PPS Property definition
PPS Property means any property over which a security interest (as that term is defined under the PPSA) can be legally granted under the PPSA.
PPS Property means all present and after-acquired property in relation to which a person can be a grantor of a Security Interest under the PPSA, whether or not a person has title to the property.
PPS Property means all present and after-acquired property in relation to which a Loan Party can be the grantor of a Security Interest under the PPS Act, whether or not that Loan Party has title to the property, including all PPS retention of title property (as defined in 51F of the Corporations Act).
Examples of PPS Property in a sentence
Seller shall provide drafts of the plats, easements and other documents defining the legal description of the Avon Lake PP&S Property and all access rights thereto not less than three Business Days prior to submission thereof to any Governmental Authority and shall consider in good faith any comments of Purchaser thereto.
At such time as the Avon Lake Lot Split is completed, the Seller will deliver to Purchaser a Deed for the Avon Lake PP&S Property in the form that would have been delivered at Closing and subject only to the Permitted Liens that would have been in effect at Closing (other than the cross easements contemplated below) and the Lot Split Lease will terminate.
More Definitions of PPS Property
PPS Property means all property (other than Excluded Property) over which the Borrower or a Security Provider is legally capable under the PPS Act of granting a security interest. Potential Event of Default means any thing which, with the giving of notice, lapse of time or determination of materiality, will constitute an Event of Default. Proceeds of Discount means, in relation to a B▇▇▇ discounted or to be discounted by the Bank under this document, the amount derived by using the following formula: where: PD is the Proceeds of Discount of the B▇▇▇; FV is the Face Value of the B▇▇▇; DR is the Discount Rate in relation to the Funding Period for the B▇▇▇; and IP is the number of days in the Funding Period for that B▇▇▇ including its Funding Date but excluding its Maturity Date. Quarter means each three month period ending on 31 March, 30 June, 30 September and 31 December in each year.
PPS Property means any property over which a security interest (as that term is defined under the PPS Act) can be legally granted under the PPS Act. PPSR means the Personal Property Securities Register established under section 147 of the PPS Act. Qualify as a Driver Partner means an applicant that has successfully met all criteria set out by The Company, the criteria may change from time to time without notice and will be communicated with the Applicant when applicable. Real Time Rides (RTR) refers to the act of the Driver Partner activating the System using the Driver Partner User Interface provided by The Company.
PPS Property means all Secured Property in relation to which the Grantor can be a grantor of a PPS Security Interest, whether or not the Grantor has title to the property, including all PPS Retention of Title Property.
PPS Property means every legal or equitable estate or interest that a party (the Grantor) may have in all present and after acquired property in relation to which the Grantor has rights.