Common use of Termination and repossession Clause in Contracts

Termination and repossession. Acting reasonably, We may terminate the Rental Contract and take immediate possession of the Vehicle if a breach of any part of sub-clause 13.1 has occurred. 14.1 You have no right to, or interest in, the Vehicle other than as a bailee and You must not endeavour to obtain any other right or interest by Yourself or Your nominee. 14.2 You acknowledge that the Rental Contract may create a security interest (Security Interest) (as that term is defined in the PPSA) in the Vehicle and that We may register the Security Interest on the Personal Property Securities Register.

Termination and repossession. Acting reasonably, We may terminate the Rental Contract and take immediate possession of the Vehicle if a breach of any part of sub-clause 13.1 12.1 has occurred. 14.1 13.1 You have no right to, or interest in, the Vehicle other than as a bailee and You must not endeavour to obtain any other right or interest by Yourself or Your nominee. 14.2 13.2 You acknowledge that the Rental Contract may create a security interest (Security Interest) (as that term is defined in the PPSA) in the Vehicle and that We may register the Security Interest on the Personal Property Securities Register.