Examples of using The assignee in English and their translations into Chinese
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(i) If payment in respect of the assigned receivable is made to the assignee, the assignee is entitled to retain the proceeds and tangible assets returned in respect of the assigned receivable;
Under article 12.1, the law applying to the contract between the assignor and the assignee under the Rome Convention governs the" mutual obligations of assignor and assignee under a voluntary assignment of a right against another person".
Paragraph 1 also creates an obligation for the assignor to transfer to the assignee any independent right securing payment of the assigned receivables as well as the proceeds of such a right.
In response, it was explained that draft article 16 dealt with the relationship between the assignor and the assignee and was not intended to affect the debtor's rights or obligations.
(b) if payment in respect of the assigned receivable is made to the assignor, the assignee is entitled to payment of the proceeds and is also entitled to goods returned to the assignor in respect of the assigned receivable; and.
Mr. Bazinas(Secretary of the Working Group on International Contract Practices) said that article 16 again elucidated a relationship between the assignor and the assignee, namely, the right to payment.
In chapter VIII, Rights and obligations of the parties, this Guide discusses the relationship between the assignor, the assignee and the debtor of the receivable.
(a) An agreement concluded before notification of the assignment between the assignor and the debtor of the receivable that affects the assignee' s rights is effective as against the assignee, and the assignee acquires corresponding rights;
In chapter VIII, Rights and obligations of the parties to a security agreement, the Guide discusses the relationship between the assignor, the assignee and the debtor of the receivable.
As a matter of drafting, it was widely felt that the words" an agreement under paragraph(1)" might be misinterpreted as requiring the conclusion of a specific agreement between the assignor and the assignee.
Because the right to payment is the actual object of the security, it is important to specify the effect of any payment made by the debtor of the receivable(whether to the assignor or the assignee) on the respective rights of assignor and assignee. .
Rights and obligations of the assignor and the assignee.
(i) The assignee consents to it; or.
Paragraph 2 requires actual or constructive consent of the assignee.
(b) The assignee can perform the assigned contractual obligations;
As to the assignor and the assignee, party autonomy should prevail.
(1) The assignee is entitled to payment of the assigned receivable.
Article 14. Rights and obligations of the assignor and the assignee 17-24 5.