PPSA definition

PPSA means the Personal Property Security Act (Ontario) (or any successor statute) or similar legislation (including the Civil Code of Quebec) of any other Canadian jurisdiction the laws of which are required by such legislation to be applied in connection with the issue, perfection, effect of perfection, enforcement, enforceability, opposability, validity or effect of security interests or other applicable lien.

Examples of PPSA in a sentence

Proceeds on disposition of the property will be distributed in accordance with the PPSA.
Unless otherwise agreed to in writing by PPBL, the Customer waives its right to receive a verification statement in accordance with section 148 of the PPSA.
If we make any payments for repairs, insurance, to defend claims against the property or to register, renew or maintain our security interest under the PPSA, you will reimburse us, with interest, when we ask.
You acknowledge receiving a completely filled in copy of it and waive your right to receive a verification statement regarding registration of our security interest under the PPSA.
The Customer waives its rights as a debtor under sections 116, 120(2), 121, 125, 126, 127, 129, 131 and 132 of the PPSA.

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.