PPSA Australia definition

PPSA Australia means the Australian law Personal Property Securities ▇▇▇ ▇▇▇▇ (Cth) (or any successor statute) and the regulations thereunder.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

PPSA Australia means the Personal Property Security Act 2009 (Cth), (or any successor statute) and the regulations thereunder.

PPSA Australia means the Australian Personal Property Securities Act 2009 (Cth).

Examples of PPSA Australia in a sentence

• Neither a Secured Party nor any receiver or manager is obliged to give any notice under the PPSA Australia (including notice of a verification statement) unless the notice is required by the PPSA Australia and cannot be excluded.

• The Loan Parties consent to the waiver of the requirement for notice under any other provision of the PPSA Australia that a Secured Party may notify to a Loan Party after the date of this document and waives any rights it has to receive that notice.

• For the purposes of this clause, the following words and expressions have the same meanings given to them in the PPS Law (Australia): “financing change statement”, “financing statement” and “verification statement”, and “PPS Law (Australia)” means the Australian Personal Property Securities ▇▇▇ ▇▇▇▇ (Cth) (“PPSA Australia”) and any amendment made at any time to any other law, by-law or regulation as a consequence of the PPSA Australia.

• The Loan Parties consent to the waiver of the requirement for notice and waive any rights they have to receive a notice under sections 95, 118, 121(4), 125, 130, 132(3)(d), 132(4), 135 and 157 of the PPSA Australia.

• A representation under this §8.22(b) will not be incorrect or misleading if any Secured Party fails to take any action or effect any filing, registration, recording, execution or notarization which can only be taken or effected by it to enable a security interest (under and for the purposes of the PPSA (Australia)) to be perfected (other than by reason of the fault or negligence of the Loan Parties).

• Notwithstanding anything else herein to the contrary, no party hereto shall disclose any information of the kind referenced in section 275(1) of the PPSA Australia.

• If at any time the AUS-NZ Security Trustee receives money under a Loan Document that is available for distribution, whether or not it represents the proceeds of recovery action taken under any Loan Document, then the AUS-NZ Security Trustee must, subject to any Applicable Law to the contrary including section 140 of the PPSA Australia, distribute that money in accordance with this Agreement.

• In addition, other terms relating to Collateral used and not otherwise defined herein that are defined in the UCC, the PPSA, the PPSA Australia and/or the PPSA New Zealand shall have the meanings set forth in the UCC, the PPSA, the PPSA Australia and/or the PPSA New Zealand, as applicable and as the context requires.

• Terms (including uncapitalized terms) not otherwise defined herein and that are defined in the UCC, the PPSA (Canada) or the PPSA (Australia), as applicable, shall have the meanings therein described.

• For the purposes of this clause, the following words and expressions have the same meanings given to them in the PPSA Australia: "financing change statement", "financing statement" and "verification statement".

More Definitions of PPSA Australia

PPSA Australia means (a) the Personal Property Securities Act 2009 (Cth), (or any successor statute) and any regulation made at any time under the Personal Property Securities ▇▇▇ ▇▇▇▇ (Cth), including the Personal Property Securities Regulations 2009 (Cth) (each as amended from time to time); and (b) any amendment made at any time to any other legislation as a consequence of a law or regulation referred to in clause (a).

PPSA Australia means the Australian Personal Property Securities ▇▇▇ ▇▇▇▇ (Cth). “Prime Rate” shall mean, at any time, the rate of interest most recently announced by the Administrative Agent as its U.S. prime rate, with the understanding that the Prime Rate is one of

PPSA Australia means the Personal Property Securities A▇▇ ▇▇▇▇ (Cwlth.), as amended from time to time.

PPSA Australia means (a) the Personal Property Securities Act 2009 (Cth), (or any successor statute) and any regulation made at any time under the Personal Property Securities Act 2009 (Cth), including the Personal Property Securities Regulations 2009 (Cth) (each as amended from time to time); and (b) any amendment made at any time to any other legislation as a consequence of a law or regulation referred to in clause (a).

PPSA Australia means the Australian Personal Property Securities A▇▇ ▇▇▇▇ (Cth).

PPSA Australia means the Australian Personal Property Securities Act 2009 (Cth). “Prime Rate” shall mean, at any time, the rate of interest most recently announced by the Administrative Agent as its U.S. prime rate, with the understanding that the Prime Rate is one of the Administrative Agent’s base rates and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, and is evidenced by the recording thereof after its announcement in such internal publication or publications as the Administrative Agent may designate. Each per annum publicly announced from time to time by the Person acting as the Administrative Agent as its prime rate in effect at its principal office. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. The Administrative Agent or any Issuing Bank or Lender may make commercial loans or other loans at rates of interest at, above or below the Prime Rate. Any change in the Prime Rate shall betake effective on the dateat the opening of business on the day specified in the public announcement of such change is publicly announced as being effective. “Proceeding” shall have the meaning assigned to such term in Section 9.05(b). “PTE” shall mean a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” shall have the meaning assigned to such term in Section 5.04. “QFC” shall have the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). “QFC Credit Support” shall have the meaning provided in Section 9.25. “Qualified ECP Guarantor” shall mean, in respect of any Swap Obligation, each Loan Party that has total assets exceeding $10,000,000 at the time the relevant Guarantee or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other