Common use of Quebec Interpretation Clause in Contracts

Quebec Interpretation. For purposes of any Collateral located in the Province of Québec or charged by the Canadian Deed of Hypothec and for all other purposes pursuant to which the interpretation or construction of 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, (a) “priority” shall be deemed to include “rank” or “prior claim”, as applicable, (b) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatary”, (c) “fee owned” shall be deemed to include “owned”, (d) “leasehold interest” and “leasehold rights” shall be deemed to include “rights resulting from a lease”, (e) “lease” shall be deemed to include a “contract of leasing (crédit-bail)”, (f) “personal property” shall be deemed to include “movable property”, (g) “real property” shall be deemed to include “immovable property”, (h) “tangible property” shall be deemed to include “corporeal property”, (i) “intangible property” shall be deemed to include “incorporeal property”, (j) “

Appears in 2 contracts

Sources: First Amendment to Credit Agreement (Acuren Corp), Credit Agreement (Acuren Corp)

Quebec Interpretation. For purposes of any Collateral assets, liabilities, entities or Persons located in the Province of Québec or charged by the Canadian Deed of Hypothec and for all other purposes pursuant to which the interpretation or construction of this Agreement may be subject to the laws of the Province of Quebec Québec or a court or tribunal Governmental Entity exercising jurisdiction in the Province of QuebecQuébec, and irrespective as to whether such terms or capitalized or not capitalized (a) “prioritypersonal property” shall include “movable property”, (b) “real property” or “real estate” shall include “immovable property”, (c) “tangible personal property” shall include “corporeal movable property”, (d) “security interest”, “mortgage” and “lien” shall include a “hypothec”, “right of retention”, “prior claim and a resolutory clause”, (e) “goods” shall include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (f) an “agent” shall include a “mandatary”, (g) “gross negligence or wilful misconduct” shall be deemed to include be rank” intentional or “prior claimgross fault, as applicable, ; (bh) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatary”, (c) “fee owned” shall be deemed to include “owned”, (d) “leasehold interest” and “leasehold rights” shall be deemed to include “rights resulting from a lease”, (e) “lease” shall be deemed to include a “contract of leasing (crédit-bail)”, (f) “personal property” shall be deemed to include “movable property”, (g) “real property” shall be deemed to include “immovable property”, (h) “tangible property” shall be deemed to include “corporeal property”, ; (i) “intangible propertyeasement” shall be deemed to include “incorporeal propertyservitude, ; (j) “accounts” shall include “claims”, (k) “eminent domain” and “condemnation” shall include “expropriation” and (l) “tort” shall include “extra-contractual liability”. [Signature page follows]

Appears in 2 contracts

Sources: Merger Agreement (Patterson Companies, Inc.), Merger Agreement (Patterson Companies, Inc.)

Quebec Interpretation. For purposes of any Collateral located in the Province of Québec or charged by the Canadian Deed of Hypothec and for all other purposes pursuant to which the interpretation or construction of 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, (a) “priority” shall be deemed to include “rank” or “prior claim”, as applicable, (b) “beneficial ownership” shall be deemed to include “ownership on behalf of another as mandatary”, (c) “fee owned” shall be deemed to include “owned”, (d) “leasehold interest” and “leasehold rights” shall be deemed to include “rights resulting from a lease”, (e) “lease” shall be deemed to include a “contract of leasing (crédit-bail)”, (f) “personal property” shall be deemed to include “movable property”, (g) “real property” shall be deemed to include “immovable property”, (h) “tangible property” shall be deemed to include “corporeal property”, (i) “intangible property” shall be deemed to include “incorporeal property”, (j) “security interest”, “lien” and “

Appears in 1 contract

Sources: Credit Agreement (Acuren Corp)

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 Québec Quebec or charged by the Canadian Deed any deed of Hypothec hypothec (or any Other Document) and for all other purposes pursuant to which the interpretation or construction of this Agreement any Other Document may be subject to the laws of the Province of Quebec or a court or tribunal exercising jurisdiction in the Province of Quebec, (a) “priority” "personal property" shall be deemed to include “rank” or “prior claim”, as applicable"movable property", (b) “beneficial ownership” "real property" shall be deemed to include “ownership on behalf of another as mandatary”"immovable property", (c) “fee owned” "tangible property" shall be deemed to include “owned”"corporeal property", (d) “leasehold interest” and “leasehold rights” "intangible property" shall be deemed to include “rights resulting from a lease”"incorporeal property", (e) “lease” "security interest", "mortgage" and "lien" shall be deemed to include a “contract "hypothec", a "reservation of leasing (crédit-bail)”ownership", "prior claim" and a "resolutory clause," (f) “personal property” all references to filing, registering or recording under the PPSA shall be deemed to include “movable property”publication under the Civil Code of Québec, (g) “real property” shall be deemed all references to include “immovable property”, (h) “tangible property” shall be deemed to include “corporeal property”, (i) “intangible property” shall be deemed to include “incorporeal property”, (j) “"perfection"

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (B. Riley Financial, Inc.)