MOVABLE HYPOTHEC. As collateral security for the fulfillment of the obligations, terms and conditions of this Lease (but without novation of or in any manner, being construed as discharging or satisfying the Tenant’s obligations under this Lease nor of any other security given by the Tenant or others for the performance of the Tenant’s obligations hereunder), the Tenant hereby hypothecates, by way of a first-ranking fixed movable hypothec, the Landlord hereto present and accepting, with effect as and from the date of this Lease, to the extent of the sum of ONE HUNDRED AND FIFTY THOUSAND DOLLARS ($150,000.00), together, with interest thereon at the rate of FIFTEEN PERCENT (15%) per annum, calculated half-yearly, not in advance, the universality of all the Movable Property of the Tenant, present or future, corporeal or incorporeal, situated in, on about or near the Leased Premises. The Hypothec created in this Lease shall subsist without reduction until complete performance by the Tenant of all its obligations under this Lease and the payment of the rentals and all other sums that may be payable by the Tenant to the Landlord pursuant to this Lease from time to time or pursuant hereto. Such hypothec shall rank ahead or all hypothecs, prior claims or rights of any nature or kind in favour of any and all creditors. The costs of publishing this hypothec shall be borne by the Tenant. The Tenant also undertakes to execute such further any other forms and documents that may be necessary in order give effect to the provisions of this Section 25.1 and the hypothec herein created.
MOVABLE HYPOTHEC. 7 25. INDEMNITY .................................................................7
MOVABLE HYPOTHEC. To secure the repayment of the sums that the borrower owes or may owe the Trust under the following credit agreement
MOVABLE HYPOTHEC. For the purpose of securing the performance by the Subtenant of all its obligations hereunder including, without limiting the generality of the foregoing, the payment of the Rent, the Tenant hypothecates to and in favour of the Sublandlord the universality of furniture, fixtures and other movable effects, present and fixture, garnishing the Subleased Premises at any time and from time to time, to the extent of the sum of sixty-five thousand Dollars ($65,000).
MOVABLE HYPOTHEC. 23 Article 25 REGULATIONS.....................................................23 Article 26
MOVABLE HYPOTHEC. N/A 6.9 Deposit N/A ARTICLE 7
MOVABLE HYPOTHEC. To secure the repayment of all sums due or to be due to the Caisse, in principal, interest, costs and accessories, as well as the performance of all obligations, in virtue of any of the following agreements: (a) any credit agreement referred to in Section 1. hereof; (b) any other credit agreement, financing offer or agreement of any kind that the parties agree, from time to time, to be subject to the provisions and hypothecs herein contained; (c) all renewals, amendments or substitutions that will be made to the documents mentioned in (a) and (b); and (d) this Movable Hypothec Deed (“the Secured Obligations”), the Grantor hypothecates in favor of the Caisse, for an amount of $ :
MOVABLE HYPOTHEC. To secure the repayment of the sums that the grantor owes or may owe the Bank under the loan, the suretyship, this deed and any other present or future undertakings towards the Bank, of the interest at a rate of 25% per annum from the date of these presents, and of the accessories, as well as the performance of all obligations arising therefrom, the grantor hypothecates in favour of the Bank for a sum of ($ ), the rights under the insurance policy subscribed for an amount of ($ ) bearing number , issued by on the life and payable to , the designated beneficiary. The hypothec shall affect all rights, titles, interest, dividends, benefits and advantages connected to it or resulting from it, subject to the terms and conditions listed below. To secure any amount owing to the Bank which would be in excess of the amount of the above hypothec, the grantor hypothecates the insurance policy for a further amount equal to twenty percent (20%) of the amount of the hypothec.
MOVABLE HYPOTHEC. To secure the repayment of the sums that the borrower owes or may owe the Bank under the Agreement, as such word is understood in the B2B Bank Investment Loan Application, (the “credit agreement”) whereby the Bank has granted or made available to the borrower a loan or a line of credit in the amount of dollars ($ ) signed on (all sums owed by the borrower to the Bank under the above-mentioned credit agreement, and all renewals, replacements, additions or modifications, substitutions or rewordings brought to it are hereinafter collectively referred to as the “loan”), of the interest at the rate of 25% per annum as from the date of these presents, and of the accessories, as well as the performance of all obligations arising therefrom, the borrower hypothecates in favour of the Bank, for a sum of dollars ($ ) the investment securities hereinafter described (hereinafter referred to as the “hypothecated property”): DESCRIPTION (Specify the number of investment securities, their nature, category or series, par value, issuer name, certificate number, maturity date, etc.) Mutual funds units (Specify the Name of the Fund) (Issuer’s account number) Other: and each and all of the securities that shall have been, from time to time, (i) purchased or acquired with the proceeds of the loan and held or kept by the Bank, a B2B Bank Dealer (hereinafter defined) or under the custody of a third party designated by the Bank, or (ii) placed under the custody of the Bank or a third party designated by the Bank, in furtherance to the Borrower’s obligations under the credit agreement to maintain the collateral; and including the securities pledged to the Bank by reason of the Bank obtaining control of same. The securities pledged to the Bank as part of the collateral to secure the loan may be held in an account at B2B Bank Financial Services Inc., B2B Bank Securities Services Inc. or B2B Bank Intermediary Services Inc. (together, hereinafter referred to as the “B2B Bank Dealers”). The following property, if it is not already included in the above description or in appendix, is also charged with the hypothec and security created hereunder. Therefore, the expression “hypothecated property” also includes the following property:
MOVABLE HYPOTHEC
