Common use of Quebec Interpretation Clause in Contracts

Quebec Interpretation. For purposes of any Collateral located in the Province of Quebec or charged by any deed of hypothec (or any other Credit Document) and for all other purposes pursuant to which the interpretation or construction of a Credit Document may be subject to the laws of the Province of Quebec or a court or tribunal exercising jurisdiction in the Province of Quebec, (i) “personal property” shall be deemed to include “movable property”, (ii) “real property” shall be deemed to include “immovable property”, (iii) “tangible property” shall be deemed to include “corporeal property”, (iv) “intangible property” shall be deemed to include “incorporeal property”, (v) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim” and a “resolutory clause,” (vi) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication under the Civil Code of Quebec, (vii) 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, (viii) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (ix) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (x) an “agent” shall be deemed to include a “mandatary,” (xi) “construction liens” shall be deemed to include “legal hypothecs”, (xii) “joint and several” shall be deemed to include “solidary” and “jointly and severally” shall be deemed to include “solidarily” (xiii) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (xiv) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatary”, (xv) “easement” shall be deemed to include “servitude”, (xvi) “priority” shall be deemed to include “prior claim”, (xvii) “survey” shall be deemed to include “certificate of location and plan”, (xviii) “fee simple title” shall be deemed to include “absolute ownership”, and (xix) “foreclosure” shall be deemed to include “the exercise of a hypothecary recourse”. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any applicable law) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux présentes confirment que c’est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents peuvent être rédigés en langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi applicable).

Quebec Interpretation. For all purposes of any Collateral assets, liabilities or entities located in the Province of Quebec or charged by any deed of hypothec (or any other Credit Document) and for all other purposes pursuant to which the interpretation or construction of a Credit 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 Quebec, (ia) “personal property” shall be deemed to include “movable property”, (iib) “real property” shall be deemed to include “immovable property”, (iiic) “tangible property” shall be deemed to include “corporeal property”, (ivd) “intangible property” shall be deemed to include “incorporeal property”, (ve) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim” and a “resolutory clause,” ”, (vif) all references to filing, registering or recording under the UCC Code or the PPSA shall be deemed to include publication under the Civil Code of Quebec, (viig) 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 lien or security interest as against third parties, (viiih) any “right of offset”, “right of setoff” ’ or similar expression shall be deemed to include a “right of compensation”, (ixi) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (xj) an “agent” shall be deemed to include a “mandatary,” ”, (xik) “construction liens” shall be deemed to include “legal hypothecs”, (xiil) “joint and several” shall be deemed to include “solidary” and “jointly and severally” shall be deemed to include “solidarily” , (xiiim) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (xivn) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatary”, (xvo) “easement” shall be deemed to include “servitude”, (xvip) “priority” shall be deemed to include “prior claim”, (xviiq) “survey” shall be deemed to include “certificate of location and plan”, and (xviiir) “fee simple title” shall be deemed to include “absolute ownership”, and (xix) “foreclosure” shall be deemed to include “the exercise of a hypothecary recourse”. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any applicable law) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux présentes confirment que c’est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents peuvent être rédigés en langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi applicable).

Quebec Interpretation. For purposes of any Collateral located in the Province of Quebec or charged by any deed of hypothec (or any other Credit Document) and for all other purposes pursuant to which the interpretation or construction of a Credit this Agreement or any other Loan Document may be subject to the laws of the Province of Quebec Québec or a court or tribunal exercising jurisdiction in the Province of QuebecQuébec, (i) “personal property” shall be deemed to include “movable property”, (ii) “real property” shall be deemed to include “immovable property”, (iii) “tangible property” shall be deemed to include “corporeal property”, (iv) “intangible property” shall be deemed to include “incorporeal property”, (v) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim” and a “resolutory clause,” ”, (vi) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication under the Civil Code of Quebec, (vii) 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 lien or security interest as against third parties, (viiivii) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (ixviii) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (xix) an “agent” shall be deemed to include a “mandatary,” ”, (xix) “construction liens” or “materialmen’s, repairman’s, construction contractors’, mechanics’ and other like Liens” shall be deemed to include “legal hypothecs”, (xiixi) “joint and several” shall be deemed to include “solidary” and “jointly and severally” shall be deemed to include “solidarily” ”, (xiiixii) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (xivxiii) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatary”, (xvxiv) “easement” shall be deemed to include “servitude”, (xvixv) “priority” shall be deemed to include “prior claim”, (xviixvi) “survey” shall be deemed to include “certificate of location and plan”, (xvii) “accounts” shall include “claims” and “monetary claims”, (xviii) “fee simple title” shall be deemed to include “absolute ownership”, and (xix) “foreclosureleasehold interest” shall be deemed to include “a valid lease”, and (xx) any reference to a PPSA financing statement, financing change statement or like document shall include the exercise equivalent filing under the Civil Code of a hypothecary recourse”. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any applicable law) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux présentes confirment que c’est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents peuvent être rédigés en langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi applicable)Québec.

