Audiovox 2012 Annual Report Download - page 310

 
None of the Foreign Obligations shall be secured by, or satisfied by using either directly or indirectly, interest bearing medium or
long term accounts or other interest bearing medium or long term assets ( 
 ) (jointly, “Interest Bearing Accounts”) of the Domestic Credit Parties held
by the Administrative Agent or the Lenders or any other party.
 
For all 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) “personal property” shall include
“movable property”, (b) “real property” shall include “immovable property”, (c) “tangible property” shall include “corporeal property”,
(d) “intangible property” shall include “incorporeal property”, (e) “security interest”, “mortgage” and “lien” shall include a “hypothec”,
“prior claim” and a “resolutory clause”, (f) all references to filing, registering or recording under the Code or PPSA shall include
publication under the Civil Code of Quebec, (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”.
 
The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the
transactions contemplated hereby be drawn up in the English language only and that all other documents contemplated hereunder or
relating hereto, including notices, shall 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.
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