Common use of Amount of Hypothec Clause in Contracts

Amount of Hypothec. To secure the performance of its obligations mentioned in Section 3, the Grantor hereby hypothecates in favour of the Creditor the Hypothecated Property for a principal amount of One Million Five Hundred Thousand Canadian Dollars (CA$1,500,000) plus an additional hypothec equal to twenty per cent (20%) of such amount for a total amount of One Million Eight Hundred Thousand Canadian Dollars (CA$1,800,000), the whole with interest from the date of this Agreement at an annual rate of twenty-five per cent (25%).

Amount of Hypothec. To secure the performance of its obligations mentioned in Section 3, the Grantor Borrower hereby hypothecates in favour of the Creditor Lender the Hypothecated Property for a principal amount of One Two Million Five Nine Hundred Thousand Canadian Dollars (CA$1,500,000CA$2,900,000) plus an additional hypothec equal to twenty per cent (20%) of such amount for a total amount of One Three Million Eight Four Hundred and Eighty Thousand Canadian Dollars (CA$1,800,000CA$3,480,000), the whole with interest from the date of this Agreement at an annual rate of twenty-five per cent (25%).

Amount of Hypothec. To secure the performance of its obligations mentioned in Section 3, the Grantor hereby hypothecates in favour of the Creditor the Hypothecated Property for a principal amount of One Two Million Five Nine Hundred Thousand Canadian Dollars (CA$1,500,000CA$2,900,000) plus an additional hypothec equal to twenty per cent (20%) of such amount for a total amount of One Three Million Eight Four Hundred and Eighty Thousand Canadian Dollars (CA$1,800,000CA$3,480,000), the whole with interest from the date of this Agreement at an annual rate of twenty-five per cent (25%).

Amount of Hypothec. To secure the performance of its obligations mentioned in Section 3, the Grantor Borrower hereby hypothecates in favour of the Creditor Lender the Hypothecated Property for a principal amount of One Million Five Hundred Thousand Canadian Dollars (CA$1,500,000) plus an additional hypothec equal to twenty per cent (20%) of such amount for a total amount of One Million Eight Hundred Thousand Canadian Dollars (CA$1,800,000), the whole with interest from the date of this Agreement at an annual rate of twenty-five per cent (25%).