(i) Another secured creditor with a security right in the same encumbered asset (whether as an original encumbered asset or proceeds)

(53) The insolvency law should specify that encumbered assets may be further encumbered, subject to the requirements of recommendations 65, 66 and 67.

The Russian Empire was encumbered by the war against Turkey.

Costs and expenses of maintaining value of the encumbered asset

Posts encumbered at lower levels than authorized as at 23 February 2005

(h) Encumbered asset means property that is subject to a security right.

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.

But, up until the 1970's it was never heavily encumbered by debt.

(v) Any buyer or other transferee (including a lessee or licensee) of the encumbered asset.

The law should confirm that different methods for achieving third party effectiveness may be used for different items or kinds of encumbered assets, whether or not they are encumbered by the same security agreement or by separate security agreements.

(b) Dispossession of the grantor if the encumbered assets are specific items of tangible movable property

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

(f) The potential incumbent of the post being proposed for reclassification has encumbered that post for at least three years

The bold policy action that countered the initial disorder prevented a global depression, but it encumbered public sector balance sheets.

Upon request the Advisory Committee was provided with a modified organization chart of the Mission showing encumbered posts (see annex IV).

(ii) The seller or financial lessor of the same encumbered asset that has retained title to it pursuant to an acquisition security right

It may be that, as between the grantor and the secured creditor, the secured creditor has agreed to treat the proceeds as encumbered assets.

However, a buyer of inventory, who buys encumbered inventory in the ordinary course of business of the seller (and anyone whose rights to the encumbered inventory derive from that buyer), takes free of a security right that is effective against third parties in that inventory, even if such buyer has knowledge of the existence of the security right.

It does not include proceeds from drawings under independent undertakings or types of asset excluded from the scope of the Guide as original encumbered assets.

(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

(iii) Another creditor of the grantor asserting a right in the same encumbered asset (e.g. by operation of law, attachment or seizure or a similar process)

Dispossession of the grantor is sufficient only if an objective third person can conclude that the encumbered assets are not in the actual possession of the grantor.

(ff) Priority means the right of a person to derive the economic benefit of its security right in an encumbered asset in preference to a competing claimant.

Upon enquiry the Advisory Committee was informed that as at 20 September 2005, 40 of the 45 posts were encumbered, resulting in a vacancy rate of 11 per cent.

The law should provide that a secured creditor's priority with respect to an encumbered asset extends to the proceeds of the asset subject to the requirements of recommendation 54.

Less investment will mean less capital deepening.

There would be more democracy, less oppression more freedom, less terrorism more growth, less poverty.

(c) Transfer of control to the secured creditor if the encumbered assets are certain intangible obligations, other than receivables, owing to the grantor by a third person a bank account

Less effort, you're less persistent, and so on.

Sami started hearing from Layla less and less.

For a president bent on implementing reforms, less can be more less aggressiveness and less ego.

It turns out, most people over 50 feel better, are less stressed, are less hostile, less anxious.

The other narrative describes an economy that is encumbered by never ending European debt crises whose perpetrators seek to shift their responsibility and their financing needs onto Germany s pristine balance sheet.

So, traffic keeps flowing, so that means less braking, which means less accelerating, less gas and less pollution, less time wasted, and that partly accounts for Europe's better efficiency than we have in the United States.

Here one encounters less collective hope and less individual fear.

There are Tunisians who want less rights, less freedom and less democracy to fight those who oppose freedom and democracy

China s technology inroads are usually less dramatic, but no less telling.

less than

This sterility and inertia make Europe less and less interesting for Americans.

Currently in Haiti we are speaking less and less of security problems.

Multilateralism may have to be less comprehensive and less formal, at least initially.

Trial by jury, which was infrequent anyway, is being seen less and less.

Its youth are less conformist and more demanding, less passive and more pluralistic.

Of the 761 currently approved posts (470 Professional, 288 General Service and 3 Security Service), as at 31 March 2005, a total of 718 were encumbered (445 Professional, 270 General Service and 3 Security Service).

H. The insolvency law should provide that, in determining the liquidation value of encumbered assets in a reorganization proceeding, consideration should be given to the use of those assets and the purpose of the valuation.