Personal Property Security. As security for the Lessee Obligations, Lessee hereby irrevocably and unconditionally assigns and grants to Lessor, for the benefit of the Lessor Parties, a security interest in all estate, right, title and interest of Lessee in the following property, whether now owned or leased or hereafter acquired, (collectively, the "Personal Property Collateral"):
Personal Property Security. (a) If the Supplier is supplying Goods, the Supplier grants a Security Interest in the Goods so as to secure performance of its obligations under this agreement and any payment of the Price made by the Contractor.
Personal Property Security. Client will not be responsible for the loss, theft, or damage of the equipment, supplies or other property of Renter, any Renter Party, or any Event guest. Renter and such persons assume the risk of all such losses.
Personal Property Security. 11.1 This clause is to be interpreted and applied in accordance with the Personal Property Securities Xxx 0000 (PPSA).
Personal Property Security. The Guarantor Security Documents create, in favour of the Collateral Agent for the benefit of the Secured Creditors, a valid and enforceable perfected security interest in and Lien on all of the property and assets of the Guarantor, superior to and prior to the rights and Liens of all third Persons and subject to no other Liens. Except as have been obtained or made, no consents, filings or recordings are required to maintain the perfection and priority of the security interests purported to be created by the Guarantor Security Documents.
Personal Property Security a. In this clause PPS Act means the Personal Property Securities Act 2009 (Cth) as amended, repealed or replaced from time to time.
Personal Property Security. CCC agrees to provide lockers or locked area accessible only to staff of the program area or worksite, for the purposes of securing personal property where possible. In the absence of secure areas for personal property, CCC agrees to reimburse the employee the fair market value for any stolen personal property, provided the employee had a reasonable reason to bring the item into the workplace.
Personal Property Security. The personal property security interests granted to Lender in the Loan Documents shall have been or be capable of being duly perfected in a first lien position on all of the Subsidiaries' accounts receivable and a second lien on all other assets of the Subsidiaries immediately after the Effective Date. The priority lien on the Subsidiaries' accounts receivable by the Lender and the first lien on all other assets by Fleet Business Credit Corporation ("Fleet") are more fully described in the Intercreditor Agreement by and between Lender and Fleet. The lien obtained by Fleet in the assets of the Subsidiaries shall be referred to as the "Fleet Lien."
Personal Property Security. 23.1 In this clause ‘amendment demand’, ‘attaches’, ‘financing statement’, ‘financing change statement’, ‘security agreement’, ‘security interest’ and ‘verification statement’ have the meanings given to them by the PPSA.
Personal Property Security. Privacy Employees' personal property such as briefcases, purses, clothing, packages, backpacks, etc., will not be the subject of search or seizure by the employer. Should the employer believe that an employee has inappropriately placed agency property, goods, or materials inside of the employee’s personal property, the employer may ask the employee to voluntarily agree to an inspection of their personal property. When the employer asks an employee to voluntarily allow for a search of their personal belongings, the employer is required to tell the employee why they want to search the employee’s personal belongings. The employer will tell the employee that a refusal to search may mean that a local police agency may be requested to perform the search regardless of the employee’s preferences. If the employee refuses to voluntarily allow the employer to inspect their personal property, the employer may submit a request to a local police agency asking them to conduct the search of the employee’s personal property. If the employer decides to request such a search from a local police agency, they must notify the employee of the potential consequences of leaving the facility prior to the inspection An employee’s refusal to wait for the arrival of the police for a reasonable amount of time, after being notified that such call has been made, may be subject to disciplinary action at the discretion of the agency. The employer must explain to the police agency what the basis of their reasoning is for suspecting that the employee is attempting to unlawfully remove property, goods, or materials of the agency. The police agency shall then determine if it has probable cause to initiate a search of the employee’s personal property. If the police agency determines it has cause for the inspection, then the employee will submit their property to inspection. If the police agency determines that there is not sufficient cause, then the employee will be allowed to remove their property without inspection or discipline.
