Examples of using Subsequent assignments in English and their translations into Russian
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Official
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Colloquial
Subsequent assignments.
Notification of subsequent assignments.
Subsequent assignments article 1(1) b.
Notification in subsequent assignments.
All subsequent assignments are paid at the same rate as the fifth assignment. .
Agreements limiting subsequent assignments.
Subsequent assignments, provided that any prior assignment is governed by this Convention.
The draft Convention is designed to apply also to subsequent assignments.
A significant decision had been to include subsequent assignments within the Convention's scope when certain requirements were met.
Paragraph 5 deals with situations in which several notifications are given with respect to one or more subsequent assignments.
In the case of several notifications relating to both duplicate and subsequent assignments, paragraph 4 and 5 will provide a solution.
For that rule to apply,the notifications received by the debtor have to be readily identifiable as notifications relating to subsequent assignments.
Subsequent assignments that are governed by this Convention under subparagraph(a) of this paragraph, notwithstanding that any prior assignment is not governed by this Convention.
It was stated that, by requiring payment to the last assignee, such an approach would facilitate the extension of credit by that assignee andthus promote practices involving subsequent assignments.
It was generally felt that subsequent assignments(i.e., assignments by the initial or any other assignee to subsequent assignees) should be covered by the draft Convention.
As to any other matter involving the debtor's rights and obligations,it was agreed thatthe draft Convention should apply whether one assignment only or subsequent assignments as well were involved.
If the debtor receives notification of one or more subsequent assignments, the debtor is discharged by paying in accordance with the notification of the last of such subsequent assignments.
It was stated that it was sufficient to protect the debtor in the case of doubt as to how the debtor should discharge its obligation if it received multiple notifications relating to subsequent assignments.
The draft Convention is also intended to apply to subsequent assignments that in themselves fall under article 1, paragraph 1(a), whether or not any prior assignment is governed by the draft Convention.
The view was widely shared that the result arose from draft article 25,which provided that the draft Convention applied to subsequent assignments“as if the subsequent assignee was the initial assignee”.
This Convention applies to subsequent assignments that satisfy the criteria set forth in paragraph 1(a) of this article, even if it did not apply to any prior assignment of the same receivable.
Accordingly, the Working Group requested the drafting group to prepare a provision to reflect that agreement and to revise draft article 27 or 18 so as todeal with the issue of multiple notifications relating to subsequent assignments.
If the debtor receives notification of one or more subsequent assignments, the debtor is discharged only by payment to the person orto the address identified in the notification of the last of such subsequent assignments.
It was stated that subparagraph(b)could operate well if the initial receivable was international, since any subsequent assignee would be able to predict that the draft Convention would apply to subsequent assignments by virtue of the internationality of the receivable.
If the debtor receives notification of one or more subsequent assignments, the debtor is discharged only by payment to the person orto the address identified in the notification of the last of such subsequent assignments received before payment.
However, it was observed that subparagraph(b) could operate well if the initial receivable was international,since any subsequent assignee would be able to predict that the draft Convention would apply to subsequent assignments by virtue of the internationality of the receivable.
As to the reference to subsequent assignments, it was agreed that it should be limited to the identification of the parties between whom an anti-assignment clause could be agreed upon i.e., the parties to the original contract and the parties to an initial or to a subsequent assignment. .
The Working Group agreed that draft article 27 should deal with the issue of multiplenotifications relating to subsequent assignments by allowing the debtor to discharge its obligation only by payment to the person or to the address identified in the notification of the last assignment. .
Notwithstanding that the invalidity of an assignment renders all subsequent assignments invalid, the debtor is entitled to discharge its obligation by paying in accordance with the payment instructions set forth in the first notification received by the debtor.