Frequently, the only unencumbered assets that may be available for securing post commencement finance will be assets recovered through avoidance proceedings.

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.

(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.

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.

From unencumbered balances

4. Unencumbered balance

4. Unencumbered balance

(j) Unencumbered balance

5. Unencumbered fund balance

4. Unencumbered balance (overexpenditure)

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.

Less Unencumbered balance of UNAMIR

Less Estimated 1997 unencumbered balance

Less Estimated 1996 unencumbered balance

5. Unencumbered balance (3 4)

4. Unencumbered balance (1 2 3)

Table 2 Adjusted unencumbered balance Gross

D. Unencumbered balance at end of biennium

D. Unencumbered balance at end of biennium

It is also important to consider the impact on unsecured creditors who may see the remaining unencumbered assets disappear to secure new lending, leaving nothing available for distribution, especially if the reorganization were to fail.

GC.11 Dec.13 UNENCUMBERED BALANCES OF APPROPRIATIONS

Disbursement Obligations Total C. Unencumbered balance (A B)

4. Unencumbered balance (1 less 2 and 3)

4. Unencumbered balance (1 less 2 and 3)

(1 July 1997 31 January 1998) Unencumbered balance

4. Unencumbered balance (1 less 2 and 3)

1 July 1995 to 30 June 1996 (unencumbered balance)

3. Credits applied to Member States from unencumbered balance

Provisional unencumbered balances due for distribution on 1 January 2006

The unencumbered balance at 31 December 1997 was 15.8 million.

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

10. Takes note of the estimated unencumbered balance of 95,883,600 dollars

This resulted in an unencumbered balance of 1,507,900 gross ( 1,304,300 net).

This resulted in an unencumbered balance of 4,127,600 gross ( 3,752,700 net).

Expenditures amount to 37,001,246, resulting in an unencumbered balance of 4,180,356.

Transfers to (from) Unencumbered balance as at 31 December 1997 Netherlands

Management of peacekeeping assets field assets control system

(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.

Questions 22 002 500 18 703 700 Less Estimated unencumbered balance for the

This would result in a net unencumbered balance of 3,564,300 gross ( 1,999,400 net).

III. Adjustment to the unencumbered balance for the period ending 30 June 1996

The resulting unencumbered balance for the period amounts to 4,127,600 gross ( 3,752,700 net).

Assets freeze