Personal Property Security Act definition

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.
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 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.

Examples of Personal Property Security Act in a sentence

  • The Lessee agrees to the registration of any and all financing statements and financing change statements pertaining to this Agreement under the Personal Property Security Act (Ontario).

  • To the extent this Lease creates a security interest, such security interest is a purchase money security interest (as the terms “security interest” and “purchase money security interest” are used in the Personal Property Security Act (Ontario)) and shall be interpreted with similar effect under analogous legislation in force in any other relevant jurisdiction.

  • BD’s rights and privileges with respect to the repossession and resale of the BD Product and disposition of the proceeds thereof shall include, without limitation, those rights and privileges granted to a secured party by the Personal Property Security Act (Ontario).


More Definitions of Personal Property Security Act

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 Ontario Personal Property Security Act, as amended from time to time.
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.
Personal Property Security Act means the Personal Property Security Act 2011; “Personal Property Security Registrar” means the registrar under the Personal Property
Personal Property Security Act or “PPSA NZ” means the Personal Property Securities Act 1999 when applicable (p) “Services” means the whole of the Services provided by the Company to the Customer and all Incidental Matters to the provision of Services including but not limited to customs clearance, freight forwarding, packing, unpacking, de-stuffing and deconsolidation road, rail, sea and air carriage, storage, logistics, warehousing and distribution and break bulk handling of Goods and containers on behalf of the Customer and any other services provided by the Company; (q) “Small Business Contract” means a standard form small business contract as defined in section 23(3) of Schedule 2 of the Competition and Consumer Act 2010 (Cth) (r) “Subcontractor” means any person, their servants, or agents, who, pursuant to a contract or arrangement with any other person (whether or not the Company), provides or agrees to provide the Services or any part of the Services and includes subcontractors of the subcontractor; (s) “VGM” means verified gross mass as set out in Chapter VI, Part A, regulation 2 of SOLAS and given effect in Australian Law by Marine Order 42 (Cargo, stowage and securing) 2014 (order 2014/11) or New Zealand Law by Maritimes Rules Part 24B (Carriage of Cargoes – Stowage and Securing (t) "Warsaw Convention" means the Convention for the Unification of Certain Rules Relating to International Carriage by Air dated 12 October 1929 as amended at the Hague, 1955 and supplemented by the Guadalajara Convention dated 18 September 1961, and the Montreal Protocol No.4 as applied respectively by the legislation of the Commonwealth of Australia and New Zealand.