Common use of Quebec Interpretation Clause Clause in Contracts

Quebec Interpretation Clause. For purposes of any Collateral located in the Province of Quebec or charged by any deed of hypothec (or any other Loan Document) and for all other purposes pursuant to which the interpretation or construction of a Loan Document may be subject to the laws of the Province of Quebec or a court or tribunal exercising jurisdiction in the Province of Québec, (a) “personal property” shall be deemed to include “movable property”, (b) “real property” shall be deemed to include “immovable property”, (c) “tangible property” shall be deemed to include “corporeal property”, (d) “intangible property” shall be deemed to include “incorporeal property”, (e) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim” and a “resolutory clause”, (f) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication under the Civil Code, (g) all references to “perfection” of or “perfected” Liens shall be deemed to include a reference to an “opposable” or “set up” Liens as against third parties, (h) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (i) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (j) an “agent” shall be deemed to include a “mandatary”, (k) “construction liens” shall be deemed to include “legal hypothecs”, (l) “joint and several” shall be deemed to include “solidary”, (m) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (n) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatory”, (o) “easement” shall be deemed to include “servitude”, (p) “priority” shall be deemed to include “prior claim”, (q) “survey” shall be deemed to include “certificate of location and plan”, and (r) “fee simple title” shall be deemed to include “absolute ownership”.

Quebec Interpretation Clause. For purposes of any Collateral assets, liabilities or entities located in the Province of Quebec or charged by any deed of hypothec (or any other Loan Document) Québec and for all other purposes pursuant to which the interpretation or construction of a Loan Document this Agreement may be subject to the laws of the Province of Quebec Québec or a court or tribunal exercising jurisdiction in the Province of Québec, (ai) “personal property” shall be deemed to include “movable property”, (bii) “real property” shall be deemed to include “immovable property”, (ciii) “tangible property” shall be deemed to include “corporeal property”, (div) “intangible property” shall be deemed to include “incorporeal property”, (ev) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim”, “reservation of ownership” and a “resolutory clause”, (fvi) all references to filing, registering or recording under the UCC Uniform Commercial Code or the PPSA Personal Property Security Act shall be deemed to include publication under the Civil CodeCode of Québec, (gvii) all references to “perfection” of or “perfected” Liens liens or security interest shall be deemed to include a reference to an “opposable” or “set up” Liens hypothec as against third parties, (hviii) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (iix) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (jx) an “agent” shall be deemed to include a “mandatary”, (kxi) “construction liens” shall be deemed to include “legal hypothecshypothecs in favour of persons having taken part in the construction or renovation of an immovable”, ; (lxii) “joint and several” shall be deemed to include “solidary”, ; (mxiii) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, ; (nxiv) “beneficial ownership” shall be deemed to include “ownership ownership”; (xv) “legal title” shall be deemed to include “holding title on behalf of another an owner as mandatorymandatary or pxxxx-nom”, ; (oxvi) “easement” shall be deemed to include “servitude”, ; (pxvii) “priority” shall be deemed to include “rank” or “prior claim”, as applicable; (qxviii) “survey” shall be deemed to include “certificate of location and plan”, and ; (rxix) “state” shall be deemed to include “province”; (xx) “fee simple title” shall be deemed to include “absolute ownership” (including ownership under a right of superficies); (xi) “ground lease” shall be deemed to include “emphyteusis” or a “lease with a right of superficies”, as applicable; (xii) “leasehold interest” shall be deemed to include “a valid lease”; (xiii) “lease” shall be deemed to include a “contract of leasing (crédit-bail)” and (xiv) “deposit account” shall include a “financial account” as defined in Article 2713.6 of the Civil Code of Québec.

