Common use of Personal Property Securities Xxx 0000 Clause in Contracts

Personal Property Securities Xxx 0000. 28.1 The Borrower hereby irrevocably authorises the Corporation, its agents, solicitors, officers, employees and service providers to: (a) apply for and effect (in any manner the Corporation considers necessary or appropriate) any registration of a financing statement on the PPSA Register in connection with any PPSA Security Interest created or expressed to be created under this Agreement; (b) complete any document associated with this Agreement, including any financing statement or financing change statement; and (c) recover from the Borrower, at the Corporation’s absolute discretion, any costs incurred by the Corporation in relation to the abovementioned matters. 28.2 (a) The Parties contract out of each provision of the PPSA that section 115 of the PPSA permits parties to contract out of. (b) To the extent permitted by section 275 of the PPSA, the Parties agree to keep all information of the kind described in section 275(1) of the PPSA confidential and not to disclose any such information to any other person except where such disclosure is otherwise permitted or authorised under this Agreement or an Existing Facility Agreement. (c) The Parties agree that a receiver or receivers appointed under section 6.22 of the Local Government Act need not give any notice required under any provision of the PPSA.