ADDITIONAL HYPOTHEC Clause Samples
The Additional Hypothec clause establishes the right for a lender to secure further obligations or debts of the borrower under the same mortgage or security agreement. In practice, this means that if the borrower takes on new loans or incurs additional liabilities with the lender, these new amounts are automatically covered by the existing hypothec without the need for a new security document. This clause streamlines the process of securing future advances or obligations, ensuring that the lender maintains continuous security over the property for both current and future debts, thereby reducing administrative burden and protecting the lender’s interests.
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ADDITIONAL HYPOTHEC. To secure repayment of all sums payable to the Creditor under this agreement and under the loan agreement, such as insurance premiums and fees, expenses incurred for the preservation, protection and recovery of the claim, costs, disbursements or advances, as well as the interest on those amounts, interest accrued for more than three (3) years and during the current year, interest on the interest, the Debtor hypothecates up to an additional sum fixed at twenty percent (20 %) of the amount of the loan the property designated above for the special benefit of the Creditor.
ADDITIONAL HYPOTHEC. To further secure the performance and observance of all the GRANTOR's obligations hereunder, the GRANTOR hereby hypothecates and grants a security interest in the CHARGED PROPERTY in favour of the CREDITOR to the extent of a further amount equal to twenty-percent (20%) of the HYPOTHEC AMOUNT.
ADDITIONAL HYPOTHEC. If the Landlord should so require, the Tenant hereby obliges itself to consent to any additional hypothec which the Landlord may judge necessary or useful in order to maintain the value of the guarantees accorded by these presents.
ADDITIONAL HYPOTHEC. To secure the payment of all sums not secured by the principal hypothec created hereinabove, and in particular, interest due for the current and subsequent years, interest on interest, and all other amounts expended by the LENDER to protect its hypothecary claim, including but not limited to, insurance premiums, taxes, costs, and other accessories, an additional hypothec equal to twenty-five percent (25%) of the original amount of the present loan is hereby created by the BORROWER on the said property.
ADDITIONAL HYPOTHEC. The BORROWER binds and obliges itself to grant to the LENDER, on demand, any additional hypothec which the latter may deem necessary or useful to maintain the value of the security granted in virtue hereof.
ADDITIONAL HYPOTHEC. To secure any amount owing to the Trust which would be in excess of the amount of the hypothec shown above, the borrower hypothecates the hypothecated property for a further sum equal to twenty percent (20%) of the amount of the hypothec provided for in section 1 hereof.
ADDITIONAL HYPOTHEC. As general and continuing collateral security for the performance by the Grantor of the Obligations not otherwise secured by the hypothecs created under the terms of Section 2.1, including, without limiting the generality of the foregoing, interest on all overdue interest, as well as the costs and expenses incurred by the Creditor in order to preserve or realize upon the Liens created and to be created from time to time under the terms hereof and all other costs and expenses related to the Obligations, the Grantor hereby hypothecates the Hypothecated Property to and in favor of the Creditor, to the extent of an additional sum of [AMOUNT] with interest thereon at the rate of [PERCENTAGE %] percent per annum.
ADDITIONAL HYPOTHEC. To secure payment of any interest not covered by the above hypothec, as well as to further secure the performance of its obligations resulting from the presents, the Grantor hypothecates the property and claims in favor of the Caisse for a further amount equal to twenty percent (20%) of the principal amount of the hypothec created Section 2 above.
ADDITIONAL HYPOTHEC. 3 4. DEBTOR'S DECLARATIONS..................................................3 5. COVENANTS..............................................................4 6. ENVIRONMENT............................................................6
ADDITIONAL HYPOTHEC. 7.1 To secure the payment of interest not already secured by the hypothec created in article 1 and to further secure the performance of its obligations hereunder, the Customer hypothecates all of the property described in article 1 for an additional amount equal to twenty percent (20%) of the principal amount of the hypothec created in article 1.