PPS Register definition
Examples of PPS Register in a sentence
PPS Register means the Personal Property Securities Register established under section 147 of the PPS Act.
Amcor may register any security interest contemplated by these Terms and/or any related order or contract on the PPS Register (as defined in the PPSA).
If the Seller believes that a Security Interest arises under these Terms and Conditions or otherwise, the Seller must notify the Company at least 7 days before the Seller takes steps to register such Security Interest on the PPS Register.
You acknowledge that by assenting to this Credit Agreement, which constitutes a security agreement for the purposes of the PPS Act, you grant us a security interest in all Goods (and their proceeds) now or in the future supplied by us to you (or to your account).consent to Rexel registering on the PPS Register, a security interest in all and any of sale of Goods and/or Services under this Credit Agreement, including all of the Customer’s present and -after acquired property.
If the details held by the relevant existing public register in relation to a transitional security interest are incorrect or insufficient or if, as a result of human or systemic error those details were not properly migrated to the PPS Register, or there is not a separate registration within the two year period, there is a risk that other persons with competing interests in the personal property may take free of that security interest because it will not have been perfected.