PPSR Secured Party Group (SPG) Setup and Maintenance

1        The following terms & conditions relate specifically to SPG setup and maintenance, you agree to be bound by the following conditions if using SPG setup and maintenance:-

 

.            You are authorised to setup or maintain SPGs on behalf of your organisation, and on behalf of the Secured Parties represented therein

.            You are authorised to import SPG information from the PPSR to GlobalX

.            You are authorised to transfer SPG information from GlobalX to the PPSR

.            You have the authority to transfer all registrations held by any SPGs assign to you

.            You acknowledge the suspension and termination in the PPSR General Customer Terms and Conditions of Use clauses 19 and 20

 

2        You indemnify us against any loss, damage, cost, expense, claim, proceeding or liability of any kind that we (or our personnel) may incur, that arises out of or in connection with, your use (including unauthorised use except to the extent that such use could not have reasonably been prevented by you) of or access to your Account, or the lawful exercise of our rights pursuant to these PPSR Secured Party Group (SPG) Setup and Maintenance and PPSR General Customer Terms and Conditions.

 

3        These terms & conditions must be read in conjunction with the PPSR General Customer Terms & Conditions of Use and the GlobalX Terms & Conditions of Use as available at the Legal & Privacy section of the website.

 

4        You agree that while using GlobalX's (B2G) PPSR services, GlobalX will not be deemed to be the Applicant under any circumstances and is simply providing an interface to allow You to register information on the PPSR. You also agree that if GlobalX is contacted as the Applicant, that these enquiries will be forwarded directly to You and that You will immediately ensure you indemnify GlobalX to the enquiring party and take ownership of the application.

In the event that GlobalX incurs any costs associated with defending your application (including legal costs), you hereby indemnify GlobalX for such costs and accept liability for any costs incurred.