Quebec Interpretation. For purposes of any Collateral located in the Province of Quebec or charged by any deed of hypothec (or any other Credit Loan Document) and for all other purposes pursuant to which the interpretation or construction of a Credit Loan Document may be subject to the laws of the Province of Quebec or a court or tribunal exercising jurisdiction in the Province of Quebec, (i) “"personal property” " shall be deemed to include “"movable property”", (ii) “"real property” " shall be deemed to include “"immovable property”", (iii) “"tangible property” " shall be deemed to include “"corporeal property”", (iv) “"intangible property” " shall be deemed to include “"incorporeal property”", (v) “"security interest”", “"mortgage” " and “"lien” " shall be deemed to include a “"hypothec”", “"prior claim” " and a “"resolutory clause,” ", (vi) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication under the Civil Code of Quebec, (vii) 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, (viii) any “"right of offset”", “"right of setoff” " or similar expression shall be deemed to include a “"right of compensation”", (ix) “"goods” " shall be deemed to include “"corporeal movable property” " other than chattel paper, documents of title, instruments, money and securities, (x) an “"agent” " shall be deemed to include a “"mandatary,” (xi) “construction liens” shall be deemed to include “legal hypothecs”, (xii) “joint and several” shall be deemed to include “solidary” and “jointly and severally” shall be deemed to include “solidarily” (xiii) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (xiv) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatary”, (xv) “easement” shall be deemed to include “servitude”, (xvi) “priority” shall be deemed to include “prior claim”, (xvii) “survey” shall be deemed to include “certificate of location and plan”, (xviii) “fee simple title” shall be deemed to include “absolute ownership”, and (xix) “foreclosure” shall be deemed to include “the exercise of a hypothecary recourse”. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any applicable law) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux présentes confirment que c’est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents peuvent être rédigés en langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi applicable)."

Quebec Interpretation. 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 Credit Document) Québec and for all other purposes pursuant to which the interpretation or construction of a Credit 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 QuebecQuébec, (i) “personal property” shall be deemed to include “movable property”, (ii) “real property” shall be deemed to include “immovable property”, (iii) “tangible property” shall be deemed to include “corporeal property”, (iv) “intangible property” shall be deemed to include “incorporeal property”, (v) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim”, “reservation of ownership” and a “resolutory clause,” ”, (vi) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication under the Civil Code of QuebecQuébec, (vii) 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, (viii) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (ix) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (x) an “agent” shall be deemed to include a “mandatary,” ”, (xi) “construction liens” shall be deemed to include “legal hypothecshypothecs in favour of persons having taken part in the construction or renovation of an immovable”, ; (xii) “joint and several” shall be deemed to include “solidary” and “jointly and severally” shall be deemed to include “solidarily” ”; (xiii) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, ; (xiv) “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 mandatarymandatary or xxxxx-nom”, ; (xvxvi) “easement” shall be deemed to include “servitude”, ; (xvixvii) “priority” shall be deemed to include “rank” or “prior claim”, as applicable; (xviixviii) “survey” shall be deemed to include “certificate of location and plan”, ; (xviiixix) “state” shall be deemed to include “province”; (xx) “fee simple title” shall be deemed to include “absolute ownership”, and ” (xixincluding ownership under a right of superficies); (xi) “foreclosureground lease” shall be deemed to include “the exercise emphyteusis” or a “lease with a right of superficies”, as applicable; (xii) “leasehold interest” shall be deemed to include “a hypothecary recoursevalid lease”; and (xiii) “lease” shall be deemed to include a “leasing contract”. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any applicable law) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux présentes confirment que c’est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents peuvent être rédigés rédigés, en la langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi applicable)seulement.

