Supply Agreement Credit Limit

Supply Agreement Credit Limit

11. The Personal Property Securities Act 2009 (“PPSA”) 11.1 In this clause, the declaration of financing, the declaration of financial amendment, the security agreement and the security interests are given to it by the PPSA. 11.2 With written consent to these terms and conditions, the customer acknowledges and accepts that these conditions constitute a guarantee contract for PPSA purposes and create a security interest for all goods and/or guarantees (account) – since this is a monetary obligation of the customer to the seller for services – which have been provided beforehand and which the seller will make available to the customer in the future. 11.3 The client undertakes (a) to immediately sign all other documents and/or other information (complete, accurate and current in all respects) that the seller may reasonably require; (i) register a financing statement or a statement of financing change regarding the interest of securities in the Register of Personnel Titles; (ii) to register all other documents that must be registered by the PPSA; or (iii) to remedy a defect in a statement referred to in point 11.3 (i) or 11.3(a) ii); (b) to compensate and reimburse, upon request, the seller for any costs incurred in registering a financing declaration or a declaration of financing change in the Register of Staff Title Holders set up by the PPSA or the release of the invoiced goods; (c) not to record a statement of financing change regarding an interest in securities without the seller`s prior written consent; (d) not to register or record a financing declaration or a declaration of financing change for goods and/or guarantees (account) for a third party without the seller`s prior written consent; (e) to inform the seller without delay of any substantial changes in its business practices during the sale of the goods, which would result in a change in the nature of the proceeds of those sales. 11.4 The Seller and the Customer agree that Sections 96, 115 and 125 PPSA do not apply to the security agreement established by these Terms and Conditions. 11.5 The customer waives his or her rights to receive notifications under paragraphs 95, 118, 121 (4, 130, 132 (3) (d) and 132 (4) of the PPSA. 11.6 The client waives his rights as a lessor and/or debtor under paragraphs 142 and 143 of the PPSA. 11.7 Unless the seller agrees in writing, the Client waives his right to receive a confirmation statement pursuant to Section 157 PPSA.