Definition of PPSA

  1. PPSA means the Personal Property Security Act (Ontario), the Civil Code of Quebec or any other applicable Canadian Federal or Provincial statute pertaining to the granting, perfecting, priority or ranking of security interests, liens, hypothecs on personal property, and any successor statutes, together with any regulations thereunder, in each case as in effect from time to time. References to sections of the PPSA shall be construed to also refer to any successor sections.
  2. PPSA means the Personal Property Securities Act 2009 (Cth).

Examples of PPSA in a sentence

  1. Take all steps reasonably requested by Agent to protect Agents interest in the Collateral under the Federal Assignment of Claims Act, the Uniform Commercial Code, PPSA and all other Applicable Laws and deliver to Agent (or the Revolver Agent, as applicable) appropriately endorsed, any instrument or chattel paper connected with any Receivable arising out of contracts between such Loan Party and the United States, any state or any department, agency or instrumentality of any of them.
  2. Terms defined in the PPSA or the CCQ in effect on the Closing Date and not otherwise defined herein shall, unless the context otherwise indicates, have the meanings provided by those definitions.
  3. Parent is a corporation organized under the federal laws of Canada and MCC is a corporation organized under the laws of the Province of Ontario, and California is each Debtors location as determined in accordance with the PPSA.

Definition of PPSA in Credit Agreement

PPSA means the Personal Property Security Act as in effect in the provinces of Ontario, Nova Scotia and New Brunswick, as amended or modified from time to time.


Definition of PPSA in Security Agreement

PPSA means the Personal Property Security Act (Ontario), the Civil Code of Quebec or any other applicable Canadian Federal or Provincial statute pertaining to the granting, perfecting, priority or ranking of security interests, liens, hypothecs on personal property, and any successor statutes, together with any regulations thereunder, in each case as in effect from time to time. References to sections of the PPSA shall be construed to also refer to any successor sections.


Definition of PPSA in Amended and Restated Credit Agreement

PPSA means the Personal Property Security Act (Ontario), including the regulations thereto, provided that if perfection or the effect of perfection or non-perfection or the priority of any Lien created under any of the Credit Documents on the Collateral is governed by the personal property security legislation or other applicable legislation with respect to personal property security in effect in a jurisdiction in Canada other than the Province of Ontario, "PPSA" means the Personal Property Security Act or such other applicable legislation (including the Civil Code (of Quebec)) in effect from time to time in such other jurisdiction in Canada for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority.