MOVABLE HYPOTHEC Sample Clauses

MOVABLE HYPOTHEC. As collateral security for the fulfillment of the obligations, terms and conditions of this Lease (but without novation or in any manner, being construed as discharging or satisfying the Tenant’s obligations under this Lease nor of any other security given by the Tenant or others for the performance of the Tenant’s obligations hereunder), the Tenant hereby hypothecates, by way of a fixed movable hypothec, the Landlord hereto present and accepting, with effect as and from the date of this Lease, to the extent of the sum of Two Hundred and Twenty Thousand Dollars ($220,000.00), the universality of all the Movable Property of the Tenant, present or future, corporal or incorporal, situated in, on, about or near the Leased Premises. The Tenant shall furnish and maintain in the Leased Premises, throughout the Term, Moveable Property all free and clear of any hypothecs, conditional sales contracts and other encumbrances whatsoever, which has a value equal to or greater than the aforesaid principal amount of the hypothec plus twenty percent (20%) thereof. The hypothec created in this Lease shall subsist without reduction until complete performance by the Tenant of all its obligations under this Lease and the payment of the rentals and all other sums that may be payable by the Tenant to the Landlord pursuant to this Lease from time to time or pursuant hereto. Such hypothec shall rank ahead of all hypothecs, prior claims or rights of any nature or kind in favour of any and all creditors but after the Tenant’s financial institution in the circumstances as hereinafter provided in the penultimate paragraph of this Section. The costs of publishing this hypothec shall be borne by the Tenant. The Tenant also undertakes to execute such further and other forms and documents that may be necessary in order to give effect to the provisions of this Section 25.1 and the hypothec herein created.
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MOVABLE HYPOTHEC. 7 25. INDEMNITY .................................................................7 26.
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MOVABLE HYPOTHEC. To secure the repayment of all sums due or to be due to the Caisse, in principal, interest, costs and accessories, as well as the performance of all obligations, in virtue of any of the following agreements: (a) any credit agreement referred to in Section 1. hereof; (b) any other credit agreement, financing offer or agreement of any kind that the parties agree, from time to time, to be subject to the provisions and hypothecs herein contained; (c) all renewals, amendments or substitutions that will be made to the documents mentioned in (a) and (b); and (d) this Movable Hypothec Deed (“the Secured Obligations”), the Grantor hypothecates in favor of the Caisse, for an amount of $ :
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MOVABLE HYPOTHEC. To secure the repayment of the sums that the borrower owes or may owe the Trust under the following credit agreement (1) (the "credit agreement") whereby the Trust has granted or made available to the borrower a loan or a line of credit in the amount of dollars ($ ) signed on (all sums owed by the borrower to the Trust under the above-mentioned credit agreement, and all renewals, replacements, additions or modifications, substitutions or rewordings brought to it are hereinafter collectively referred to as the "loan"), of the interest at the rate of 25% per annum as from the date of these presents, and of the accessories, as well as the performance of all obligations arising therefrom, the borrower hypothecates in favour of the Trust, for a sum of ) the investment securities Mutual funds units (Specify the Name of the Fund) (account number) Other:
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MOVABLE HYPOTHEC. To secure the repayment of the sums that the borrower owes or may owe the Bank under the Agreement, as such word is understood in the B2B Bank Investment Loan Application, (the “credit agreement”) whereby the Bank has granted or made available to the borrower a loan or a line of credit in the amount of dollars ($ ) signed on (all sums owed by the borrower to the Bank under the above-mentioned credit agreement, and all renewals, replacements, additions or modifications, substitutions or rewordings brought to it are hereinafter collectively referred to as the “loan”), of the interest at the rate of 25% per annum as from the date of these presents, and of the accessories, as well as the performance of all obligations arising therefrom, the borrower hypothecates in favour of the Bank, for a sum of (Specify the Name of the Fund) (Issuer’s account number) Other: and each and all of the securities that shall have been, from time to time, (i) purchased or acquired with the proceeds of the loan and held or kept by the Bank, a B2B Bank Dealer (hereinafter defined) or under the custody of a third party designated by the Bank, or (ii) placed under the custody of the Bank or a third party designated by the Bank, in furtherance to the Borrower’s obligations under the credit agreement to maintain the collateral; and including the securities pledged to the Bank by reason of the Bank obtaining control of same. The securities pledged to the Bank as part of the collateral to secure the loan may be held in an account at B2B Bank Financial Services Inc., B2B Bank Securities Services Inc. or B2B Bank Intermediary Services Inc. (together, hereinafter referred to as the “B2B Bank Dealers”). The following property, if it is not already included in the above description or in appendix, is also charged with the hypothec and security created hereunder. Therefore, the expression “hypothecated property” also includes the following property: a) all investment securities and all property which, in conformity with these presents, may be remitted to the Bank, or a B2B Bank Dealer, by the borrower or on his behalf (other than the investment securities or property which, as per the borrower’s written instructions agreed to by the Bank, are not subject to this agreement); b) all investment securities issued or received instead of the investment securities described or mentioned above, or as their renewals or replacements or as additions thereto, or which are issued or received at the time of ...
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MOVABLE HYPOTHEC. 23 Article 25 REGULATIONS.....................................................23 Article 26
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MOVABLE HYPOTHEC. To secure the repayment of the sums that the grantor owes or may owe the Bank under the loan, the suretyship, this deed and any other present or future undertakings towards the Bank, of the interest at a rate of 25% per annum from the date of these presents, and of the accessories, as well as the performance of all obligations arising therefrom, the grantor hypothecates in favour of the Bank for a sum of ($ ), the rights under the insurance policy subscribed for an amount of ($ ) bearing number , issued by on the life and payable to , the designated beneficiary. The hypothec shall affect all rights, titles, interest, dividends, benefits and advantages connected to it or resulting from it, subject to the terms and conditions listed below. To secure any amount owing to the Bank which would be in excess of the amount of the above hypothec, the grantor hypothecates the insurance policy for a further amount equal to twenty percent (20%) of the amount of the hypothec.
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MOVABLE HYPOTHEC. For the purpose of securing the performance by the Subtenant of all its obligations hereunder including, without limiting the generality of the foregoing, the payment of the Rent, the Tenant hypothecates to and in favour of the Sublandlord the universality of furniture, fixtures and other movable effects, present and fixture, garnishing the Subleased Premises at any time and from time to time, to the extent of the sum of sixty-five thousand Dollars ($65,000).
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MOVABLE HYPOTHEC 
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Related to MOVABLE HYPOTHEC

