MOVEABLE HYPOTHEC. The Lessee hereby grants to the Lessor as security for the payment of rental and of all other sums for which the Lessee is responsible whether or not under the terms of the Lease and the complete fulfilment of all of the Lessee’s obligations, a first second ranking moveable hypothec, after any recognized financial institution, on the universality of all movables located in the Premises and belonging to the Lessee, for an amount equivalent to one (1) year six (6) months of Rent or Seventy-two Thousand Three Hundred and Fifty Dollars ($72,350.00). All related costs for such preparation, registration and proceeding instituted in consequence or reliance thereof shall be borne entirely by the Lessee. The Lessor hereby agrees that it shall cede rank in favour of any recognized financial institution.
MOVEABLE HYPOTHEC. In order to guarantee the full and proper performance of all of the obligations to be performed by Tenant under this Lease, Tenant hereby undertakes to execute in favour of Landlord simultaneously with these presents, a deed of moveable hypothec, subject to the treatment set forth in the Landlord Agreements or any other agreement entered into in connection with a subsequent financing, which said hypothec shall rank ahead of all other hypothecs or rights of any nature of any and all other creditors, on the universality of the moveable property of Tenant, present or future, corporeal or non-corporeal, situated in or near the Leased Premises in the Building, or with respect to the [ILLEGIBLE]
MOVEABLE HYPOTHEC. In order to guarantee the full and proper performance of all of the obligations to be performed by Tenant under this Lease, Tenant hereby undertakes to execute in favour of Landlord simultaneously with these presents, a deed of moveable hypothec, which said hypothec, subject to the treatment set forth in the Landlord Agreements attached herewith or any other agreement entered into in connection with a Subsequent Financing, shall rank ahead of all other hypothecs or rights of any nature of any and all other creditors, on the universality of the moveable property of Tenant, present or future, corporeal or non-corporeal, situated in or near the Leased Premises in the Building, or with respect to the operation of business of Tenant in the Leased Premises, which said hypothec shall be a continuing guarantee by Tenant in favour of Landlord in order to secure Minimum Net Net Rental and Additional Rental throughout the term of this Lease and any renewal period thereof. The said deed of moveable hypothec to be executed by Tenant shall be that document hereto attached as Schedule "F".
MOVEABLE HYPOTHEC. In order to guarantee the full and proper performance of all of the obligations to be performed by Tenant under this Lease, Tenant hereby undertakes to execute in favour of Landlord simultaneously with these presents, a deed of moveable hypothec, which said hypothec, subject to the treatment set forth in the Landlord Agreements attached herewith or any other agreement entered in connection with a Subsequent Financing subject shall rank ahead of all other hypothecs or rights of any nature of any and all other creditors, on the universality of the moveable property of Tenant, present or future, corporeal or non-corporeal, situated in or near the Leased Premises in the Building, or with respect to the operation of business of Tenant in the Leased Premises, which said hypothec shall be a continuing guarantee by Tenant in favour of Landlord in order to [ILLEGIBLE]
MOVEABLE HYPOTHEC. As continuing and collateral security for the due and punctual performance of Tenant’s obligations under this Lease, the Tenant hypothecates in favour of Landlord, for a sum equal to the Net Rent and the Additional Rent payable by the Tenant during a two-year period under the Term of the Lease and interest thereon at the Prime Rate plus two percent (2%), calculated semi-annually and not in advance, a universality consisting of all moveable improvements, equipment, machinery, furniture, and fixtures of every kind now or hereafter located in, on or upon the Premises, including all indemnities or proceeds paid or payable to Tenant under insurance policies pertaining to or covering such movables. The hypothec herein created does not constitute a floating hypothec under Article 2715 of the Civil Code of Québec. Upon the occurrence of an event of default, the security hereby constituted shall become enforceable and Landlord shall be entitled to immediately exercise any and all rights arising from such hypothec without any notice or delay except as may be required by law. The hypothec referred to in this Section 20.21 shall constitute a first ranking charge on all the assets charged thereunder. However, should Tenant obtain a bona fide financing for the operation of its business in the Premises from a person acting at arm’s length with Tenant and the persons who control, directly or indirectly, Tenant (the “Tenant’s Lender”), Landlord shall execute, at Tenant’s cost, a subordination agreement in favour of Tenant’s Lender in a form and substance satisfactory to Landlord and its legal counsel, acting reasonably, provided that Tenant is not then in default and provided further that the security granted to Tenant’s Lender shall not affect any asset which is or may become, under the terms of this Lease, the property of Landlord. The Tenant covenants with Landlord to furnish the Premises with and maintain therein a sufficient quantity of furniture, fixtures and other moveable effects to secure the payment of twelve (12) months’ rent. The said furniture, fixtures and other effects shall at all times be and remain the absolute and exclusive property of Tenant free and clear of any privileges, liens, charges or encumbrances save for those in favor of Landlord. The Tenant undertakes to execute, in favour of the Landlord and upon its request, a first ranking moveable hypothec of a value sufficient to secure the payment of twelve (12) months Rent, and to execute and sign pro...