Quebec Interpretation. For purposes of interpretation of this Agreement and for purposes of any Collateral located in the Province of Quebec Québec or charged by any deed of hypothec (or any other Credit Loan Document) and for all other purposes pursuant to which the interpretation or construction of a Credit Loan Document may be subject to the laws of the Province of Quebec Québec or a court or tribunal exercising jurisdiction in the Province of Quebec, (ia) “personal property” shall be deemed to include “movable property”, (iib) “real property” shall be deemed to include “immovable property”, (iiic) “tangible property” shall be deemed to include “corporeal property”, (ivd) “intangible property” shall be deemed to include “incorporeal property”, (ve) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim” and a “resolutory clause,” ”, (vif) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication by registration under the Civil Code of Quebec, (viig) 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, (viiih) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (ixi) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (xj) an “agent” shall be deemed to include a “mandatary,”, (k) “foreclosure” shall be deemed to include the “exercise of a hypothecary right”, (l) “lease” shall be deemed to include a “lease” or a “contract of leasing (crédit-bail) “, as applicable, (m) “deposit account” shall be deemed to include a “financial account” (xiwithin the meaning of Article 2713.6 of the Civil Code of Quebec), (n) “construction liens” shall be deemed to include “legal hypothecs”, (xiio) “joint and several” shall be deemed to include “solidary” and “jointly and severally” shall be deemed to include “solidarily” ”, (xiiip) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (xivq) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandataryownership”, (xvr) “easement” shall be deemed to include “servitude”, (xvis) “priority” shall be deemed to include “prior claim” or “rank”, as applicable, (t) “legal title” shall be deemed to include “holding title on behalf of an owner as mandatary or xxxxx-nom”, (xviiu) “survey” shall be deemed to include “certificate of location and plan”, (xviiiv) “fee simple title” and “fee title” shall be deemed to include “absolute right of ownership”, and (xixw) “foreclosureaccounts” shall be deemed to include “the exercise of claims” (including “monetary claims”), (x) “leasehold interest” shall be deemed to include “valid rights resulting from a hypothecary recourselease”, and (y) “guarantee” or “guaranty” and “guarantor” shall include “suretyship” and “surety”. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any applicable lawLaw) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Each party hereto hereby confirms that it was represented by legal counsel and has had the opportunity to negotiate the terms of this Agreement and any other Loan Documents, including the essential stipulations thereof, with the assistance of its legal counsel. Les parties aux présentes confirment que c’est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents peuvent être rédigés en langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi applicable). Chaque partie aux présentes confirme qu’elle a été représentée par des conseillers juridiques et a eu l’opportunité de négocier les termes de cette convention et des autres documents de crédit, y compris leurs stipulations essentielles, avec l’aide de ses conseillers juridiques.

Quebec Interpretation. For purposes of the interpretation or construction of this Agreement pursuant to the laws of the Province of Quebec, for purposes of any Collateral located in the Province of Quebec or charged by any deed of hypothec (or any other Credit Financing Document) and for all other purposes pursuant to which the interpretation or construction of a Credit any Financing Document may be subject to the laws of the Province of Quebec or a court or tribunal exercising jurisdiction in the Province of Quebec, (ia) “personal property” shall be deemed to include “movable property”, (iib) “real property” shall be deemed to include “immovable property”, (iiic) “tangible property” shall be deemed to include “corporeal property”, (ivd) “intangible property” shall be deemed to include “incorporeal property”, (ve) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, a “reservation of ownership”, a “prior claim” and a “resolutory clause,” ”, (vif) all references to filing, registering or recording under the UCC PPSA or the PPSA UCC shall be deemed to include publication under the Civil Code of QuebecQuébec, (viig) 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, (viiih) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (ixi) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (xj) an “agent” shall be deemed to include a “mandatary,” ”, (xik) “construction liens” shall be deemed to include “legal hypothecshypothecs in favour of persons having taken part in the construction or renovation of an immovable”, (xiil) “joint and several” shall be deemed to include “solidary” and “jointly and severally” shall be deemed to include “solidarily” ”, (xiiim) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (xivn) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatary”, (xvo) “legal title” shall be deemed to include “holding title on behalf of an owner as mandatary or pxxxx-nom”, (p) “easement” shall be deemed to include “servitude”, (xviq) “priority” shall be deemed to include “prior claim” or “rank”, as applicable, (xviir) “survey” shall be deemed to include “certificate of location and plan”, (xviiis) “fee simple title” and “fee title” shall be deemed to include “absolute right of ownership”, and (xixt) “foreclosure” shall be deemed to include “the exercise of a hypothecary recourseright”, (u) “leasehold interest” shall be deemed to include “valid rights resulting from a lease”, (v) “lease” for personal or movable property shall be deemed to include a “contract of leasing (crédit-bail)”, (x) “deposit account” shall include a “financial account” as defined in Article 2713.6 of the Civil Code of Québec, and (y) “guarantee” and “guarantor” shall include “suretyship” and “surety”, respectively. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any applicable requirement of law) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux présentes confirment que c’est c'est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés envisages par cette convention et les autres documents peuvent être rédigés en langue anglaise seulement (sauf si une autre langue est requise en vertu d’une d'une loi applicable).

