PPSA & Security Interest Sample Clauses

PPSA & Security Interest. 5.4.1 This clause applies to the extent that the Agreement creates or evidences a security interest in Equipment (and in proceeds of sale Equipment) including Equipment to which we retain ownership under clause 6.2, and Our Equipment, for the purposes of the Personal Property Securities Xxx 0000 (Cth) ('PPSA'). The terms 'accession,' 'perfected security interest,' 'security agreement,' 'security interest', and 'verification statement' have the meanings given them in the PPSA.
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PPSA & Security Interest. (a) This clause 5.4 applies to the extent that the SFOA creates or evidences a security interest in equipment (and in proceeds of sale of equipment) including equipment to which we retain ownership under clause 5.2(g), and Our Equipment, for the purposes of the Personal Property Securities Xxx 0000 (Cth) (‘PPSA’). The terms ‘accession,’ ‘perfected security interest,’ ‘security agreement,’ ‘security interest’, and ‘verification statement’ have the meanings given them in the PPSA.
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PPSA & Security Interest. The Purchaser agrees to grant TOMRA a security interest in the Goods that are the subject of the above Agreement, and their proceeds to secure the obligation of the Purchaser to pay the purchase price of the Goods and any other obligations of the Purchaser to TOMRA under this Agreement (together "the Indebtedness"). As and when required by TOMRA, the Purchaser shall, at its own expense, provide all reasonable assistance and relevant information including providing TOMRA with its incorporation number to enable TOMRA to register a Financing Statement or Financing Change Statement and generally to obtain, maintain, register and enforce TOMRA's security interest in respect of the goods supplied, in accordance with: a) for New Zealand the Personal Property Securities Act 1999 and b) for Australia the Personal Property Securities Act 2009 (Cth) ("PPSA"). The Purchaser shall not change its name without first notifying TOMRA of the new name not less than 7 days before the change takes effect. Until the Purchaser has paid all money owing to TOMRA the Purchaser shall at all times ensure that: (a) the Goods supplied by TOMRA, while in the Purchaser's possession, can be readily identified and distinguished; and/or (b) all proceeds (in whatever form) that the Purchaser receives from the sale of any of the Goods are readily identifiable and traceable, including as proceeds all present and after acquired accounts receivable, negotiable instruments, chattel paper, money and goods. Until the Purchaser has paid all money owing to TOMRA under this Agreement, the Purchaser shall not sell or grant a security interest in the goods without TOMRA's written consent. The Purchaser waives its right to receive a verification statement in respect of any financing statement or financing change statement registered by or on behalf of TOMRA in respect of the security interest created by this Agreement.
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PPSA & Security Interest. 10.1 In consideration of NCA supplying the Goods in accordance with these terms and conditions, the Customer shall grant at the request of NCA a security interest to all the Customer’s present and after acquired property to secure the obligation of the Customer to pay the price in full of the Goods and the performance by the Customer of any other obligations of the Customer under the Agreement.
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PPSA & Security Interest. 6.1 In consideration of NAGS supplying the Goods in accordance with these terms and conditions, the Customer shall grant at the request of NAGS, a security interest to all the Customer’s present and after acquired property to secure the obligation of the Customer to pay the price in full of the Goods and the performance by the Customer of any other obligations of the Customer under the Agreement.
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PPSA & Security Interest. 18.13.1 Upon signing this agreement the Provider:
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PPSA & Security Interest. You acknowledge and agree that:
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PPSA & Security Interest. 28.1. Retention of title, as described in clause 12, shall constitute a PMSI by the Customer in favour of USA in respect of all present and after-acquired Equipment supplied to the Customer by USA.
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PPSA & Security Interest. 9.1 The Customer grants to Ultra Flow Ltd a Security Interest in the goods and their Proceeds to secure the obligation of the Customer to pay the purchase price of the goods and any other obligations of the Customer to Ultra Flow Ltd under this contract (together "the Indebtedness") and, where the goods and/or Proceeds are not readily identifiable and/or traceable or their recoverable value is insufficient to pay the indebtedness, the security interest shall also extend to all the Customers present and after acquired beer equipment and services, of which the goods form part, to the extent required to secure the Indebtedness.
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Related to PPSA & Security Interest

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

  • Security Interest Absolute All rights of the Secured Party and all Obligations of the Company hereunder, shall be absolute and unconditional, irrespective of: (a) any lack of validity or enforceability of this Agreement, the Notes, the Warrants or any agreement entered into in connection with the foregoing, or any portion hereof or thereof; (b) any change in the time, manner or place of payment or performance of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Notes, the Warrants or any other agreement entered into in connection with the foregoing; (c) any exchange, release or nonperfection of any of the Intellectual Property, or any release or amendment or waiver of or consent to departure from any other Intellectual Property for, or any guaranty, or any other security, for all or any of the Obligations; (d) any action by the Secured Party to obtain, adjust, settle and cancel in its sole discretion any insurance claims or matters made or arising in connection with the Intellectual Property; or (e) any other circumstance which might otherwise constitute any legal or equitable defense available to the Company, or a discharge of all or any part of the Security Interest granted hereby. Until the Obligations shall have been paid and performed in full, the rights of the Secured Party shall continue even if the Obligations are barred for any reason, including, without limitation, the running of the statute of limitations or bankruptcy. The Company expressly waives presentment, protest, notice of protest, demand, notice of nonpayment and demand for performance. In the event that at any time any transfer of any Intellectual Property or any payment received by the Secured Party hereunder shall be deemed by final order of a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under the bankruptcy or insolvency laws of the United States, or shall be deemed to be otherwise due to any party other than the Secured Party, then, in any such event, the Company's obligations hereunder shall survive cancellation of this Agreement, and shall not be discharged or satisfied by any prior payment thereof and/or cancellation of this Agreement, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof. The Company waives all right to require the Secured Party to proceed against any other person or to apply any Intellectual Property which the Secured Party may hold at any time, or to marshal assets, or to pursue any other remedy. The Company waives any defense arising by reason of the application of the statute of limitations to any obligation secured hereby.

  • Lien 22.1. The Company shall have a general lien on all funds held by the Company on the Client’s behalf until the satisfaction of the Client’s obligations.

  • Collateral Each of the Banks represents to the Agent and each of the other Banks that it in good faith is not relying upon any "margin stock" (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for in this Agreement.

  • Grant of Security Interest All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts with the Administrative Agent. The Borrower, and to the extent provided by any Lender or Defaulting Lender, such Lender or Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Lender and the L/C Lenders, and agrees to maintain, a first priority security interest and Lien in all such Cash Collateral and in all proceeds thereof, as security for the Obligations to which such Cash Collateral may be applied pursuant to Section 3.10(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or any Issuing Lender as herein provided, or that the total amount of such Cash Collateral is less than 105% of the applicable L/C Exposure, Fronting Exposure and other Obligations secured thereby, the Borrower or the relevant Lender or Defaulting Lender, as applicable, will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by such Defaulting Lender).

  • No Security Interest Holders shall have no security interest in any of the Company’s assets or other collateral. Nothing in this Revenue Sharing Agreement or in the Notes, express or implied, shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, now in eRect or hereafler enacted and made effective, in any jurisdiction.

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