grantor
Definisie in die woordeboek Engels
grantor
Definisies
(law) a person who grants something.
A person who grants something.
noun
(law)
a person who makes a grant in legal form; "conveyed from grantor to grantee"
noun
sinonieme
granter
antonieme
grantee
grammatika
grantor ( plural grantors)
grantor (plural grantors)
voorbeelde
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That is because the mutuality of obligations between the parties (the grantor and the depositary bank) owing money to each other, and typically required for set-off under applicable law, is no longer presentMultiUn MultiUn
The law should also permit discharge of a registration by agreement of the secured creditor and the grantor.UN-2 UN-2
ii) If the depositary bank has concluded a control agreement evidenced by an authenticated record with the grantor and the secured creditor, according to which the depositary bank has agreed to follow instructions from the secured creditor with respect to the payment of funds credited to the bank account without further consent of the grantor; orMultiUn MultiUn
(k) “Equipment” means a tangible asset other than inventory or consumer goods that is primarily used or intended to be used by the grantor in the operation of its business;UN-2 UN-2
If the security right is already in existence, the time at which a registration takes legal effect may also be critical to the resolution of competing rights between a secured creditor and a buyer or lessee of the encumbered asset, or the grantor's unsecured creditors and insolvency representativeMultiUn MultiUn
In the absence of insolvency, the secured creditor would have to account to the grantor for the surplus proceedsMultiUn MultiUn
So, for example, if a grantor receives a certain amount of petrol as a swap for crude oil that has been sold and the petrol is commingled in a tank, the security right should continue into a proportion of the petrol in the tank as long as the secured creditor can prove that that amount of petrol was received as proceeds, and no additional steps are required in order to create (or preserve) the security right in these commingled tangible proceeds.UN-2 UN-2
A security right in intellectual property may also be created under the law of the State in which the grantor is located and may also be made effective under that law against third parties other than another secured creditor, a transferee or a licensee.UN-2 UN-2
During the earlier part of the meeting the Commission had discussed the terms “grantor” and “secured creditor” in the draft Registry Guide.UN-2 UN-2
The law should provide that after default the grantor is entitled to exercise one or more of the following rights:UN-2 UN-2
“Security agreement” means an agreement, in whatever form or terminology, between a grantor and a secured creditor that creates a security right.UN-2 UN-2
The identifier of the grantor;UN-2 UN-2
[Unless otherwise agreed between the grantor and the secured creditor,] the grantor represents at the time of conclusion of the security agreement that:UN-2 UN-2
This in turn eliminates the delay in extending credit to the grantor that would otherwise result if registration could be made only after the security agreement had been concluded.UN-2 UN-2
It was also clear that the definition of a competing claimant referred to competition between two or more persons that derived their interest from the same grantor.UN-2 UN-2
The grantor may also sell assets that are subject to existing security rightsMultiUn MultiUn
In any case, if there is no authorization, registration is not effective and the grantor may request its cancellation through summary judicial or administrative proceedings (while other law may provide for penalties for fraudulent registrations).UN-2 UN-2
[Note to the Working Group: The Working Group may wish to note that the commentary will explain that, pursuant to recommendation 8 (see A/CN.9/WG.VI/WP.21), a security right in a right to payment of funds credited to a bank account may be created by agreement between the grantor and the secured creditor.]UN-2 UN-2
To the extent that the fruits are in kind (e.g. increase in animals, stock dividends), the grantor may use and exploit them under the same terms and conditions as initially encumbered assets.UN-2 UN-2
In some States, the grantor may waive or agree to vary the secured creditor’s post-default obligations only after a default has occurred.UN-2 UN-2
Here a distinction must be drawn between present assets of the grantor and future assetsMultiUn MultiUn
Allowing multiple security rights in the same asset in this manner enables a grantor to use the value inherent in the asset to obtain credit from multiple sources, thereby unlocking the maximum borrowing potential of the assetMultiUn MultiUn
The law should provide that an acquisition security right is created [in the same way as a security right under recommendations 8 to 12] [by agreement between the grantor and the secured creditor which need not be concluded in or evidenced by writing and is not subject to any other requirement as to form.UN-2 UN-2
This approach does not have a negative impact on the grantor, who would typically know the identity of the actual secured creditor from their dealings, or third parties, as long as the representative is authorized to act on behalf of the actual secured creditor (see Registry Guide, paras. 186 and 187).UN-2 UN-2
In any case, a security right registered in such a registry would be effective against third parties and have priority over the rights of creditors of the grantor, such as other secured creditors that register only in the general security rights registry, judgement creditors and the administrator in the insolvency of the grantorMultiUn MultiUn
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