Common use of ADDITIONAL HYPOTHEC Clause in Contracts

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. To secure any amount owing to the Trust Bank 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.