Personal Property Security Act definition

Personal Property Security Act means the Personal Property Security Act (Alberta) and all other applicable personal property security acts or legislation now or hereafter enacted in any other applicable jurisdiction in Canada or in any province thereof in which the Collateral may be located.

Personal Property Security Act means the Personal Property Security Act (Ontario) and any successor or replacement legislation thereto.

Personal Property Security Act means the Personal Property Security Act (Ontario), as amended from time to time, or in the case of any tangible asset located in a Canadian province other than Ontario, the corresponding statute in that province.

Examples of Personal Property Security Act in a sentence

• Register a notice of security interest pursuant to the New Brunswick Personal Property Security Act (“PPSA”) or in Quebec, the Register of Personal Movable Real Rights (“RPMRR”) prior to the advance.

• Notwithstanding the foregoing, the Issuer shall not be required to make any filings, registrations or recordation in Mexico or under any Provincial Personal Property Security Act or other non-federal legislation in Canada.

• All deposits or credits to my account or a linked deposit account to which the Overdraft Protection is attached will constitute a payment on the Overdraft Protection and for the purposes of The Personal Property Security Act shall constitute a debtor initiated payment.

• The Contractor shall promptly execute and deliver to the Owner, from time to time as the Owner may require, any further documentation required to identify, evidence, perfect or protect the Owner’s interest in the Products including without limitation, any registrations pursuant to the Personal Property Security Act (Ontario).

• Unless expressly provided for in one or more supplements to this Indenture entered into pursuant to the terms of this Indenture, nothing in this Indenture or the Securities shall be construed to constitute a security interest under the Uniform Commercial Code, Personal Property Security Act or similar legislation, as now or hereafter enacted and in effect in any jurisdiction where property of the Corporation is or may be located.

More Definitions of Personal Property Security Act

Personal Property Security Act means the Personal Property Security Act (Ontario) and other personal property security legislation of the applicable Canadian province or provinces in respect of the Borrower or the Collateral (including the Civil Code of Quebec and the regulation respecting the registration of personal and movable real rights promulgated thereunder) as all such legislation now exists or may from time to time hereafter be amended, modified, recodified, supplemented or replaced, together with all rules, regulations and interpretations thereunder or related thereto.

Personal Property Security Act or “PPSA” means the Personal Property Security Act (Ontario) and the regulations thereunder, as from time to time in effect, provided, however, if attachment, perfection or priority of Agent’s security interests in any Collateral are governed by the personal property security laws of any jurisdiction other than Ontario, PPSA shall mean those personal property security laws in such other jurisdiction for the purposes of the provisions hereof relating to such attachment, perfection or priority and for the definitions related to such provisions.

Personal Property Security Act and “PPSA” means the Personal Property Security Act (Ontario) and any successor or replacement legislation thereto, together with the personal property security laws or laws relating to movable property applicable in any province or territory of Canada.

Personal Property Security Act means the Personal Property Security Act (Ontario) and the Regulations thereunder, as from time to time in effect, provided, however, if attachment, perfection or priority of Lender’s security interests in any collateral are governed by the personal property security laws of any jurisdiction other than Ontario, PPSA shall mean those personal property security laws in such other jurisdiction for the purposes of the provisions hereof relating to such attachment, perfection or priority and for the definitions related to such provisions.

Personal Property Security Act. (Alberta)" means the Personal Property Security Act, R.S.A. 2000, c. P-7, as amended, including the regulations made and, from time to time, in force under that Act.

Personal Property Security Act means the Personal Property Security Act (or equivalent statute) as in effect from time to time in the Province of Ontario, Canada, or such other Province of Canada (including the Civil Code of Quebec).

Personal Property Security Act or “PPSA” means the Personal Property Security Act (or equivalent statute) as in effect from time to time in the Province of Ontario, Canada; provided, however, that, at any time, if by reason of mandatory provisions of law, any or all of the perfection or priority of a collateral agent’s security interest in any item or portion of the Collateral is governed by the Personal Property Security Act (or equivalent statute, including the Civil Code of Quebec) as in effect in a jurisdiction other than the Province of Ontario, Canada, the term “Personal Property Security Act” shall mean the Personal Property Security Act (or equivalent statute, including the Civil Code of Quebec) as in effect, at such time, in such other jurisdiction for purposes of the provisions hereof relating to such perfection or priority and for purposes of definitions relating to such provisions.