Security Interest and Sub-Hire Sample Clauses

Security Interest and Sub-Hire. (a) The Hirer must not create, purport to create or permit to be created any “security interest” (as defined in PPSA) in the Equipment other than with the express written consent of REGROUP Australia.
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Security Interest and Sub-Hire. 10.1 The Customer must not create, purport to create or permit to be created any “security interest” (as defined in PPSA) in the Equipment other than with the express written consent of the Company.
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Related to Security Interest and Sub-Hire

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

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