties agree that for the purposes of section 115 of the PPS Act, the following sections of the PPS Act will not apply to any Relevant Collateral:
(i) section 95 (notice by Secured Party of removal of Accession);
(ii) section 121(4) (notice by Secured Party of enforcement of Security Interest in liquid assets);
(iii) section 125 (obligation of Secured Party to dispose of or retain Collateral after seizure);
(iv) section 130, to the extent that it requires a party to give any notice to the other party (notice by Secured Party of disposal of Collateral);
(v) section 132(3)(d) (obligation of Secured Party to show amounts paid to other Secured Parties in statement of account);
(vi) section 132(4) (statement of account by Secured Party if it does not dispose of Collateral within prescribed period);
(vii) section 135 (notice by Secured Party of retention of Collateral);
(viii) section 142 (redemption of Collateral); and
(ix) section 143 (reinstatement of Security Agreement). 35 38 Most favoured nation status
Appears in 1 contract
Samples: Access Agreement
PPS Act. (a) If a Party (first party) reasonably determines that this Agreement contains a “Security Interest” for the purposes of the PPS Act (Security Interest), the other Party (second party) agrees to do anything (such as obtaining consents, signing and producing documents, getting documents completed and signed and supplying information) which the first party (after consultation with the second party) reasonably asks and considers necessary for the purposes of:
(i) ensuring that the Security Interest is enforceable, perfected and otherwise effective;
(ii) enabling the first party to apply for any registration, or give any notification, in connection with the Security Interest so that the Security Interest has the priority required by the first party; or
(iii) enabling the first party to exercise rights in connection with the Security Interest.
(b) A Party is not required to give any notice under the PPS Act to the other Party or any other person and each Party waives the right to receive any such notice (including a notice of ‘Verification Statement’ as this term is defined under the PPS Act) unless the notice is required by the PPS Act and that obligation cannot be excluded.
(c) To the extent that this Agreement gives rise to a Security Interest, the Parties agree that for the purposes of section 115 of the PPS Act, the following sections of the PPS Act will not apply to any Relevant Collateral:
(i) section 95 (notice by Secured Party of removal of Accession);
(ii) section 121(4) (notice by Secured Party of enforcement of Security Interest in liquid assets);
(iii) section 125 (obligation of Secured Party to dispose of or retain Collateral after seizure);
(iv) section 130, to the extent that it requires a party to give any notice to the other party (notice by Secured Party of disposal of Collateral);
(v) section 132(3)(d) (obligation of Secured Party to show amounts paid to other Secured Parties in statement of account);
(vi) section 132(4) (statement of account by Secured Party if it does not dispose of Collateral within prescribed period);
(vii) section 135 (notice by Secured Party of retention of Collateral);
(viii) section 142 (redemption of Collateral); and
(ix) section 143 (reinstatement of Security Agreement). 35 32 Most favoured nation status
Appears in 1 contract
Samples: Access Agreement
PPS Act.
(a) If a Party (first party) reasonably determines that this Agreement contains a “Security Interest” for the purposes of the PPS Act (Security Interest), the other Party (second party) agrees to do anything (such as obtaining consents, signing and producing documents, getting documents completed and signed and supplying information) which the first party party (after consultation with the second party) reasonably asks and considers necessary for the purposes of:
(i) ensuring that the Security Interest is enforceable, perfected and otherwise effective;
(ii) enabling the first party to apply for any registration, or give any notification, in connection with the Security Interest so that the Security Interest has the priority required by the first party; or
(iii) enabling the first party to exercise rights in connection with the Security Interest.
(b) A Party is not required to give any notice under the PPS Act to the other Party or any other person and each Party waives the right to receive any such notice (including a notice of ‘Verification Statement’ as this term is defined under the PPS Act) unless the notice is required by the PPS Act and that obligation cannot be excluded.
