Parties, security rights, secured obligations and assets covered

(65) The insolvency law should enable a security interest to be granted for repayment of post commencement finance, including a security interest on unencumbered assets, including after acquired assets, or a junior or lower priority security interest on already encumbered assets of the estate.

We have wide ranging security measures for our nuclear and strategic assets.

Safety and security of our strategic assets are accorded the highest priority.

If a security right is effective against third parties at the time when the encumbered assets become fixtures in movables, the security right in the encumbered assets remains effective against third parties.

(a) Alert third parties dealing with the movable assets of the grantor of the risk that those assets may be encumbered by a security right and

The question of providing security over unencumbered assets or assets that are not fully encumbered is not one that generally should require approval of the court.

The law should specify that a security right in after acquired or after created assets of the grantor has the same priority as a security right in assets of the grantor owned or existing at the time the security right is made effective against third parties.

However, providing security on such assets is controversial under some insolvency laws and is not permitted.

The Guide stresses the need to enable a grantor to create security rights not only in its existing assets but also in its future assets (i.e. assets acquired or created after the conclusion of the security agreement), without requiring the grantor or secured creditor to execute any additional documents or to take any additional action at the time such assets are acquired or created.

196. Statements were made to the effect that, in practice, lenders expected to obtain the widest possible security over the assets of the project company, including the intangible assets.

(a) Staying execution against the assets of the debtor, including actions to make security interests effective against third parties and enforcement of security interests

(c) Foreign exchange transactions, inter bank payment systems, transfer of security rights and transfer of economic assets

The law should apply to all parties and types of security rights, secured obligations and encumbered assets.

The center should respect national sovereignty and the independence of national security assets of its member states.

These methods include eliminating unnecessary formalities providing for a single method for creating security rights rather than a multiplicity of security devices for different kinds of encumbered assets and permitting security rights in future assets and for future advances of credit without any additional documentation or actions by the parties.

However, if encumbered assets become part of another product or mass, the security right becomes a security right in the product or mass proportionately up to the value of the encumbered assets at the time they are physically united with other goods .

It should also specify that a security right may be given in all types of asset, including parts of assets and undivided interests in assets and assets which, at the time of the security agreement, the grantor may not yet own or have the power to dispose of, or which may not yet exist, as well as in proceeds.

However, the Guide proposes that all types of asset are capable of being the object of a security right, including all present and future assets of a business, and covers all assets, both tangible and intangible, with the exception of assets specifically excluded.

The concept of priority, which allows for the concurrent existence of security rights having different priority status in the same assets, makes it possible for a business to utilize the value of its assets to the maximum extent possible by obtaining secured credit from more than one creditor using the same assets as security with transparent rules allowing each creditor to know the priority of its security right.

Where the lender requires security, it can be provided on unencumbered assets or as a junior or lower security interest on already encumbered assets where the value of the encumbered asset is sufficiently in excess of the amount of the pre existing secured obligation.

On a national basis, there are many different ways to reinforce space security through the protection of space assets.

if the assets sold are non equity assets, the total assets and the net assets are respectively the book value of the assets and the difference between the related assets and the book value of the liabilities

Management of peacekeeping assets field assets control system

Pakistan relies upon its United Nations (Security Council) Act, 1948, as the basis for the assets freeze and other sanctions.

(3) Accepting assets donation with obligations or donating assets

(a) Assets of the debtor, including the debtor's interest in encumbered assets and in third party owned assets

if the assets sold are equity, the total assets, business income and net assets are respectively the product of total assets, business income and net assets of the invested enterprise and the equity percentage of the investment.

Personnel, material and administrative measures to provide for the security and control of United Nations assets are systematically implemented in peacekeeping operations.

Assets freeze

Assets freeze

Assets Liabilities

Total Assets

Liquid Assets

(j) Assets

(i) Assets

(j) Assets

(b) Assets

Holders of rights in assets for improving and storing the assets

The law should specify that a security interest over the assets of the estate to secure post commencement finance does not have priority ahead of any existing security interest over the same assets unless the insolvency representative obtains the agreement of the existing secured creditor(s) or follows the procedure in recommendation 67.

The law should provide that, notwithstanding recommendation 29, the security right extends to civil and natural fruits of encumbered assets, such as , only if the parties so provide in the security agreement.

7. Owing to the prevailing security situation in Somalia at the time of the withdrawal of UNOSOM, no assets were disposed of commercially.

Article 56The financial assets refers to the following assets of an enterprise

A description of the nature of the assets frozen (i.e. bank deposits, securities, business assets, precious commodities, works of art, real estate property and other assets) The value of assets frozen

In those cases where there are no unencumbered assets, or no excess value in already encumbered assets, that the debtor can offer as security or with which the debtor can satisfy an administrative expense priority claim, the debtor has limited options.