Examples of using The guide recommends in English and their translations into Arabic
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Colloquial
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Political
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Ecclesiastic
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Ecclesiastic
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Computer
Since the Guide recommends that they be registered in the general security rights registry, the same transition rules for registration applicable to the unitary approach could be adapted for the non-unitary approach.
The Guide recommends that security rights may be created in the right to receive such proceeds, subject to a series of rules governing the obligations between the guarantor/issuer, confirmer or nominated person and the secured creditor(see recommendations, 27, 48 and 50).
As the law and commercial practices governing independent undertakings are quite specialized, the Guide recommends adoption of a number of rules meant to reflect existing law and practice(see recommendations 124-126).
The Guide recommends in the chapter on the creation of a security right(effectiveness as between the parties)
As the Guide recommends that a notice be registered in the general security rights registry, the same transition rules for registration applicable to the unitary approach could be adapted for the non-unitary approach.
The Guide recommends the same approach for the determination of the mutual rights and obligations of the grantor and the secured creditor with respect to the security right(see recommendation 213).
For all these reasons, the Guide recommends two general conflict-of-laws rules on the law applicable to the creation, third-party effectiveness and priority of a security right, as follows.
The Guide recommends that a security right in an asset that is made effective against third parties by registration in a specialized registry(see recommendation 38)
In addition, the Guide recommends that, if an encumbered asset is transferred,
The Guide recommends a general security rights registry(see chap. IV). In addition, where specialized registries exist that permit registration of a document or notice of a security right as a method of achieving third-party effectiveness of the security right, the Guide avoids undermining them.
For these reasons, the Guide recommends that, where specialized registries are maintained, third-party effectiveness may nonetheless be achieved by alternative methods such as registration in the general registry or creditor possession, subject to protecting the superior priority position of registrants in the specialized registry(see A/CN.9/631, recommendations 39, 83-84).
As for secured creditors and assignees that take security in the right to payment of the funds in the account, the Guide recommends that priority be given to a secured creditor that achieves third-party effectiveness by control and to the depository bank ' s right of set off(see A/CN.9/631, recommendations 101-102).
For this reason, the Guide recommends that third-party effectiveness of all types of acquisition financing transaction(whether denominated as security rights, retention of title, financial leases or in some other manner) usually be dependant on the registration of a notice in the general security rights registry.
The Guide recommends the secured creditors on record should be notified and that the priority of any security right should extend to credit extended by the secured creditor a certain number of days(e.g. 30-60)
In respect of a mass or product(or, in other words, commingled property), the Guide recommends that the security rights continue into the mass or product and if there are two or more, they retain their relative priority in the mass or product(see A/CN.9/631, recommendation 96).
The Guide recommends that secured creditors on record should be notified and that the priority of any security right is limited to credit extended by the secured creditor a certain number of days(e.g. 30-60) after the secured creditor had been notified
As banking law is closely tied to significant commercial practices, the Guide recommends deference to banking law and also provides additional safeguards for banks whose depositors may have granted security rights in their rights to payment of funds credited to a bank account(see recommendations 32, 49, 100, 101, 122 and 123).
The Guide recommends that secured creditors should be entitled to share in the aggregate maximum value of their security rights in the mass
By contrast, and in keeping with the approach adopted by most States that have recently modernized their secured transactions law, the Guide recommends that registration(or some other step) be taken by sellers, financial lessors or lenders providing acquisition credit in order to achieve third-party effectiveness(see recommendations 174 and 189).
In order to maximize the efficiency of the enforcement of security rights, the Guide recommends that a secured creditor with a priority ranking higher than that of the enforcing secured creditor is entitled to take control of enforcement both against other secured creditors pursuing extrajudicial enforcement and as against judgement creditors(see recommendation 142).