Common use of PPSA & Security Interest Clause in Contracts

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.

PPSA & Security Interest. (a) This clause 5.4 applies to the extent that the this SFOA creates or evidences a security interest in equipment (and in proceeds of sale of equipment) including equipment to which we We retain ownership under clause 5.2(g), and Our Equipment, for the purposes of the Personal Property Securities Xxx 0000 Act 2009 (Cth) (‘PPSA’). The terms ‘accession,’ ‘perfected security interest,’ ‘security agreement,’ ‘security interest’, and ‘verification statement’ have the meanings given them in the PPSA.