Hypothecated Property definition

Hypothecated Property means all book debts and receivables of the Company more particularly described in FIRST SCHEDULE hereunder hypothecated and charged by way of security; in terms of the provisions of Clause 11 hereof.

Hypothecated Property means the property hypothecated hereunder more fully described in Section 4 of this Agreement.

Hypothecated Property has the meaning ascribed to it in Section 2.1.

Examples of Hypothecated Property in a sentence

• For this purpose, the Security Trustee shall be empowered to release individual units of the Hypothecated Property from the security interest encumbering such unit/s upon receipt by it from the Issuer or from a prospective purchaser of a fixed amount of the purchase price attributed to each unit forming part of the Hypothecated Property.

• These obligations are in addition to the Borrower's obligations in this Contract under the heading Insurance for the Hypothecated Property as far as they apply to a condominium unit.

• The Borrower will not sell, transfer, lease or otherwise dispose of all or any part of the Hypothecated Property or any interest in the Hypothecated Property without the Lender's prior written approval and if approved, without such approved purchaser, transferee or lessee entering an assumption agreement in form satisfactory to the Lender.

• All sales of units, including residential units and garages/car spaces, forming part of the Hypothecated Property shall be made on condition that units are released of all hypothecary rights and privileges encumbering the units being sold.

• The Borrower certifies to the Lender that all information that the Borrower has given the Lender about the Borrower’s marital status and the Hypothecated Property when applying for the Loan are true and accurate under the laws regarding spousal property rights in the Province of Québec.

More Definitions of Hypothecated Property

Hypothecated Property means, as the context requires, the property of the Grantors or any one of the Grantors hypothecated or charged or intended to be hypothecated or charged under Section 2.2 hereof;

Hypothecated Property means any and all property, rights and interest, present and future, intended to be charged by the hypothecs created under Article 2 hereof, all substitutions and replacements thereof, all increases, additions and accessions thereto, all rights attaching thereto and all proceeds in any form derived directly or indirectly from any dealing with any of the foregoing or the proceeds therefrom.

Hypothecated Property means all property, assets and undertaking of the Grantor charged pursuant to Section 2.1 of this Agreement and shall include all or any part thereof;

Hypothecated Property means all book debts and receivables of the Company more particularly described in SCHEDULE I hereunder hypothecated and charged by way of security pursuant to Clause 3 (Hypothecation and Charge) of this Deed; (g)“Receiver” has the meaning ascribed to it in Clause 8 (Appointment of Receiver);

Hypothecated Property means all movable and immovable property of the Grantor, corporeal and incorporeal, tangible and intangible, present and future, of any nature whatsoever and wheresoever situated, subjected or intended to be subjected to the hypothec created or intended to be created herein as set out in Section 4 hereof;

Hypothecated Property means the property described in Schedule II hereto and shall be deemed to include the Replacement Property identified in Clause 6.1 below and any other property identified as additional security being provided in terms of Clause 7.1 below;

Hypothecated Property means the universality comprising all of the Grantor's property, rights, interests and assets, movable and immovable, corporeal and incorporeal, both present and future, of whatsoever nature or kind and wheresoever situate, including, without limitation, the Immovable Property and the Movable Property, but excluding the Excluded Property.