Hypothec means the rights created by this Deed of Hypothec in your Property, in the Rent it produces, if any, and in the insurance associated with such Property and such Rent and the rights arising from any renewal, amendment or replacement of this Deed of Hypothec.

Hypothec means collectively the hypothecation and the additional hypothecation of the Charged Property by the Grantor in favour of the Creditor created pursuant to Clauses 3.1 and 3.2 hereof;

Hypothec. “prior claim” and a “resolutory clause”, (f) all references to filing, registering or recording under the UCC or PPSA shall include publication under the Civil Code of Québec, (g) all references to “perfection” of or “perfected” liens or security interest shall include a reference to an “opposable” or “set up” lien or security interest as against third parties, (h) any “right of offset”, “right of setoff” or similar expression shall include a “right of compensation”, (i) “goods” shall include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (j) an “agent” shall include a “mandatary”, (k) “construction liens” shall include “legal hypothecs”, (l) “joint and several” shall include “solidary”, (m) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (n) “beneficial ownership” shall include “ownership on behalf of another as mandatary”, (o) “easement” shall include “servitude”, (p) “priority” shall include “prior claim”, (q) “survey” shall include “certificate of location and plan”, and (r) “fee simple title” shall include “absolute ownership”.

Examples of Hypothec in a sentence

Quebec, only The Mortgagee requires evidence that the loan and the Hypothec have been duly authorized and executed by the trustees of the trust.
The Mortgagee must obtain an opinion from a lawyer or notary acting for the trust indicating the identity of the trustees and of the beneficiaries, the number of trustees required to bind the trust, confirmation that the loan and Hypothec fall within the purposes for which the trust was constituted and that the trustees are authorized to enter into the loan agreement and to grant the hypothec.
In order to avoid unnecessary delay, we strongly suggest that you make an appointment with the Customer’s branch for the signing of the Deed of Hypothec and to obtain the appropriate resolution.
If the home is to be permanently affixed to the mortgaged property but has not yet been delivered, you must download from our legal documents web site and prepare the Security Agreement (Security Interest in Consumer Goods) Form 944, in Quebec Deed of Movable Hypothec (Form 805).
In order to avoid unnecessary delay, we strongly suggest that you make an appointment with the Mortgagor’s branch for the signing of the Deed of Hypothec and to obtain the appropriate resolution.

More Definitions of Hypothec

Hypothec means the rights created by this Deed of Loan in your Property, in the Rent it produces, if any, and in the insurance associated with such Property and such Rent. The word “Hypothec” includes all the hypothecs granted to secure the Loan.

Hypothec means this deed and all amendments, replacements, restatements, supplements and substitutions thereto.

Hypothec means a hypothec on an immovable property under the laws of the Province of Québec;

Hypothec shall have the meaning ascribed to it in Section 4 hereof;

Hypothec herein shall have the meaning ascribed thereto in the preamble to this agreement;

Hypothec means, collectively, the hypothecs, pledge agreements and security interests in favour of the Purchaser or Fonde de Pouvoir or collateral agent acting on its behalf: (i) evidencing, subject to Permitted Senior Encumbrances, a first-ranking hypothec without delivery of any securities, limited liability company interests, limited partnership or similar participation interests held by the Corporation in OVOS Natural Health Inc., XXXXXX Health (US) LLC, XXXXXX Health Luxco I S.à.x.x. & Cie S.C.S., 4166591 Canada Inc. and XXXXXX Health (Innodia) Inc.; (ii) evidencing, subject to Permitted Senior Encumbrances, a first-ranking pledge of any securities and instruments held by 4166591 Canada Inc in the capital of XXXXXX Health (Innodia) Inc., together with all certificates or documents evidencing such share, interests or securities ownership, endorsements and stock transfer forms in blank and (iii) constituting, subject to Permitted Senior Encumbrances, a first-ranking charge on all other present and future, incorporeal and corporeal movable property of each of the Corporation, OVOS Natural Health Inc., 4166591 Canada Inc. and XXXXXX Health (Innodia) Inc., other than any and all present and future Restructured Notes;

Hypothec means a hypothec substantially in the form of Exhibit M-1.