Common use of Movable Property Clause in Contracts

Movable Property. All movable property owned by the Grantor and covered by the instalment sales mentioned in paragraph 4.5.3 hereof. A right or a claim shall not be excluded from the Charged property merely because: (i) the debtor thereof is not domiciled in the Province of Quebec or (ii) the debtor thereof is an affiliate (as such term is defined in the Canada Business Corporations Act) of the Grantor (regardless of the law of the jurisdiction of its incorporation) or (iii) such right or claim is not related to the ordinary course of business or the operations of the Grantor.

Movable Property. All movable property owned by the Grantor and covered by the instalment installment or conditional sales mentioned in paragraph 4.5.3 3.2.3 hereof. A right or a claim shall not be excluded from the Charged property merely becauseProperty by reason of the fact that: (i) the debtor thereof is not domiciled in outside the Province of Quebec Québec or (ii) the debtor thereof is an affiliate (as such term is defined in the Canada Business Corporations Act) of the Grantor (regardless of the law of the jurisdiction of its incorporation) or (iii) such right or claim is not related to the operation of the Grantor or (iv) such right or claim is not related to the ordinary course of business or the operations of the Grantor.