(c) To the extent that this Agreement gives rise to a Security Interest, the Parties agree that for the purposes of section 115 of the PPS Act, the following sections of the PPS Act will not apply to any Relevant Collateral:
(i) section 95 (notice by Secured Party of removal of Accession);
(ii) section 121(4) (notice by Secured Party of enforcement of Security Interest in liquid assets);
(iii) section 125 (obligation of Secured Party to dispose of or retain Collateral after seizure);
(iv) section 130, to the extent that it requires a party to give any notice to the other party (notice by Secured Party of disposal of Collateral);
(v) section 132(3)(d) (obligation of Secured Party to show amounts paid to other Secured Parties in statement of account);
(vi) section 132(4) (statement of account by Secured Party if it does not dispose of Collateral within prescribed period);
(vii) section 135 (notice by Secured Party of retention of Collateral);
(viii) section 142 (redemption of Collateral); and
(ix) section 143 (reinstatement of Security Agreement). 35 39 Most favoured nation statusstatus
Appears in 1 contract
Samples: Access Agreement
PPS Act. (a) If a Party (first party) reasonably determines that this Agreement contains a “Security Interest” for the purposes of the PPS Act (Security Interest), the other Party (second party) agrees to do anything (such as obtaining consents, signing and producing documents, getting documents completed and signed and supplying information) which the first party (after consultation with the second party) reasonably asks and considers necessary for the purposes of:
(i) ensuring that the Security Interest is enforceable, perfected and otherwise effective;
(ii) enabling the first party to apply for any registration, or give any notification, in connection with the Security Interest so that the Security Interest has the priority required by the first party; or
(iii) enabling the first party to exercise rights in connection with the Security Interest.
(b) A Party is not required to give any notice under the PPS Act to the other Party or any other person and each Party waives the right to receive any such notice (including a notice of ‘Verification Statement’ as this term is defined under the PPS Act) unless the notice is required by the PPS Act and that obligation cannot be excluded.
(c) To the extent that this Agreement gives rise to a Security Interest, the Parties agree that for the purposes of section 115 of the PPS Act, the following sections of the PPS Act will not apply to any Relevant Collateral:
(i) section 95 (notice by Secured Party of removal of Accession);
(ii) section 121(4) (notice by Secured Party of enforcement of Security Interest in liquid assets);
(iii) section 125 (obligation of Secured Party to dispose of or retain Collateral after seizure);
(iv) section 130, to the extent that it requires a party to give any notice to the other party (notice by Secured Party of disposal of Collateral);
(v) section 132(3)(d) (obligation of Secured Party to show amounts paid to other Secured Parties in statement of account);
(vi) section 132(4) (statement of account by Secured Party if it does not dispose of Collateral within prescribed period);
(vii) section 135 (notice by Secured Party of retention of Collateral);
(viii) section 142 (redemption of Collateral); and
(ix) section 143 (reinstatement of Security Agreement). 35 3538 Most favoured nation status
Appears in 1 contract
Samples: Access Agreement
PPS Act. (a) If a Party (first party) reasonably determines that this Agreement contains a “Security Interest” for the purposes of the PPS Act (Security Interest), the other Party (second party) agrees to do anything (such as obtaining consents, signing and producing documents, getting documents completed and signed and supplying information) which the first party (after consultation with the second party) reasonably asks and considers necessary for the purposes of:
(i) ensuring that the Security Interest is enforceable, perfected and otherwise effective;
(ii) enabling the first party to apply for any registration, or give any notification, in connection with the Security Interest so that the Security Interest has the priority required by the first party; or
(iii) enabling the first party to exercise rights in connection with the Security Interest.
(b) A Party is not required to give any notice under the PPS Act to the other Party or any other person and each Party waives the right to receive any such notice (including a notice of ‘Verification Statement’ as this term is defined under the PPS Act) unless the notice is required by the PPS Act and that obligation cannot be excluded.
(c) To the extent that this Agreement gives rise to a Security Interest, the Parties agree that for the purposes of section 115 of the PPS Act, the following sections of the PPS Act will not apply to any Relevant Collateral:
(i) section 95 (notice by Secured Party of removal of Accession);
(ii) section 121(4) (notice by Secured Party of enforcement of Security Interest in liquid assets);
(iii) section 125 (obligation of Secured Party to dispose of or retain Collateral after seizure);
(iv) section 130, to the extent that it requires a party to give any notice to the other party (notice by Secured Party of disposal of Collateral);
(v) section 132(3)(d) (obligation of Secured Party to show amounts paid to other Secured Parties in statement of account);
(vi) section 132(4) (statement of account by Secured Party if it does not dispose of Collateral within prescribed period);
(vii) section 135 (notice by Secured Party of retention of Collateral);
(viii) section 142 (redemption of Collateral); and
(ix) section 143 (reinstatement of Security Agreement). 35 39 Most favoured nation status
Appears in 1 contract
Samples: Standard Access Agreement