PMSI definition

PMSI means a purchase money security interest as defined in section 14 of the PPSA.

PMSI means a purchase money security interest as defined by the PPSA.

PMSI means a purchase-money security interest under the Personal Property Security Act;

Examples of PMSI in a sentence

• The Customer must do anything reasonably required by the Company to enable the Company to register the security interest as a PMSI and to maintain that registration.

• Section 134 allows a secured party to retain collateral in satisfaction of the obligations secured, however the notice which must be given to other secured parties differs depending on whether they hold a PMSI or other security interest.

• For the avoidance of doubt, this Security Interest is also a Purchase Money Security Interest (PMSI) in the Collateral.

• If the Company considers that it has or may have a security interest that is not a PMSI in relation to any Goods, it may register a financing statement in respect of that security interest (and that financing statement may be in addition to a financing statement registered by the Company in relation to a PMSI in the same Goods).

• The three common ways of doing so are (1) filing a financing statement, (2) pledging collateral, and (3) taking a purchase-money security interest (PMSI) in consumer goods.

More Definitions of PMSI

PMSI means a purchase money security interest as defined in Section 9-312 of the Uniform Commercial Code.

PMSI has the meaning of the term “Purchase Money Security Interest” on the PPSA.

PMSI. = a Purchase Money Security Interest as defined in the PPS Law.

PMSI means a purchase money securities interest and has the meaning given in section 14 of the PPSA;

PMSI means purchase-money security interests or purchase-money liens;

PMSI means a purchase money security interest as that term is defined in the PPSA.

PMSI means a purchase money security interest as defined in the PPSA. PPSR means the Personal Property Securities Register.