QUEBEC SPECIAL PROVISIONS Sample Clauses

QUEBEC SPECIAL PROVISIONS. Without limiting any of the foregoing provisions in favor of Agent, for the purposes of holding any security granted by any Credit Party pursuant to the laws of the Province of Quebec, including any deed of hypothec, debenture, bond or other title of indebtedness and debenture or bond pledge agreements, Agent is hereby appointed to act as the Person holding an irrevocable power of attorney (fonde de pouvoir) pursuant to article 2692 of the CIVIL CODE OF QUEBEC to act on behalf of each present and future Lender. By executing an Assignment Agreement, each future Lender shall be deemed to ratify the power of attorney (fonde de pouvoir) granted herein. Agent agrees to act in such capacity. Each party hereto agrees that, notwithstanding Section 32 of AN ACT RESPECTING THE SPECIAL POWERS OF LEGAL PERSONS (QUEBEC), Agent may, as the Person holding the power of attorney of the Lenders, acquire and or be the pledgee of any debentures, bonds or other titles of indebtedness secured by any hypothec Annex A Page 89 granted by any Credit Party to the Agent pursuant to the laws of the Province of Quebec.
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  • Definitional Provisions (a) The words “hereof,” “herein,” and “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provisions of this Agreement.

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