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is disposed of in the ordinary course of the Customer's business for full market value; or (b) the Collateral is sold, withdrawn, transferred, assigned, leased or disposed of with the prior consent of the Secured Party.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.
Appears in 3 contracts
Samples: Security Agreement, Security Agreement, Security Agreement
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 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(b) the Collateral is sold, withdrawn, transferred, assigned, leased or disposed of with the prior consent of the Secured Party.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.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, 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.manner.
Appears in 3 contracts
Samples: Security Agreement, Security Agreement, Security Agreement