Debtor

Notification of the debtor

Principle of debtor protection

Right to notify the debtor

Debtor's discharge by payment

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

Defences and rights of set off of the debtor

(b) Based on the debtor's incapacity.

(b) Assets of the debtor property, rights and interests of the debtor, including rights and interests in property, whether or not in the possession of the debtor, tangible or intangible, movable or immovable, including the debtor's interests in encumbered assets or in third party owned assets

The second party is frequently called a debtor or borrower.

1 11 and recommendation 8). Where the security right at issue (which secures the debtor's obligation) is granted by the debtor, the term debtor also refers to the grantor.

4. If the debtor receives notification of more than one assignment of the same receivable made by the same assignor, the debtor is discharged by paying in accordance with the first notification received.

(t) Account debtor means a person liable for payment of a receivable.

(d) The right of a counterparty to terminate any contract with the debtor is suspended and

Failure of the assignor to perform the original contract does not entitle the debtor to recover from the assignee a sum paid by the debtor to the assignor or the assignee.

1. Except as otherwise provided in this Convention, an assignment does not, without the consent of the debtor, affect the rights and obligations of the debtor, including the payment terms contained in the original contract.

Desiring also to ensure adequate protection of the interests of debtors in assignments of receivables,

Debits where emissions are larger than removals on a unit of land.

2. 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.

3. If the debtor receives more than one payment instruction relating to a single assignment of the same receivable by the same assignor, the debtor is discharged by paying in accordance with the last payment instruction received from the assignee before payment.

Item 6 (d) of the provisional agenda

Explanatory note

Rome, 27 30 September 2005

Note by the secretariat

Item 8 of the provisional agenda

Draft global plan of action

Geneva, 6 10 November 2006

Note by the sSecretariat

Original English

Listing of chemicals in Annex III of the Rotterdam Convention

First meeting

Convention on Persistent Organic Pollutants

Deplete the Ozone Layer

Geneva, 4 8 July 2005

Development of a Strategic Approach

Rotterdam Convention on the Prior

(b) The provisions of this Convention that affect the rights and obligations of the debtor do not apply if, at the time of conclusion of the original contract, the debtor is located in such a State or the law governing the original contract is the law of such a State.

1. Notification of the assignment or a payment instruction is effective when received by the debtor if it is in a language that is reasonably expected to inform the debtor about its contents. It is sufficient if notification of the assignment or a payment instruction is in the language of the original contract.

Note by the Secretariat

affected country Parties in implementation of the Convention

Memorandum of understanding

Note by the Administrator

Open ended Working Group of the Parties to

Original English

The informal drafting group presented the redrafted provisions to the Working Group (A CN.9 572, paras.