Debtor

Notification of the debtor

Principle of debtor protection

Right to notify the debtor

Debtor's discharge by payment

Notification of the account debtor

(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

Principle of account debtor protection

(b) Based on the debtor's incapacity.

Discharge of the account debtor by payment

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Defences and rights of set off of the account debtor

(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.

(ii) Based on the account debtor's incapacity

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.

(b) The account debtor may not waive defences

Balance of rights between the debtor and insolvency representative (paras. 50 and 70 73)

(b) The account debtor may raise against the assignee any other right of set off, provided that it was available to the account debtor at the time notification of the assignment was received by the account debtor

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

Effectiveness of an assignment as between the assignor and the assignee and as against the account debtor

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.

(a) Notification of the assignment or a payment instruction is effective when received by the account debtor if it is in a language that is reasonably expected to inform the account debtor about its contents.

Where a party other than the debtor applies for the measure, the applicant may be required by the court to provide evidence that the measure is necessary to preserve the value or avoid dissipation of the debtor's assets.

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.

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.

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.

(a) Except as otherwise provided in this law, an assignment does not, without the consent of the account debtor, affect the rights and obligations of the account debtor, including the payment terms contained in the original contract

(a) The account debtor may agree with the assignor in a writing signed by the account debtor not to raise against the assignee the defences and rights of set off that it could raise pursuant to recommendation 20.

If there has been any change, the debit side is much bigger than the credit side.

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(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.

The Council of Members shall, after hearing the debtor Member, take any other appropriate decisions, which shall be applied.

Such an agreement precludes the account debtor from raising against the assignee those defences and rights of set off

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The law governing the original contract determines the effectiveness of contractual limitations on assignment as between the assignee and the debtor, the relationship between the assignee and the debtor, the conditions under which the assignment can be invoked against the debtor and whether the debtor's obligations have been discharged.

Burundi's foreign debt had recently been cancelled and there was every indication that the economy would recover in the short term.

(e) Debtor means a person that owes performance of the secured obligation and includes secondary obligors, such as guarantors of a secured obligation .