Common use of PPSA rights Clause in Contracts

PPSA rights. 11.1 Defined terms in this clause have the same meaning as given to them in the PPSA. 11.2 Where clause 10.2 applies: (a) the terms of this Agreement are a Security Interest for the purposes of PPSA; (b) FOODBOSS TRANSPORT may register a Security Interest in the Goods (the “Collateral”) and their Proceeds on the Personal Property Securities Register (‘PPSR’). (c) for the purpose of any PPSR registration: (i) the Collateral will fall into the PPSA classification of “other Goods”; (ii) to the extent permissible at law the Customer waives its right to receive notification of any Verification Statement or Finance Change Statement and nothing in sections 130 and 143 of the PPSA apply to this Security Agreement; 11.3 Where clause 10.2 applies and to the extent permitted by law, and the Customer waives its right to any of the following: (a) receive notices pursuant to sections 95, 123, 130, 132(4), 132(3)(d) and 135 (b) object to purchase of the Collateral by the Secured Party under section 129; (c) redeem the Collateral under section 142; and (d) reinstate the Security Agreement under section 143.

PPSA rights. 11.1 13.1 Defined terms in this clause have the same meaning as given to them in the PPSA. 11.2 13.2 Where clause 10.2 12.2 applies: (a) the terms of this Agreement are a Security Interest for the purposes of PPSA; (b) FOODBOSS TRANSPORT COLDSTORAGE may register a Security Interest in the Goods (the “Collateral”) and their Proceeds on the Personal Property Securities Register (‘PPSR’). (c) for 13.3 For the purpose of any PPSR registration: (ia) the Collateral will fall into the PPSA classification of “other Goods”; (iib) to the extent permissible at law the Customer waives its right to receive notification of any Verification Statement or Finance Change Statement and nothing in sections 130 and 143 of the PPSA apply to this Security Agreement; 11.3 13.4 Where clause 10.2 12.2 applies and to the extent permitted by law, and the Customer waives its right to any of the following: (a) receive notices pursuant to sections 95, 123, 130, 132(4), 132(3)(d) and 135 (b) object to purchase of the Collateral by the Secured Party under section 129; (c) redeem the Collateral under section 142; and and (d) reinstate the Security Agreement under section 143.

PPSA rights. 11.1 Defined terms in this clause have the same meaning as given to them in the PPSA. 11.2 Where clause 10.2 applies: (a) the terms of this Agreement are a Security Interest for the purposes of PPSA; (b) FOODBOSS TRANSPORT may register a Security Interest in the Goods (the “Collateral”) and their Proceeds on the Personal Property Securities Register (‘PPSR’). (c) for the purpose of any PPSR registration: (i) the Collateral will fall into the PPSA classification of “other Goods”; (ii) to the extent permissible at law the Customer waives its right to receive notification of any Verification Statement or Finance Change Statement and nothing in sections 130 and 143 of the PPSA apply to this Security Agreement; 11.3 11.1 Where clause 10.2 applies and to the extent permitted by law, and the Customer waives its right to any of the following: (a) receive notices pursuant to sections 95, 123, 130, 132(4), 132(3)(d) and 135 (b) object to purchase of the Collateral by the Secured Party under section 129; (c) redeem the Collateral under section 142; and (d) reinstate the Security Agreement under section 143.