Common use of Replacement Property Clause in Contracts

Replacement Property. All Hypothecated Property which is acquired, transformed or manufactured after the date of this Deed shall be charged by the Hypothec, (i) whether or not such property has been acquired in replacement of other Hypothecated Property which may have been alienated by the Grantor in the ordinary course of business, (ii) whether or not such property results from a transformation, mixture or combination of any Hypothecated Property, and (iii) in the case of Securities, whether or not they have been issued pursuant to the purchase, redemption, conversion or cancellation or any other transformation of the Securities charged hereunder and without the Attorney being required to register or re- register any notice whatsoever, the object of the Hypothec being a universality of present and future property.

Replacement Property. All Hypothecated Any and all Charged Property which is acquired, transformed or manufactured after the date of this Deed shall be charged by the HypothecHypothecs, (i) whether or not such property has been acquired in replacement of other Hypothecated Charged Property which may have been alienated by the Grantor in the ordinary course of business, (ii) whether or not such property results from a transformation, mixture or combination of any Hypothecated Charged Property, and (iii) in the case of Securities, whether or not they have been issued pursuant to the purchase, redemption, conversion or cancellation or any other transformation of the charged Securities charged hereunder and without the Attorney being required to register or re- re-register any notice whatsoever, the object of the Hypothec property hypothecated under this Deed being a universality of present and future property.

Replacement Property. All Hypothecated Property which is acquired, transformed or manufactured after the date of this Deed shall be charged by the Hypothec, (i) whether or not such property has been acquired in replacement of other Hypothecated Property which may have been alienated by the Grantor in the ordinary course of business, (ii) whether or not such property results from a transformation, mixture or combination of any Hypothecated Property, and (iii) in the case of Securities, whether or not they have been issued pursuant to the purchase, redemption, conversion or cancellation or any other transformation of the Securities charged hereunder and without the Attorney being required to register or re- re-register any notice whatsoever, the object of the Hypothec being a universality of present and future property.