Movable Hypothec definition

Movable Hypothec means the Movable Hypothec with delivery of the Non-registered Annuity Contract hypothecated by the Borrower in favour of iA Financial Group under this Loan Agreement. The provisions pertaining to Movable Hypothec apply only if the Borrower is a resident of Quebec;
View Source
Movable Hypothec means the movable hypothec over All Assets located or deemed by law to be located in the Province of Quebec and an application for the registration thereof at the Quebec Register of Personal and Movable Real Rights, substantially in the form of EXHIBIT H attached hereto.
View Source
Movable Hypothec means, collectively, (a) the Movable Hypothec executed or to be executed by Clean Harbors Mercier, Inc., a Quebec corporation, pursuant to which it pledges the bond issued or to be issued under the Deed of Hypothec executed or to be executed by it in favor of the Canadian Collateral Agent, and (b) the Movable Hypothec executed or to be executed by Clean Harbors Quebec, Inc., a Quebec corporation, pursuant to which it pledges the bond issued or to be issued under the Deed of Hypothec executed or to be executed by it in favor of the Canadian Collateral Agent, each as amended, restated or modified from time to time.
View Source

Examples of Movable Hypothec in a sentence

  • Agent shall have the sole and exclusive right and authority to exercise, except as may be otherwise specifically restricted by the terms hereof, all rights and remedies given to Agent pursuant to any such Deed of Movable Hypothec and Applicable Law.

  • The Borrower shall, at his/her own expense and as soon as iA Financial Group so requests, prepare and sign all documents and take all measures as may reasonably be required by iA Financial Group to give full effect to the Loan Agreement and to the Collateral Assignment or Movable Hypothec with delivery that is assigned or granted herein.

  • The parties hereto confirm that they have requested this Movable Hypothec and all related documents be drafted in English.

  • Wachovia shall be entitled to delegate from time to time any of its powers or duties under the Deed of Hypothec and the Movable Hypothec to any Person and on such terms and conditions as Wachovia may determine from time to time.

  • Act of Movable Hypothec on a commercial paper of $1,000,000 dated October 17, 2002 with the Bank of Montreal to guarantee the issuance of letters of credit.


More Definitions of Movable Hypothec

Movable Hypothec means the Movable Hypothec with delivery of the RESP hypothecated by the Borrower in favour of the Company under this Loan Contract. The provisions pertaining to Movable Hypothec apply only if the Borrower is a resident of Quebec.
View Source
Movable Hypothec means, collectively, (a) the Movable Hypothec executed or to be executed by Clean Harbors Mercier, Inc., a Quebec
View Source
Movable Hypothec means, collectively, (a) the Movable Hypothec executed or to be executed by Clean Harbors Mercier, Inc. (currently, Safety-Kleen Services (Mercier), Ltd.), a Quebec corporation, pursuant to which it pledges the bond issued or to be issued under the Deed of Hypothec executed or to be executed by it in favour of the Agent, and (b) the Movable Hypothec executed or to be executed by Clean Harbors Quebec, Inc. (currently, Safety-Kleen Services (Quebec), Ltd.), a Quebec corporation, pursuant to which it pledges the bond issued or to be issued under the Deed of Hypothec executed or to be executed by it in favour of the Agent.
View Source
Movable Hypothec to secure the payment of the rent and any amount owed or that may be owed to the LESSOR hereunder as well as the fulfillment of the LESSEE's obligations hereunder, the LESSEE hereby grants in favour of the LESSOR a movable hypothec (security interest against personal property) without delivery on all present and future movable property that it owns, located in the leased premises, as well as on the insurance benefits paid with regard to said movable property (the "hypothecated property"), for a sum equal to five (5) times the amount of the rent payable by the LESSEE to the LESSOR for the first year of the lease (the "amount of the hypothec"). To secure any amount owed to the LESSOR that exceeds the above amount of the hypothec, the LESSEE hypothecates the said property for an additional amount equal to twenty percent (20%) of the amount of the hypothec.
View Source
Movable Hypothec means, collectively, (a) the movable hypothecs granted by Guess? Canada Corporation, a Canadian corporation, under the Deed of Hypothec executed or to be executed by it in favour of the Lender, and (b) the movable hypothecs granted by Guess? Canada Retail, Inc. under the Deed of Hypothec executed or to be executed by it in favour of the Lender.
View Source
Movable Hypothec means, collectively, (a) the Movable Hypothec executed or to be executed by Clean Harbors Mercier, Inc., a Quebec corporation, pursuant to which it pledges the bond issued or to be issued under the Deed of Hypothec executed or to be executed by it in favor of the Canadian Collateral Agent, and (b) the Movable Hypothec executed or to be executed by Clean Harbors Quebec, Inc., a Quebec corporation, pursuant to which it pledges the bond issued or to be issued under the Deed of Hypothec executed or to be executed by it in favor of the Canadian Collateral Agent.
View Source
Movable Hypothec shall have the meaning assigned in Section 7.13 hereof.
View Source