Quebec Interpretation Clause. For purposes of any Collateral assets, liabilities or entities located in the Province of Quebec or charged by any deed of hypothec (or any other Loan Document) and for all other purposes pursuant to which the interpretation or construction of a Loan Document this Agreement may be subject to the laws of the Province of Quebec or a court or tribunal exercising jurisdiction in the Province of QuébecQuebec, (a) a “personal property” shall be deemed to include “movable property”, (b) “real property” shall be deemed to include “immovable property”, (c) “tangible property” shall be deemed to include “corporeal property”, (d) “intangible property” shall be deemed to include “incorporeal property”, (e) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim”, “reservation of ownership” and a “resolutory clause”, (f) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication under the Civil CodeCode of Quebec, (g) all references to “perfection” of or “perfected” Liens liens or security interest shall be deemed to include a reference to an “opposable” or “set up” Liens hypothec as against third parties, (h) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (i) “goods” shall “be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (j) an “agent” shall be deemed to include a “mandatary”, (k) “construction liens” shall be deemed to include “legal hypothecshypothecs in favor of persons having taken part in the construction or renovation of an immovable”, ; (l1) “joint and several” shall be deemed to include “solidary”, ; (m) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, ; (n) “beneficial ownership” shall be deemed to include “ownership ownership”; (o) “legal title” shall be deemed to include “holding title on behalf of another an owner as mandatorymandatary or xxxxx-nom”, ; (op) “easement” shall be deemed to include “servitude”, ; (pq) “priority” shall be deemed to include “rank” or “prior claim”, as applicable; (qr) “survey” shall be deemed to include “certificate of location and plan”, and ; (rs) “state” shall be deemed to include “province”; (t) “fee simple title” shall be deemed to include “absolute ownership” (including ownership under a right of superficies); (u) “ground lease” shall be deemed to include “emphyteusis” or a “lease with a right of superficies”, as applicable; (v) “leasehold interest” shall be deemed to include “valid rights resulting from a lease”; (w) “lease” shall be deemed to include a “contract of leasing (credit-bail)” and (x) “deposit account” shall include a “financial account” as defined in Article 2713.6 of the Civil Code of Quebec.

Quebec Interpretation Clause. For purposes of any Collateral located in the Province of Quebec or charged by any deed of hypothec (or any other Loan DocumentDocument governed by the laws of the Province of Quebec) and for all other purposes pursuant to which the interpretation or construction of a Loan Document may be subject to the laws of the Province of Quebec or a court or tribunal exercising jurisdiction in the Province of Québec, (a) “personal property” shall be deemed to include “movable property”, (b) “real property” shall be deemed to include “immovable property”, (c) “tangible property” shall be deemed to include “corporeal property”, (d) “intangible property” shall be deemed to include “incorporeal property”, (e) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim” and a “resolutory clause”, (f) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication under the Civil Code, (g) all references to “perfection” of or “perfected” Liens shall be deemed to include a reference to an “opposable” or “set up” Liens as against third parties, (h) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (i) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (j) an “agent” shall be deemed to include a “mandatary”, (k) “construction liens” shall be deemed to include “legal hypothecs”, (l) “joint and several” shall be deemed to include “solidary”, (m) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (n) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatory”, (o) “easement” shall be deemed to include “servitude”, (p) “priority” shall be deemed to include “prior claim”, (q) “survey” shall be deemed to include “certificate of location and plan”, and (r) “fee simple title” shall be deemed to include “absolute ownership”.

Quebec Interpretation Clause. For purposes of any Collateral assets, liabilities or entities located in the Province of Quebec or charged by any deed of hypothec (or any other Loan Document) Québec and for all other purposes pursuant to which the interpretation or construction of a Loan Document this Agreement may be subject to the laws of the Province of Quebec Québec or a court or tribunal exercising jurisdiction in the Province of Québec, (a) “personal property” shall be deemed to include “movable property”, (b) “real property” shall be deemed to include “immovable property”, (c) “tangible property” shall be deemed to include “corporeal property”, (d) “intangible property” shall be deemed to include “incorporeal property”, (e) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim”, “reservation of ownership” and a “resolutory clause”, (f) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication under the Civil CodeCode of Québec, (g) all references to “perfection” of or “perfected” Liens liens or security interest shall be deemed to include a reference to an “opposable” or “set up” Liens hypothec as against third parties, (h) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (i) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (j) an “agent” shall be deemed to include a “mandatary”, (k) “construction liens” shall be deemed to include “legal hypothecshypothecs in favor of persons having taken part in the construction or renovation of an immovable”, ; (l) “joint and several” shall be deemed to include “solidary”, ; (m) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (n) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatory”, (o) “easement” shall be deemed to include “servitude”, (p) “priority” shall be deemed to include “prior claim”, (q) “survey” shall be deemed to include “certificate of location and plan”, and (r) “fee simple title” shall be deemed to include “absolute ownership”.or