Common use of Authorization for Quebec Security Clause in Contracts

Authorization for Quebec Security. For greater certainty and without limiting the powers of the Indenture Trustee herein and for purposes of constituting security on any of the Issuer's property in the Province of Quebec as security for the due payment of all Obligations Secured and the performance by the Issuer of all of the obligations of the Issuer contained herein, the Issuer and the Indenture Trustee hereby acknowledge that the Indenture Trustee shall, for purposes of holding any security granted by the Issuer on any of the Issuer's property pursuant to the laws of Quebec, be the hypothecary representative for all present and future Specified Creditors and other creditors to whom amounts are payable by the Issuer under this Indenture or any Indenture Supplement relating to the Notes. The Indenture Trustee hereby agrees to act in such capacity for the benefit of all present and future Specified Creditors for purposes of holding any security on any of the Issuer's property. The purchase of any Note by any Noteholder shall constitute ratification by such Noteholder of the power of attorney of the Indenture Trustee constituted hereunder and the incurrence of any debt by the Trust with the other Specified Creditors pursuant to the applicable Transaction Document shall constitute such ratification by such Specified Creditor of such power of attorney constituted hereunder.

Authorization for Quebec Security. For greater certainty and without limiting the powers of the Indenture Trustee herein and for purposes of constituting security on any of the Issuer's property in the Province of Quebec as security for the due payment of all Obligations Secured and the performance by the Issuer of all of the obligations of the Issuer contained herein, the Issuer and the Indenture Trustee hereby acknowledge that the Indenture Trustee shall, for purposes of holding any security granted by the Issuer on any of the Issuer's property pursuant to the laws of Quebec, be the hypothecary representative for all present and future Specified Creditors and other creditors to whom amounts are payable by the Issuer under this Indenture or any Indenture Supplement relating to the Notes. The Indenture Trustee hereby agrees to act in such capacity for the benefit of all present and future Specified Creditors for purposes of holding any security on any of the Issuer's property. The purchase of any Note by any Noteholder shall constitute ratification by such Noteholder of the power of attorney of the Indenture Trustee constituted hereunder and the incurrence of any debt by the Trust with the other Specified Creditors pursuant to the applicable Transaction Document shall constitute such ratification by such Specified Creditor of such power of attorney constituted hereunder.. ARTICLE IX‌‌