Quebec Interpretation. 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 Credit Document) and for all other purposes pursuant to which the interpretation or construction of a Credit 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 Quebec, (ia) “personal property” shall be deemed to include “movable property”, (iib) “real property” or “real estate” shall be deemed to include “immovable property”, ” and “Mining Rights” which are immovable real rights (iiior are deemed to be immovable real rights) under the laws of the Province of Quebec (c) “tangible property” shall be deemed to include “corporeal property”, (ivd) “intangible property” shall be deemed to include “incorporeal property”, (ve) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “right of retention”, “prior claim” and , “reservation of ownership”, a “resolutory clause,” ; (vif) all references to filing, perfection, registering or recording under the UCC or the PPSA a Personal Property Security Act shall be deemed to include publication under the Civil Code of Quebec, (viig) 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, (viiih) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (ixi) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (xj) an “agent” shall be deemed to include a “mandatary,” ”, (xik) “construction liens” or “mechanics, materialmen, repairmen, construction contractors or other like Liens” shall be deemed to include “legal hypothecs” and “legal hypothecs in favour of Persons having taken part in the construction or renovation of an immovable”, (xiil) “joint and several” shall be deemed to include “solidary” and “jointly and severally” shall be deemed to include “solidarily” ”, (xiiim) “gross negligence or willful wilful misconduct” shall be deemed to be “intentional or gross fault”, (xivn) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatary”, (xvo) “easement” shall be deemed to include “servitude”, (xvip) “priority” shall be deemed to include “rank” or “prior claim”, as applicable (xviiq) “survey” shall be deemed to include “certificate of location and plan”, (xviiir) “state” shall include “province”, (s) “fee simple title” shall be deemed to include “absolute ownership” and “ownership” (including ownership under a right of superficies), (t) “accounts” shall include “claims”, (u) “legal title” shall include “holding title on behalf of an owner as mandatory or xxxxx-nom”, (v) “ground lease” shall include “emphyteusis” or a “lease with a right of superficies, as applicable, (w) “leasehold interest” shall include a “valid lease”, (x) “lease” shall include a “leasing contract” and (xixy) “foreclosureguarantee” and “guarantor” shall be deemed to include “the exercise of a hypothecary recoursesuretyship” and “surety”. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any applicable law) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux présentes confirment que c’est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents peuvent être rédigés en langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi applicable)respectively.”

Quebec Interpretation. Clause For purposes of any Collateral property located in the Province of Quebec or charged by any deed of hypothec (or any other Credit DocumentDocument governed by the laws of the Province of Quebec) and for all other purposes pursuant to which the interpretation or construction of a Credit Document may be subject to the laws of the Province of Quebec or a court or tribunal exercising jurisdiction in the Province of Quebec, (ia) “personal property” shall be deemed to include “movable property”, (iib) “real property” shall be deemed to include “immovable property”, (iiic) “tangible property” shall be deemed to include “corporeal property”, (ivd) “intangible property” shall be deemed to include “incorporeal property”, (ve) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim” and a “resolutory clause,” (vif) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication under the Civil Code of QuebecQuébec, (viig) all references to “perfection” of or “perfected” Liens shall be deemed to include a reference to an “opposable” or “set up” Liens Lien as against third parties, (viiih) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (ixi) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (xj) an “agent” shall be deemed to include a “mandatary,” (xik) “construction liens” shall be deemed to include “legal hypothecs”, (xiil) “joint and several” shall be deemed to include “solidary” and “jointly and severally” shall be deemed to include “solidarily” (xiiim) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (xivn) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandataryownership”, (xvo) “easement” shall be deemed to include “servitude”, (xvip) “priority” shall be deemed to include “rank” or “prior claim”, as applicable (xviiq) “survey” shall be deemed to include “certificate of location and plan”, (xviiir) “fee simple title” shall be deemed to include “absolute ownership”, and (xixs) “foreclosureleasehold interest” shall be deemed to include “the exercise rights resulting from a lease”, and (t) “lease” shall be deemed to include a “contract of a hypothecary recourseleasing (crédit-bail)”. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any applicable law) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux présentes confirment que c’est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents peuvent être rédigés en langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi applicable).

