Broad Capital Acquisition Ltd Watch

from S-4/A 35 pages Page No. 1 Definitions and Interpretation 1 1.1 Definitions 1 1.2 Interpretation 5 1.3 Incorporation of Other Defined Terms 6 1.4 Ppsa Incorporated Definitions 6 1.5 Multiple Grantors 6 1.6 Consents and Opinion 6 2 Grant of Security 7 2.1 Security 7 2.2 Nature of Security Interest 7 2.3 Non-Ppsa Collateral 7 2.4 Priority of Security Interest 7 2.5 Consideration 7 2.6 Variations 7 3 Dealing With Collateral 7 3.1 Restricted Dealings With Collateral 7 3.2 Permitted Dealings 8 3.3 Revolving Assets 8 3.4 Conversion to Revolving Assets 9 3.5 Inventory 9 4 Discharge 9 5 General Representations and Warranties 9 5.1 Representations and Warranties 9 5.2 Reliance 10 5.3 Representations and Warranties Repeated 10 6 Undertakings 10 6.1 Performance Under the Facility Documents 10 6.2 Default 10 6.3 Information 10 6.4 Rates and Taxes 10 6.5 Title Documents 10 6.6 Collateral 11 6.7 After-Acquired Property 12 6.8 Control 12 6.9 Correct Information 12 6.10 Term of Undertakings 12 7 Collection Account 12 7.1 Collection Account 12 7.2 Operation of Collection Account 12 7.3 Collection Account - Further Assurances 13 7.4 Control 13 7.5 Collection of Book Debts 13 7.6 Collection of Book Debts Following an Event of Default 13 8 Further Assurances 13 9 Enforcement 14 9.1 Powers on Enforcement 14 9.2 Receivership 14 9.3 Terms of Receivership 14 9.4 Agency of Receiver 14 9.5 Status of Receiver After Commencement of Winding-Up 14 9.6 Powers on Enforcement 15 9.7 Termination 17 9.8 Investigation of Default 17 10 Power of Attorney 17 11 Inspection 18