The Hirer. (a) and the OWNER agree and acknowledge that by virtue of this Agreement: and the hire or bailment of the equipment, a PPS lease Security Interest is granted by the HIRER to the OWNER under the PPSA in the equipment, and (b) agrees to do anything that the OWNER reasonably requires to ensure that the OWNER has at all times a continuously perfected security interests over all of the equipment for the purposes of the PPSA.
Appears in 2 contracts
Samples: Conditions of Hire, Conditions of Hire
