Common use of PROPERTY IN STOCK Clause in Contracts

PROPERTY IN STOCK. All property in stock or inventory of every nature and kind of the Grantor whether in its possession, in transit or held on its behalf, including raw materials, work in process, finished goods or other materials, goods manufactured or transformed, or in the process of being so, by the Grantor or by others, packaging materials, property evidenced by xxxx of lading, animals, mineral substances, hydrocarbons and other products of the soil as well as all fruits thereof from the time of their extraction (hereinafter the "Property in stock"). The Property in stock held by third parties under a lease agreement, a leasing contract, a franchise or licence agreement, or any other agreement entered into with or on behalf of the Grantor, is also subject to this Hypothec. 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.