  • Personal Property Securities Act The Customer acknowledges that under the Contract the Customer grants a Security Interest(s) to the Company, including but not limited to, the lien in Clause 6. The Customer acknowledges that the Contract constitutes a Security Agreement for the purposes of the PPS Act. The Guarantor acknowledges that under the Guarantee the Guarantor grants a Security Interest(s) to the Company, including (without limitation) a charge over all its property. The Guarantor acknowledges that the Guarantee constitutes a Security Agreement for the purposes of the PPS Act. If there is a Security Interest in favour of the Customer or the Guarantor and the Customer or the Guarantor proposes to register the Security Interest under the PPS Act, the Customer or the Guarantor (as applicable) must give the Company written notice prior to the registration that the Customer or the Guarantor (as applicable) proposes to register the Security Interest. The Customer and the Guarantor will do anything reasonably required by the Company to enable the Company to register its Security Interests, with the priority the Company requires, and to maintain the registration. The Security Interests arising under the Contract or the Guarantee attach to the Collateral in accordance with section 19(2) of the PPS Act and the parties confirm that they have not agreed that any Security Interest arising under the Contract or the Guarantee attaches at any later time. The Customer and the Guarantor each acknowledge that the Company may perfect its Security Interests by lodging a Financing Statement on the Personal Property Securities Register. To the extent that any of the enforcement provisions of Chapter 4 of the PPS Act apply to the Security Interests created under or referred to in the Contract or the Guarantee, the following provisions of the PPS Act will not apply: (i) section 95 (notice of removal of accession), to the extent that it requires the secured party to give a notice to the grantor; (ii) subsection 121(4) (enforcement of liquid assets – notice to grantor); (iii) section 130 (notice of disposal), to the extent that it requires the secured party to give the grantor a notice; (iv) paragraph 132(3)(d) (contents of statement of account after disposal); (v) subsection 132(4) (statement of account if no disposal); (vi) section 135 (notice of retention); (vii) section 142 (redemption of collateral); and (viii) section 143 (reinstatement of security agreement). The Company does not need to give the Customer or the Guarantor any notice under the PPS Act (including a notice of a Verification Statement) unless the notice is required by the PPS Act and that requirement cannot be excluded. The parties agree that neither party will disclose to an “interested person” (as defined in section 275(9) of the PPS Act) or any other person, any information of the kind described in section 275(1) of the PPS Act. The Customer and the Guarantor will not authorise the disclosure of any information of the kind described in section 275(1) of the PPS Act.

