Legal sufficiency of grantor name in a registered notice

(c) The registration system is set up to permit the indexing and retrieval of notices according to the name of the grantor or according to some other reliable identifier of the grantor

Turkey was a donor to and an active participant in the technology foresight seminars.

The Union was already by far the world's largest donor of aid, and it is the major trade partner of poor countries.

Despite its modest resources, Slovenia could play a role as a donor country and would be an active member of the Organization.

(a) The names (or other reliable identifiers) of the grantor and the secured creditor, and their addresses

(g) Security agreement means an agreement between a grantor and a creditor, in whatever form or terminology, that creates a security right.

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

As a donor, Japan was willing to cooperate with United Nations entities to further strengthen coordination and secure the optimum mobilization of resources.

The law should provide that the name or other identifier of the grantor entered on a registered notice is legally sufficient if the notice can be retrieved by searching the registry record according to the correct legal name or other identifier of the grantor.

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(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

In the insolvency of a non grantor debtor, the creditor is an unsecured creditor with an unsecured claim against the non grantor debtor.

The secretariat informed the Commission that the IPR programme was undergoing an evaluation by a donor country, for the purpose of improving its impact and methodology.

In conclusion, I would like to call your attention to the success story of the transformation of Slovakia from a former recipient of assistance into a donor country.

Bulgaria, an acceding country to the European Union, is in the process of building its capacity as a future donor and is working on the creation of mechanisms for administering official development assistance.

India's present commitments add up to over 550 million since 2002, placing it among the top six contributors to Afghanistan's reconstruction a significant effort for a non traditional donor.

The actual contribution shares paid by each donor country are based on the United Nations Assessments Scale. Contributions from other parties are also encouraged, but are not mandatory.

With 271 million euros' worth of pledges, the European Union has emerged as the largest single donor from the pledging conference on Haiti held in Washington in July 2004.

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.

The United States is the largest contributor to the assessed budget of the United Nations and the largest donor of development assistance, and it has the most generous private donors in the world, supported by a national tax system that encourages philanthropy.

We are confident that joining the European Union the world's largest donor of development assistance and the foremost contributor to multilateral trade assistance programmes will prove an invaluable learning by doing experience.

The law should provide that, for a possessory security right to be effective against third parties, dispossession of the grantor should be actual and not constructive, fictive or symbolic.

Possession by a third person constitutes sufficient dispossession only if the third person is not an agent or employee of the grantor and holds possession for or on behalf of the secured creditor.

(ii) Possessory security right means a security right in tangibles that are in the actual possession of the secured creditor or of another person (other than the debtor or other grantor) holding the asset for the secured creditor.

The law should provide that a description of the assets covered by a registered notice is legally sufficient if it enables a third person to identify the assets covered by the notice separate from other assets of the grantor.

In line with that approach, Japan, as the top donor country over the past decade, will strive to achieve a strategic expansion of its ODA volume in order to ensure a credible and sufficient level of ODA.

If the assets covered by the notice are all the present and after acquired movable property of the grantor, the law should confirm that it is legally sufficient to describe the charged assets as all movable property or by using equivalent language.

The law should adopt a summary procedure to enable the grantor to compel discharge of a registration if no security agreement has been completed between the parties or if the security right has been terminated by full payment or performance of all of the secured obligations.

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.

In the case of a funds transfer from a bank account initiated by the grantor, the transferee of funds takes free of a security right in the funds of the bank account unless the transferee has knowledge that the transfer violates the terms of the security agreement and the transfer is outside the ordinary course of business of the grantor .