floating charge वाक्य
उदाहरण वाक्य
मोबाइल
- In countries that permit the making of an administration order, the floating charge had another key benefit.
- Especially when there is a floating charge.
- At first instance Knox J, following " Brightlife ", held that they were subject to a floating charge.
- However, because of the nature of floating charge, the priority of floating charge holder's claims normally rank behind:
- Like a fixed charge, a floating charge can be created by a contract with a company before insolvency.
- However, because of the nature of floating charge, the priority of floating charge holder's claims normally rank behind:
- This was felt to be too favourable to the floating charge holder at the expense of other creditors.
- In most countries floating charges can only be granted by companies, void as a general assignment in bankruptcy.
- For example, floating charges are often used by finance companies in the United States to finance movable assets.
- This means that an administrative receiver can normally only be appointed by the holder of a floating charge.
- They provide him with his cash flow and as such are the natural subjects of a floating charge.
- But unlike a fixed charge, a floating charge need not refer to a specific asset of the company.
- To find the consent in question in the original agreement would turn every floating charge into a fixed charge.
- By statute floating charge holders are subordinated to preferred creditors, although under complex rules still rank ahead of liquidator's claims.
- Floating charges take effect in " bona fide " purchaser for value without notice of any asset covered by them.
- When there is a floating charge, the legislature no longer regards the property as belonging wholly to the debenture holder.
- In deciding whether a charge is a fixed charge or a floating charge, the Court is engaged in a two-stage process.
- Generally speaking, a floating charge is only potentially vulnerable if it is entered into within the vulnerability period under applicable law.
- In the US, a small importer of motorcycles often receives credit via a floating charge over the number of motorbikes financed.
- If a company had granted a floating charge the court may not make an administration order without the consent of the holder.
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