Examples of using Pledgor in English and their translations into Russian
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Official
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Colloquial
This application is completed by: Guarantor Pledgor 2.
Personal data of guarantor's/ pledgor s legal representative.
An irrevocable proxy and power of attorney in respect of the pledged shares from the Pledgor.
Any guarantor, third party pledgor or security provider;
If such consent is required,the bank shall inform the pledgor thereof.
VDGB: Lombard, pawnshop,pledge activity, pledgor, pledge ticket, automation of accounting in pawnshop.
However, the situation changes when the debtor and the pledgor do not coincide.
In this case, the pledgor shall act as applicant and execute the respective application within three days upon the creation of the pledge.
The challenged Article does not say anything about the pledgor or pledgors who are not debtors.
WHAT TO CONSIDER AS A PLEDGOR For you, a mortgage means that if a loan is not repaid to the bank, then the bank has the right to demand the sale of a flat or house(with the land) that belongs to you.
An exemption is made for contracts under which the share does not belong to the pledgor at the moment of notarization.
In order to pledge Estonian securities,the holder of Estonian securities(pledgor), for whom a Baltic securities account has been opened in the bank, shall submit to the bank a registration instruction.
On the other hand, in the second andthird paragraphs of Part 2 of the challenged Article, the legislator considers the debtor and not the pledgor as the addressee of the appropriate notification.
The court may suspend the process of levy of execution on the collateral provided the pledgor provides security equal to the value of the collateral for the compensation of possible damages caused to the pledgee.
For replacement/ change of composition(in whole or in part) of the Security, as well as for replacement of the owner of the property being the Security in the event of transfer(for any reason)of the ownership right/ right ofeconomic management to the property pledged to the Bank from the pledgor to another person.
Stipulation in the challenged Article- at the legislative level- of different addressees, i.e. the pledgor or the debtor might even not cause any problem, in case the pledgor and the debtor were always the same persons.
Any creditors' claims against the debtor may be made only within the bankruptcy or rehabilitation proceedings prescribed by the Bankruptcy Law, except for the claims to third parties for performance of guarantee orsurety commitments and forfeiture of the pledged item if the pledgor is a third party;
In addition, such regulation may deprive the pledgor, as a third party, of the opportunity to challenge in court the legitimacy of levying execution on the collateral, and in practice it may hinder the implementation of the right stipulated by Article 252 of the Code.
In this regard, the legislator did not clearly andunequivocally regulate the issues whether in what terms after notifying the pledgor, the pledgee may have the right to realize the collateral.
In order topledge Estonian securities on the basis of a financial collateral agreement, the pledgor shall submit to the bank a pledge instruction along with instructions for the transfer of Estonian securities from the pledgor's account and acceptance of them to the pledge account.
At the same time, from the constitutional legal content of the term“debtor” prescribed in the second and third paragraphs of Part 2 of Article 249 of the RA Civil Code, it follows that the term“debtor”refers not only to the pledgor-debtor, but also the pledgor acting in these legal relations as a third party.
According to Part 2 of Article 228 of the Code,“2. Both a debtor and a third person may be a pledgor.” It follows from the literal interpretation of the challenged Article, that unlike the case of notification of the debtor about the obligation secured by the pledge, in caseof notifying a third person- as a pledgor- the day after serving the notification of execution to the latter, the pledgee obtains the right to realize the collateral through direct sales or public biddings.
On the terms and conditions acceptable to the Bank,the Bank shall allow for the pledging of non-ECRS securities via the Bank. 9.3 Pledging ECRS securities 9.3.1 In order to pledge ECRS securities, the holder of the securities(pledgor) for whom an ECRS securities account has been opened in the Bank shall submit to the Bank a registration instruction.
If the acquirer of the pledged ECRS securities is not a client of the Bank, the acquirer shall submit a securities instruction with any other ECRS account administrator. 9.5.2 Upon receipt of the instruction specified in clause 9.5.1, the Bank shall verify whether the ECRS contains a notation that the pledgee's consent is required for the purpose of disposing of the ECRS securities andshall inform the pledgor thereof.
While the pledge originated in the actual transfer of a specific item of tangible property from the grantor(pledgor) to the secured creditor(pledgee), over time States sometimes relaxed the rules as to what might constitute creditor possession.
The second and third paragraphs of Part 2 of Article 249 of the Civil Code of the Republic of Armenia are in conformity with the Constitution of the Republic of Armenia in the constitutional legal content of the term“debtor” in these paragraphs, according to which:the term“debtor” refers not only to the pledgor-debtor, but also the pledgor acting in these legal relations as a third party.
In order to amend the data entered into the register regarding pledging the securities(the number of pledged securities,notations made to the register etc.), the pledgor and the pledgee shall submit an additional pledge instruction to the Bank. 9.9.2 Before the acceptance of an instruction to pledge the securities, the Bank has the right to verify the compliance of the information given on the pledge instruction with the terms and conditions of the pledge agreement.
The pledgee shall, by virtue of this Code, have the right- subject to Article 195 of this Code- to realize the collateral through direct sales or public biddings on behalf of the pledgor, two months after serving the notification of execution to the debtor, unless the pledgor and the pledgee have agreed on another procedure for realizing the collateral.