Common use of Lessor’s Clause in Contracts

Lessor’s. If any of the Charged property is located, in the province of Quebec, in premises leased pursuant to a lease executed before January 1, 1994 (and where the registration of a legal hypothec has been perfected) or if it were moved to premises leased as aforesaid, to obtain a full cession of priority in favour of the rights of the Trustee under the present Hypothec and to immediately notify, following the execution of the present Deed or immediately following the moving into the leased premises, the lessor of such premises, in writing, of the present Hypothec and to deliver to the Trustee within three (3) days after such notification proof of same.