MOVEABLE HYPOTHEC. 22.3.1 As continuing and collateral security for the due and punctual payment of Minimum Rent, Additional Rent and all other amounts now owing or which may hereafter become owing to the Lessor by the Lessee under this Lease, as same may be amended, renewed, extended or supplemented, and as continuing and collateral security for the due and punctual performance and fulfilment of all other obligations, covenants and agreements of the Lessee contained in this Lease, as same may be amended, renewed, extended or supplemented (all of said Minimum Rent and other amounts and the said other obligations, covenants and agreements being hereinafter collectively referred to as the “Indebtedness”), the Lessee hereby hypothecates in favour of the Lessor, with effect as of and from this date, for the sum of one hundred thousand dollars ($100,000.00) and interest thereon at the rate of interest per annum that is six (6) percentage points more than the prime rate of interest of the Bank of Montreal, calculated semi-annually, not in advance, all of the rights, title and interests of the Lessee in and to the following universalities (hereinafter referred to as the “Universalities”):
MOVEABLE HYPOTHEC. As security for any amounts owing by the Reseller to Xxxxxx and for all other obligations of the Reseller toward Xxxxxx under this Agreement, or under any other present or future agreement entered into between Reseller and Xxxxxx, the Reseller hereby grants to Xxxxxx a moveable hypothec on the universality of all the undertakings, properties and assets which the Reseller owns or has an interest in whether such ownership or interest exists at any time thereafter and said hypothec shall extend to all proceeds arising therefrom. The present moveable hypothec is granted for a maximum amount of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00). It is agreed that Xxxxxx shall have the right at its sole discretion, at any time, to register and publish such moveable hypothec and/or to renew such registration and/or publication.
MOVEABLE HYPOTHEC. The Tenant agrees to grant to the Landlord a moveable hypothec in the form annexed hereto as Schedule "D".
MOVEABLE HYPOTHEC a) As continuing and collateral security for the due and punctual payment of Rent and all other amounts now owing or which may hereafter become owing to the Landlord by the Tenant under this Lease, as same may be amended, renewed, extended or supplemented, and as continuing and collateral security for the due and punctual performance and fulfilment of all other obligations, covenants and agreements of the Tenant contained in this Lease, as same may be amended, renewed, extended or supplemented, the Tenant hereby hypothecates in favour of the Landlord, with effect as of and from this date, for the sum of SEVENTY THOUSAND dollars ($70,000.00) and interest thereon at the Stipulated Rate in force on the date hereof (being 13 % per annum), calculated semi-annually, not in advance, all of the rights, title and interests of the Tenant in and to the following universality (hereinafter referred to as the "Universality"):
MOVEABLE HYPOTHEC. The Lessee hereby grants to the Lessor as security for the payment of rental and of all other sums for which the Lessee is responsible whether or not under the terms of the Lease and the complete fulfilment of all of the Lessee's obligations, a first ranking moveable hypothec on the universality of all movables located in the Premises and belonging to the Lessee, for an amount equivalent to one (1) year of Rent or Forty-one Thousand Nine Hundred Thirty-five Dollars ($41,935.00). All related costs for such preparation, registration and proceeding instituted in consequence or reliance thereof shall be borne entirely by the Lessee.
