Common use of Movable Property Clause in Contracts

Movable Property. All movable property owned by the Grantor and covered by the installment or conditional sales mentioned in paragraph 3.2.3 hereof. A right or a claim shall not be excluded from the Charged Property by reason of the fact that: (i) the debtor thereof is domiciled outside the Province of Québec or (ii) the debtor thereof is an affiliate (as such term is defined in the Canada Business Corporations Act) of the Grantor (regardless of the law of the jurisdiction of its incorporation) or (iii) such right or claim is not related to the operation of the Grantor or (iv) such right or claim is not related to the ordinary course of business of the Grantor.

Movable Property. All movable property owned by the Grantor and covered by the installment or conditional instalment sales mentioned in paragraph 3.2.3 4.5.3 hereof. A right or a claim shall not be excluded from the Charged Property by reason of the fact thatproperty merely because: (i) the debtor thereof is not domiciled outside in the Province of Québec Quebec or (ii) the debtor thereof is an affiliate (as such term is defined in the Canada Business Corporations Act) of the Grantor (regardless of the law of the jurisdiction of its incorporation) or (iii) such right or claim is not related to the operation of the Grantor or (iv) such right or claim is not related to the ordinary course of business or the operations of the Grantor.