Quebec Interpretation. For purposes of interpretation of this Agreement and for purposes of any Collateral located in the Province of Quebec or charged by any deed of hypothec (or any other Credit DocumentLoan Document governed by the Laws of the Province of Quebec) and for all other purposes pursuant to which the interpretation or construction of a Credit Loan Document may be subject to the laws Laws of the Province of Quebec or a court or tribunal exercising jurisdiction in the Province of QuebecQuébec, (ia) “personal property” shall be deemed to include “movable property”, (iib) “real property” shall be deemed to include “immovable property”, (iiic) “tangible property” shall be deemed to include “corporeal property”, (ivd) “intangible property” shall be deemed to include “incorporeal property”, (ve) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “prior claim” and a “resolutory clause,” ”, (vif) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication under the Civil Code of Quebec, (viig) all references to “perfection” of or “perfected” Liens Encumbrances shall be deemed to include a reference to an “opposable” or “set up” Liens Encumbrances as against third parties, (viiih) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (ix) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (xi) an “agent” shall be deemed to include a “mandatary,” ”, (xik) “construction liens” shall be deemed to include “legal hypothecs”, (xiil) “joint and several” shall be deemed to include “solidary” and “jointly and severally” shall be deemed to include “solidarily” ”, (xiiim) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (xivn) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandataryownership”, (xvo) “easement” shall be deemed to include “servitude”, (xvi) “priority” shall be deemed to include “prior claim”, (xvii) “survey” shall be deemed to include “certificate of location and plan”, (xviii) “fee simple title” shall be deemed to include “absolute ownership”, and (xix) “foreclosure” shall be deemed to include “the exercise of a hypothecary recourse”. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any applicable law) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux présentes confirment que c’est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents peuvent être rédigés en langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi applicable).

Quebec Interpretation. 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 Credit Document) and for all other purposes pursuant to which the interpretation or construction of a Credit 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 Quebec, (ia) “personal property” shall be deemed to include “movable property”, (iib) “real property” or “real estate” shall be deemed to include “immovable property”, (iiic) “tangible property” shall be deemed to include “corporeal property”, (ivd) “intangible property” shall be deemed to include “incorporeal property”, (ve) “security interest”, “mortgage” and “lien” shall be deemed to include a “hypothec”, “right of retention”, “prior claim”, “reservation of ownership” and a “resolutory clause,” , (vif) all references to filing, perfection, priority, remedies, registering or recording under the UCC Uniform Commercial Code or the PPSA shall be deemed to include publication under the Civil Code of Quebec, (viig) 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, (viiih) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (ixi) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (xj) an “agent” shall be deemed to include a “mandatary,” ”, (xik) “construction liens” or “mechanics, materialmen, repairmen, construction contractors or other like Liens” shall be deemed to include “legal hypothecs” and “legal hypothecs in favor of persons having taken part in the construction or renovation of an immovable”, (xiil) “joint and several” shall be deemed to include “solidary” and “jointly and severally” shall be deemed to include “solidarily” ”, (xiiim) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (xivn) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatary”, (xvo) “easement” shall be deemed to include “servitude”, (xvip) “priority” shall be deemed to include “rank” or “prior claim”, as applicable (xviiq) “survey” shall be deemed to include “certificate of location and plan”, (xviiir) “state” shall include “province”, (s) “fee simple title” shall be deemed to include “absolute ownership” and “ownership” (including ownership under a right of superficies), (t) “accounts” shall include “claims”, and (xixu) “foreclosurelegal title” shall be deemed to including “holding title on behalf of an owner as mandatory or pxxxx-nom”, (v) “ground lease” shall include “the exercise emphyteusis” or a “lease with a right of superficies”, as applicable, (w) “leasehold interest” shall include a hypothecary recourse“valid lease”, (x) “lease” shall include a “leasing contract” and (y) “guarantee” and “guarantor” shall include “suretyship” and “surety”, respectively. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any applicable lawLaw) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux présentes confirment que c’est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents peuvent être rédigés en langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi applicable).