Jul 16, 2019 15:42
4 yrs ago
15 viewers *
English term
Spain
Legal translator, 13 years experience.
Native in: Spanish 
Works in: English to Spanish, French to Spanish, Dutch to Spanish
perfection of the pledge
English to Spanish
Bus/Financial
Law: Contract(s)
The representations and warranties contained in this Clause are given and made on the date of this Deed and, unless otherwise stated herein, on the date of perfection of the pledge over any future shares by reference to the facts and circumstances then existing.
Proposed translations
(Spanish)
| 3 +3 | formalización de la prenda / aval |
Andrea Sacchi
|
Proposed translations
+3
58 mins
Andrea Sacchi
United Kingdom
United Kingdom
Native in Spanish
Specializes in field
United Kingdom
http://aslanguageservices.org
Native in: Spanish (Variants: Standard-Spain, Rioplatense, Latin American, Argentine)
Works in: English to Spanish, Spanish, Spanish to English
Related KudoZ points
:
24
Selected
formalización de la prenda / aval
As a lender, you can take security over a borrower’s inventory stored in South Africa by way of a pledge, but the pledge must first be perfected before you can enforce it. Perfection of the pledge is not enough. There are a few more boxes that would need to be ticked to make sure that your pledge can be enforced without delay or complication when needed.
A pledge is perfected when the entity granting the pledge is dispossessed of the inventory and the inventory is delivered to you or your agent. Many lenders appoint collateral managers or stock monitoring companies as custodians to hold the inventory on their behalf. For such an arrangement to work and not negate the pledge, it is important that this custodian expressly agrees that it will act as your agent and hold the inventory on your behalf to perfect the pledge.
http://adriaansattorneys.com/2017/05/24/your-perfected-pledg...
A pledge is perfected when the entity granting the pledge is dispossessed of the inventory and the inventory is delivered to you or your agent. Many lenders appoint collateral managers or stock monitoring companies as custodians to hold the inventory on their behalf. For such an arrangement to work and not negate the pledge, it is important that this custodian expressly agrees that it will act as your agent and hold the inventory on your behalf to perfect the pledge.
http://adriaansattorneys.com/2017/05/24/your-perfected-pledg...
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
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