Canadian PPSL definition
Canadian PPSL means Canadian provincial, territorial or federal personal property security laws that are applicable to Collateral or a Loan Party.
Canadian PPSL means applicable Canadian personal or movable property security legislation as in effect from time to time in any province or territory of Canada.
Examples of Canadian PPSL in a sentence
Agent, Canadian Agent and each Lender hereby appoint each other Lender as agent for the purpose of perfecting Agent’s security interest in assets which, in accordance with the UCC or Canadian PPSL (with respect to Canadian PPSL Collateral) in any applicable jurisdiction, can be perfected by possession or control.
Agent and each Lender hereby appoint each other Lender as agent for the purpose of perfecting Agent’s security interest in assets which, in accordance with the Uniform Commercial Code or Canadian PPSL, as applicable, in any applicable jurisdiction, can be perfected by possession or Control.