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PURCHASE MONEY SECURITY AGREEMENT TO TECH DATA CANADA CORPORATION hereinafter called the Secured Party GRANTED BY As general and continuing security for the payment of all obligations indebtedness and liabilities direct or indirect of the Undersigned to the Secured Party wheresoever and howsoever incurred and whether incurred before at the time of or after the execution hereof including extensions or renewals thereof including without restricting.

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Related content

Purchase-Money Security Agreement - SEC.gov
THIS PURCHASE-MONEY SECURITY AGREEMENT (as amended, restated or ... unincorporated...
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"Add on" Clauses in Equipment Purchase Money ......
purchase money security interest, an equipment seller wishing to achieve ... clauses...
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Trust Funds - California Department of Real Estate
All or part of an offeror's purchase money deposit in a real estate sales transaction...
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When filing for PMSI in inventory, you should take the following steps: File the UCC. Run a search to identify other secured party creditors. ... Send PMSI notices, which is a letter that will be sent to the identified secured party creditors. Deliver the inventory collateral.

The major difference between a PMSI and a non-PMSI is the manner in which the debtor acquires the collateral. If the debtor already owns the collateral that is pledged to the creditor, then the creditor's interest in the collateral is a non-PMSI.

For new equipment, as long as the financier pays the equipment vendor directly and files a UCC within 20 days, PMSI is automatically established. This is how most equipment financing deals work – the lender pays the manufacturer for the equipment directly, and the customer pays the lender back.

ing to UCC Article 9, a purchase money security interest (PMSI) is a special type of security interest that enables those who finance a debtor's acquisition of goods to acquire a first priority security interest in the purchase-money collateral.

In other words, a PMSI is created when a creditor loans money to a debtor to finance the purchase of certain goods. And in return, the debtor grants the creditor a security interest in those goods.

If you have a security interest, it will generally be a PMSI when the money you've lent or credit you've given is for the purpose of funding all or part of the purchase price of the personal property.

Common examples of arrangements that give the security interest holder a PMSI include: Secured property loans - where you enter into an agreement to lend money to finance the purchase of specific goods[?] (such as a car) that secure repayment of the loan.

To start, PMSI is an acronym for “Purchase Money Security Interest”, and is very important for lenders, especially those who finance equipment purchases. Essentially, what it means is the lender who pays for the equipment has first claim on it in a loan default / repossession scenario.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232