  • Intellectual Property Security Agreements Duly executed originals of the US Intellectual Property Security Agreement and the European Intellectual Property Security Agreements, each dated the Closing Date and signed by each applicable Credit Party which owns Trademarks, Copyrights and/or Patents, as applicable, all in form and substance reasonably satisfactory to Agent, together with all instruments, documents and agreements executed pursuant thereto.

  • Other Personal Property Unless at the time the Secured Party ------------------------ takes possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

  • Personal Property Leases Schedule 5.13 contains a brief description of each lease or other agreement or right, whether written or oral (including in each case the monthly rental, the expiration date thereof and a brief description of the property covered), under which Seller is lessee of, or holds or operates, any machinery, equipment, vehicle or other tangible personal property owned by a third Person and used in or relating to the Business.

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church. (b) At Closing, the Annual Conference shall deliver to the Local Church: (i) the Deed(s) quitclaiming and releasing all interest of the Annual Conference in the Real Property to the Local Church; (ii) the Bill of Sale conveying all the interest of the Annual Conference in the Personal Property to the Local Church; and, (iii) a FIRPTA certificate.

  • PURCHASE OF EQUIPMENT AND PERSONAL PROPERTY For valuable consideration, the sum of $1.00, receipt of which is acknowledged, Xxxxxx agrees to quitclaim, transfer, sell, waive and release any interest it has or may have, including as the beneficiary of any trust interest created by the provisions of The Book of Discipline of The United Methodist Church, and Xxxxx agrees to accept all of Seller’s title and interest, if any, in and to all of the properties and assets held by Friendship United Methodist Church and relating to the Conference’s claim for itself, or on behalf of The United Methodist Church, of any beneficial right of any kind, including all proprietary rights and privileges of any kind or nature, whether arising by operation of law, trust, contract, property or other means to all tangible personal property owned as of the date of this Bill of Sale in the name of Friendship United Methodist Church (including, without limitation, cash, bank accounts, accounts and notes receivable, deposits, prepaid items, contents, furnishings, equipment, tools, furniture, leasehold improvements, computer software, permits, licenses, authorizations, books, records, papers, securities, funds, goodwill, contracts, and other intangibles (hereinafter collectively, the "Personal Property") on the terms and conditions set forth in this Bill of Sale.

  • Security Interests in Personal Property Section 3.01 Security Interest 11 Section 3.02 Representations and Warranties 13 Section 3.03 Covenants 14

  • Perfected Security Interests (a) As of the Closing Date (or such later date as permitted under Section 5.14) and as of the date of each Borrowing, the Security Documents, taken as a whole, are effective to create in favor of the Collateral Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority security interest in all of the Collateral to the extent purported to be created thereby. (b) As of the Closing Date (or such later date as permitted under Section 5.14) and as of the date of each Borrowing, each Credit Party has or shall have satisfied the Perfection Requirement with respect to the Collateral.

  • Fixtures and Personal Property All machinery, equipment, fixtures (including, but not limited to all heating, air conditioning, plumbing, lighting, communications and elevator fixtures) and other property of every kind and nature whatsoever owned by Borrower, or in which Borrower has or shall have an interest, now or hereafter located upon the Land or the Improvements, or appurtenant thereto, and used in connection with the present or future operation and occupancy of the Land and the Improvements and all building equipment, materials and supplies of any nature whatsoever owned by Borrower, or in which Borrower has or shall have an interest, now or hereafter located upon the Land and the Improvements, or appurtenant thereto, or used in connection with the present or future operation and occupancy of the Land and the Improvements (collectively, the "Personal Property"), and the right, title and interest of Borrower in and to any of the Personal Property which may be subject to any security interests, as defined in the Uniform Commercial Code, as adopted and enacted by the state or states where any of the Property is located (the "Uniform Commercial Code"), superior in lien to the lien of this Security Instrument and all proceeds and products of the above;

  • Location of Real Property The Perfection Certificate lists correctly, in all material respects, as of the Closing Date all Material Real Property owned by the Borrower and the Subsidiary Loan Parties and the addresses thereof. As of the Closing Date, the Borrower and the Subsidiary Loan Parties own in fee all the Real Property set forth as being owned by them in the Perfection Certificate except to the extent set forth therein.

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