PPS Property definition

PPS Property means any property over which a security interest (as that term is defined under the PPSA) can be legally granted under the PPSA.
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PPS Property means all present and after-acquired property in relation to which you can be a grantor of a Security Interest that is subject to the PPSA, whether or not you have title to the property, including all PPSA Retention of Title Property (as defined in section 51F of the Corporations Xxx 0000 (Cth)); and “Non-PPS Property” means all your present and after-acquired property that is not PPS Property.
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PPS Property means all property (other than Excluded Property) over which the Borrower or a Security Provider is legally capable under the PPS Act of granting a security interest. Potential Event of Default means any thing which, with the giving of notice, lapse of time or determination of materiality, will constitute an Event of Default. Proceeds of Discount means, in relation to a Bxxx discounted or to be discounted by the Bank under this document, the amount derived by using the following formula: where: PD is the Proceeds of Discount of the Bxxx; FV is the Face Value of the Bxxx; DR is the Discount Rate in relation to the Funding Period for the Bxxx; and IP is the number of days in the Funding Period for that Bxxx including its Funding Date but excluding its Maturity Date. Quarter means each three month period ending on 31 March, 30 June, 30 September and 31 December in each year.
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Examples of PPS Property in a sentence

  • At such time as the Avon Lake Lot Split is completed, the Seller will deliver to Purchaser a Deed for the Avon Lake PP&S Property in the form that would have been delivered at Closing and subject only to the Permitted Liens that would have been in effect at Closing (other than the cross easements contemplated below) and the Lot Split Lease will terminate.

  • Seller shall provide drafts of the plats, easements and other documents defining the legal description of the Avon Lake PP&S Property and all access rights thereto not less than three Business Days prior to submission thereof to any Governmental Authority and shall consider in good faith any comments of Purchaser thereto.


More Definitions of PPS Property

PPS Property means all Secured Property in relation to which the Grantor can be a grantor of a PPS Security Interest, whether or not the Grantor has title to the property, including all PPS Retention of Title Property.
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PPS Property means all present and after-acquired property in relation to which a person can be a grantor of a Security Interest under the PPSA, whether or not a person has title to the property.
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PPS Property means any property over which a security interest (as that term is defined under the PPS Act) can be legally granted under the PPS Act. PPSR means the Personal Property Securities Register established under section 147 of the PPS Act. Qualify as a Driver Partner means an applicant that has successfully met all criteria set out by The Company, the criteria may change from time to time without notice and will be communicated with the Applicant when applicable. Real Time Rides (RTR) refers to the act of the Driver Partner activating the System using the Driver Partner User Interface provided by The Company.
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Related to PPS Property

  • Surplus property means excess personal property not required by any Federal agency as determined by the Administrator of the General Services Administration (GSA).

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  • Business Property means property on which a business is conducted, property rented in whole or in part to others, or held for rental.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • New property means (i) the assessed value, after final

  • Property means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

  • Covered Property is the address stated on your Agreement Coverage Summary Page. • “Domestic-grade” Items are those that were designated by the manufacturer, manufactured and marketed solely for installation and use in a residential single family dwelling.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • hazardous properties means radioactive, toxic or explosive properties.

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Assessed Property means any Parcel within the District against which an Assessment is levied.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Acquired Property shall have the meaning set forth in Section 5.1.10(h)(i) hereof.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Property, Plant and Equipment means any item of real property, or any interest therein, buildings, improvements and machinery.

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.