Common use of Amount of Hypothec Clause in Contracts

Amount of Hypothec. To secure the performance of its obligations mentioned in Section 3, the Borrower hereby hypothecates in favour of the Lender the Hypothecated Property for a principal amount of Two Million Nine Hundred Thousand Canadian Dollars (CA$2,900,000) plus an additional hypothec equal to twenty per cent (20%) of such amount for a total amount of Three Million Four Hundred and Eighty Thousand Canadian Dollars (CA$3,480,000), the whole with interest from the date of this Agreement at an annual rate of twenty-five per cent (25%).

Amount of Hypothec. To secure the performance of its obligations mentioned in Section 3, the Borrower Grantor hereby hypothecates in favour of the Lender Creditor the Hypothecated Property for a principal amount of Two One Million Nine Five Hundred Thousand Canadian Dollars (CA$2,900,000CA$1,500,000) plus an additional hypothec equal to twenty per cent (20%) of such amount for a total amount of Three One Million Four Eight Hundred and Eighty Thousand Canadian Dollars (CA$3,480,000CA$1,800,000), the whole with interest from the date of this Agreement at an annual rate of twenty-five per cent (25%).

Amount of Hypothec. To secure the performance of its obligations mentioned in Section 3, the Borrower Grantor hereby hypothecates in favour of the Lender Creditor the Hypothecated Property for a principal amount of Two Million Nine Hundred Thousand Canadian Dollars (CA$2,900,000) plus an additional hypothec equal to twenty per cent (20%) of such amount for a total amount of Three Million Four Hundred and Eighty Thousand Canadian Dollars (CA$3,480,000), the whole with interest from the date of this Agreement at an annual rate of twenty-five per cent (25%).

Amount of Hypothec. To secure the performance of its obligations mentioned in Section 3, the Borrower hereby hypothecates in favour of the Lender the Hypothecated Property for a principal amount of Two One Million Nine Five Hundred Thousand Canadian Dollars (CA$2,900,000CA$1,500,000) plus an additional hypothec equal to twenty per cent (20%) of such amount for a total amount of Three One Million Four Eight Hundred and Eighty Thousand Canadian Dollars (CA$3,480,000CA$1,800,000), the whole with interest from the date of this Agreement at an annual rate of twenty-five per cent (25%).