PPSA registration Clause Samples
The PPSA registration clause establishes the requirement for a party to register a security interest under the Personal Property Securities Act (PPSA). In practice, this means that if one party provides goods or financing to another, they must register their interest in those goods or assets on the official PPSA register to ensure their rights are legally recognized and enforceable against third parties. This clause is essential for protecting the secured party’s interest in the event of insolvency or competing claims, thereby reducing the risk of loss and clarifying priority over the relevant property.
PPSA registration. The Principal will cooperate with the Supplier to enable the Supplier to register, under the Personal Property Securities Act 2009 (Cth), the security interests of the Supplier in the Goods under the provisions of this Contract.
PPSA registration. The Customer agrees:
(a) that the Secured Party may register a financing statement under the PPSA in respect of each item of Collateral that is from time to time subject to this Agreement, in such otherwise dispose of any Collateral that is subject to this Agreement, unless:
(a) the Collateral is held by the Customer as inventory and is disposed of in the ordinary course of the Customer's business for full market value; or
(b) the Collateral is sold, withdrawn, transferred, assigned, leased or disposed of with the prior consent of the Secured Party. a manner as the Secured Party considers desirable in order to perfect its security 4.3 Not create security interests: The Customer will not grant a security interest in the interest in that Collateral; and Collateral to any person other than the Secured Party, unless the Secured Party agrees.
(b) to pay the registration fees incurred by the Secured Party in doing so, on demand; 4.4 Not part with possession: The Customer will not part with possession of any Collateral, and
(c) to do such things as the Secured Party may reasonably request in order to assist the Secured Party to perfect its security interest in that manner.
PPSA registration. The Customer agrees:
(a) that the Secured Party may register a financing statement under the PPSA in respect otherwise dispose of any Collateral that is subject to this Agreement, unless:
(a) the Collateral is held by the Customer as inventory and is disposed of in the ordinary course of the Customer's business for full market value; or
(b) the Collateral is sold, withdrawn, transferred, assigned, leased or disposed of with the prior consent of the Secured Party.
PPSA registration. The Customer agrees:
4.1 Change name or address: The Customer will not change its name or address unless it has given the Secured Party 10 working days prior written notice of its intention to do so.
(a) that the Secured Party may register a financing statement under the PPSA in 4.2
PPSA registration. 5.1 The Buyer agrees that all Goods supplied by the Company will be subject to a security interest as that term is defined in the Personal Property Securities ▇▇▇ ▇▇▇▇ (PPSA) and will treat the security interest in the goods as continuing and subsisting security with priority over a registered general security and any unsecured creditors.
PPSA registration. (a) National PC may register any Security Interest on the Personal Property Securities Register (PPSR) in any manner it deems appropriate, and the Client agrees to do all things reasonably necessary to assist in this process, including signing documents and providing information.
PPSA registration. 9.1 The Hirer consents to LiteMUp effecting a registration on the PPSA register (in any manner LiteMUp considers appropriate) in relation to any security interest contemplated by this Contract and the Hirer agrees to provide all assistance reasonably required to facilitate this. The Hirer waives the right to receive notice of a verification statement in relation to any registration on the register.
PPSA registration. The Customer agrees: of title in respect of any Collateral to the Secured Party, on demand. Where any Collateral comprises investment securities, negotiable instruments or chattel paper for the purposes of the PPSA, the Customer will deliver such documents to the Secured Party, and/or take such steps as required by the Secured Party, to ensure that the Secured Party has possession of that collateral for the purposes of the PPSA.