Hypothec definition

Hypothec means the rights created by this Deed of Hypothec in your Property, in the Rent it produces, if any, and in the insurance associated with such Property and such Rent and the rights arising from any renewal, amendment or replacement of this Deed of Hypothec.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Hypothec means collectively the hypothecation and the additional hypothecation of the Charged Property by the Grantor in favour of the Creditor created pursuant to Clauses 3.1 and 3.2 hereof;

Hypothec. “prior claim” and a “resolutory clause”, (f) all references to filing, registering or recording under the UCC or PPSA shall include publication under the Civil Code of Québec, (g) all references to “perfection” of or “perfected” liens or security interest shall include a reference to an “opposable” or “set up” lien or security interest as against third parties, (h) any “right of offset”, “right of setoff” or similar expression shall include a “right of compensation”, (i) “goods” shall include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (j) an “agent” shall include a “mandatary”, (k) “construction liens” shall include “legal hypothecs”, (l) “joint and several” shall include “solidary”, (m) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (n) “beneficial ownership” shall include “ownership on behalf of another as mandatary”, (o) “easement” shall include “servitude”, (p) “priority” shall include “prior claim”, (q) “survey” shall include “certificate of location and plan”, and (r) “fee simple title” shall include “absolute ownership”.

Examples of Hypothec in a sentence

• The execution prior to the date hereof by Agent of any Deed of Hypothec, Pledge or other security documents made pursuant to the laws of the Province of Québec (Canada) is hereby ratified and confirmed.

• In order to further secure the performance and observance of all the Grantor’s obligations hereunder, the Grantor hereby further hypothecates all of the Charged Property to and in favour of the Creditor for and in an additional amount equal to twenty-percent (20%) of the Hypothec Amount.

• Property having formed part of the Property in stock which is alienated by the Grantor in favour of a third person but in respect of which the Grantor has retained title pursuant to a reservation of ownership provision, shall remain charged by the Hypothec until title is transferred; any Property in stock the ownership of which reverts to the Grantor pursuant to the resolution or resiliation of any agreement or following its repossession is also subject to the Hypothec.

• It may then immediately request payment of any expense incurred in doing so, including interest at the rate provided for in paragraph 12.6 above, and such repayment is secured by the Hypothec.

• To perform all acts and execute all deeds and documents (including notices of renewal) necessary to give full effect to the Hypothec and to ensure that it is at all times fully opposable against third persons.

More Definitions of Hypothec

Hypothec means the rights created by this Deed of Loan in your Property, in the Rent it produces, if any, and in the insurance associated with such Property and such Rent. The word “Hypothec” includes all the hypothecs granted to secure the Loan.

Hypothec means a hypothec on an immovable property under the laws of the Province of Québec;

Hypothec means this deed and all amendments, replacements, restatements, supplements and substitutions thereto.

Hypothec shall have the meaning ascribed to it in Section 4 hereof;

Hypothec means a security interest or charge on your property or securities that allows us to enforce payment of a debt you owe us under the laws of Quebec;

Hypothec means, collectively, the hypothecs, pledge agreements and security interests in favour of the Purchaser or Fonde de Pouvoir or collateral agent acting on its behalf: (i) evidencing, subject to Permitted Senior Encumbrances, a first-ranking hypothec without delivery of any securities, limited liability company interests, limited partnership or similar participation interests held by the Corporation in OVOS Natural Health Inc., ▇▇▇▇▇▇ Health (US) LLC, ▇▇▇▇▇▇ Health Luxco I S.à.▇.▇. & Cie S.C.S., 4166591 Canada Inc. and ▇▇▇▇▇▇ Health (Innodia) Inc.; (ii) evidencing, subject to Permitted Senior Encumbrances, a first-ranking pledge of any securities and instruments held by 4166591 Canada Inc in the capital of ▇▇▇▇▇▇ Health (Innodia) Inc., together with all certificates or documents evidencing such share, interests or securities ownership, endorsements and stock transfer forms in blank and (iii) constituting, subject to Permitted Senior Encumbrances, a first-ranking charge on all other present and future, incorporeal and corporeal movable property of each of the Corporation, OVOS Natural Health Inc., 4166591 Canada Inc. and ▇▇▇▇▇▇ Health (Innodia) Inc., other than any and all present and future Restructured Notes;

Hypothec herein shall have the meaning ascribed thereto in the preamble to this agreement;