Hypothecated Property definition

Hypothecated Property means all book debts and receivables of the Company more particularly described in FIRST SCHEDULE hereunder hypothecated and charged by way of security; in terms of the provisions of Clause 11 hereof.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Hypothecated Property means the property hypothecated hereunder more fully described in Section 4 of this Agreement.

Hypothecated Property means any and all property, rights and interest, present and future, intended to be charged by the hypothecs created under Article 2 hereof, all substitutions and replacements thereof, all increases, additions and accessions thereto, all rights attaching thereto and all proceeds in any form derived directly or indirectly from any dealing with any of the foregoing or the proceeds therefrom.

Examples of Hypothecated Property in a sentence

• The Borrower certifies that the Borrower has made reasonable investigations and enquiries and that, to the best of the Borrower’s knowledge, the Borrower is not aware of any environmental condition affecting any of the Hypothecated Property which would constitute a material breach of any environmental laws or which would negatively alter the value of the Hypothecated Property.

• In this case, the Borrower will pay the Lender, immediately upon demand, all of the Lender’s costs and expenses including legal fees related to investigating title to the Hypothecated Property and for registering the hypothecs created under this Contract.

• If payments under this Contract is secured by an insurance, the insurer or its agents, may enter and inspect the Hypothecated Property and conduct any environmental testing, site assessment, investigation or study that its consider necessary.

• The Borrower certifies that if there is an underground or aboveground storage tank on the Hypothecated Property it, and the operation of such a tank, is in full compliance with all laws, regulations, by-laws, orders and other legally binding requirements relating to underground and aboveground storage tanks, the protection of the environment, hazardous materials or public health and safety.

• The Borrower will also pay all accounts for utilities supplied to the Hypothecated Property and all charges, hypothecs, priorities and other encumbrances on the Hypothecated Property when they are due and comply with the Borrower's other obligations under them.

More Definitions of Hypothecated Property

Hypothecated Property means, as the context requires, the property of the Grantors or any one of the Grantors hypothecated or charged or intended to be hypothecated or charged under Section 2.2 hereof;

Hypothecated Property means all property, assets and undertaking of the Grantor charged pursuant to Section 2.1 of this Agreement and shall include all or any part thereof;

Hypothecated Property means all movable and immovable property of the Grantor, corporeal and incorporeal, tangible and intangible, present and future, of any nature whatsoever and wheresoever situated, subjected or intended to be subjected to the hypothec created or intended to be created herein as set out in Section 4 hereof;

Hypothecated Property means all book debts and receivables of the Company more particularly described in SCHEDULE I hereunder hypothecated and charged by way of security pursuant to Clause 3 (Hypothecation and Charge) of this Deed;

Hypothecated Property shall have the meaning ascribed to it in Section 2.1;

Hypothecated Property means the property described in Schedule II hereto and shall be deemed to include the Replacement Property identified in Clause 6.1 below and any other property identified as additional security being provided in terms of Clause 7.1 below;

Hypothecated Property means the universality comprising all of the Grantor's property, rights, interests and assets, movable and immovable, corporeal and incorporeal, both present and future, of whatsoever nature or kind and wheresoever situate, including, without limitation, the Immovable Property and the Movable Property, but excluding the Excluded Property.