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Does this version work? [Copy link] 中文

Rank: 4

Post time 2004-11-4 13:49:26 |Display all floors
It will usually provide that any moneys received on enforcement against an asset will be held on trust for the holder of any other security over the relevant asset.

通常,它规定接收的任何基于资产的实施资金将作为任何其它相关资产担保所有者的委托金加以保管。

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Post time 2004-11-4 14:27:37 |Display all floors

This sentense is too more complicated.

Is anybody here can provide a workable version. I want to the exact translation as well.

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Rank: 6Rank: 6

Post time 2004-11-4 14:40:08 |Display all floors

try

通常规定由该资产产生的资金都应该被当作是对任何与该资产有关的证券持有人的一种信托。

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Post time 2004-11-4 16:15:27 |Display all floors

could you give us more about the background of the passage?

what is the article about -- asset securitization? security/insurance?

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Post time 2004-11-4 16:35:37 |Display all floors

Ok. How's this?

It will usually provide that any moneys received on enforcement against an asset will be held on trust for the holder of any other security over the relevant asset.
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它通常规定,自被执行资产收付的任何一笔资金,都将为其相关资产证券持有人(如果是关于资产证券化的文章)/担保收益人(如果是关于担保的文章)以信托形式持有。

enforcement against an asset是指已被法院判决而权属已转移至另一方的资产

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Post time 2004-11-4 16:48:23 |Display all floors

I think it shall the RIGHT one.

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Rank: 4

Post time 2004-11-4 16:49:41 |Display all floors

这是有关上下文,请参阅。:)谢谢!

If the borrower has substantial non-project assets, it may well be that a conventional floating charge over its non-project assets will be unacceptable; if so, a so called "featherweight" floating charge may be of assistance. This is a charge which, insofar as it relates to non-project assets, gives unfettered powers to the borrower to dispose of and encumber non-project property. A featherweight charge is enforceable only upon the appointment of a receiver by the financier and then only after the appointment of an administrator to the borrower. It will usually provide that any moneys received on enforcement against an asset will be held on trust for the holder of any other security over the relevant asset. Invariably, in infrastructure projects, the borrower is a special purpose vehicle which will have no assets other than the project assets. However, sponsors are often concerned to ensure that the distribution account (into which any money to which they are entitled out of the cash flow waterfall) is outside the scope of the financier's security. This is one example of where a featherweight floating charge can be used to address the concerns of the financier and the borrower.

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