Examples of PMSI in a sentence

In the first quarter of fiscal 2007, PharMerica Long Term Care (LTC), operating revenues were $318 million and PMSI operating revenues were $118 million.
Upon Debtor’s filing bankruptcy, Trustee gained the rights of a hypothetical lien creditor, which takes priority over an unperfected PMSI.
The Company's bank is willing to lend against these finance contracts as long as the Company has a perfected, purchase money security interest ("PMSI") in the products sold.
Cablemakers and purchaser acknowledge that a contract constitutes a Security Agreement and gives rise to a Purchase Money Security Interest (PMSI) in favor of Cablemakers over the goods supplied to the purchaser, as Grantor, pursuant to a contract, and over the Proceeds (including any sale monies or an account for such monies and insurance monies).
Important cautionary note here – if Debtor has senior bank financing, the Company should ask Debtor to confirm that the PMSI will not breach some covenant prohibiting either other debt or the granting of other liens.

More Definitions of PMSI

PMSI means a purchase money securities interest and has the meaning given in section 14 of the PPSA;

PMSI means a purchase money security interest as that term is defined in the PPSA.

PMSI means a purchase money security interest under section 14 of PPSA. “PPSA” means the Personal Property Securities Act 2009 and its Regulations. “Price” means the price stated in the order form.

PMSI means purchase-money security interests or purchase-money liens;

PMSI means a “purchase money security interest”, which has the meaning ascribed to that term by section 16 of the PPS Act;