This security can be crystallised with powers of sale
French translation: cette valeur peut être cristallisée par pouvoir de ventes
| 01:23 Aug 4, 2011 |
| English to French translations [PRO] Law/Patents - Real Estate | |||||||
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|  Selected response from: GILLES MEUNIER France Local time: 04:06 | ||||||
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| Summary of answers provided | ||||
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| 3 +1 | cette valeur peut être cristallisée par pouvoir de ventes |
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| 3 | la charge de ce titre / de cette obligation peut être cristallisée par pouvoir de vente |
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Answers
5 hrs confidence: 
| this security can be crystallised with powers of sale la charge de ce titre / de cette obligation peut être cristallisée par pouvoir de vente Explanation: ça ressemble à une obligation de type débenture "Debentures (or loan stock) exist as an alternative form of investing in a company that is more secure than investing in shares because interest payments must be made by the company and must be paid before dividends. Dividends, in contrast to debentures, are paid at the company’s discretion. Debenture holders also become preferential creditors if the company which issued the debentures fails. A disadvantage is that debenture holders have no share in the company and therefore have no control over it. If a company borrows money, it will give its creditor a document confirming the existence and terms of the loan. This document is called a debenture. Under the debenture, the amount borrowed is repayable at a future date. During the period of the loan, the company has to pay interest to the creditor in the same way people pay interest to banks on their mortgages. In order to improve the chances of recovering the debt from the company if it fails, a creditor may take a charge over some or all of the assets of the company. This means that the creditor has a legal interest in that asset and the company can’t sell it without either paying off the debt or getting the consent of the creditor. This increases the creditor's chance of being repaid on the insolvency of the company as it has a preferential claim on money from the insolvency. Accordingly, although there is no requirement that a debenture must be secured by a charge over some or all of the company's assets, most debentures will include some form of security for practical reasons. ... Power of sale In order to recover the sum due to the debenture holder, a receiver appointed by the debenture holder will need the power to sell the assets, which are the subject of the charge. Thus, a power of sale should be included in the debenture. Apart from the power of sale, it is advisable to list out in the debenture some other powers of a receiver, e.g. the power to take legal proceedings. ... Floating charge Unlike a fixed charge, a floating charge does not attach to a specific asset. It 'floats' over a class of assets, while the component parts of that class of assets may be changing as the company still has the power to deal with any of the assets within that class without the need to consult the charge holder. A debenture can provide that the floating charge can 'crystallize' in specific circumstances. For example, when the company ceases to carry on business or goes into liquidation, or when the debenture holder appoints a receiver to enforce their security. When a floating charge crystallizes, it no longer hovers over a class of assets which are subject to the charge, but becomes equivalent to a fixed charge because from the time of crystallization, the company cannot deal with any item within the class of assets without the consent of the charge holder. " http://www.desktoplawyer.co.uk/dtl/index.cfm?event=base:arti... "Les porteurs de débentures émises par O & Q n'ont aucune réclamation contre CP et O & Q à cause de la diminution de leurs biens par suite des ventes de terrains excédentaires effectuées en vertu du bail de 1884. On retrouve dans le bail, dans l'Acte concernant la Compagnie du chemin de fer d'Ontario et Québec de 1884 ainsi que dans l'acte constatant l'émission des actions-débentures intervenu entre O & Q et CP, plusieurs indications que la «première charge et redevance» sur les biens d'O & Q constitue une charge flottante garantissant l'action-débenture et ne jouant qu'au moment de la cristallisation de cette charge lors du défaut du débiteur. Comme l'aliénation des terrains excédentaires ne viole pas les conditions entourant l'émission de la débenture et comme l'intérêt couru a toujours été payé, rien ne s'est produit, en droit, qui puisse cristalliser la charge flottante et lui faire grever les terrains d'O & Q. Il n'y a donc de toute évidence aucune cause d'action contre CP ou O & Q en raison de ces ventes. CP a acquis le pouvoir de vente en vertu du bail de 1884 et une charge flottante ne saurait jouer de manière à restreindre ce pouvoir de vente ni à grever le titre du terrain vendu." http://csc.lexum.org/fr/1987/1987rcs1-952/1987rcs1-952.doc -------------------------------------------------- Note added at 6 hrs (2011-08-04 07:42:18 GMT) -------------------------------------------------- je ne vois ni "cristalliser", ni "pouvoir de vente" sur ce site consacré à l'assurance vie : http://www.ecoflextra.com/works-fr.aspx, ce qui n'est pas vraiment le contexte ici (titre utilisé en garantie dans le cadre d'une hypothèque). The English version does not mention "crystallize" or "powers of sale" either. |
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6 hrs confidence: peer agreement (net): +1
peer agreement (net): +1| this security can be crystallised with powers of sale cette valeur peut être cristallisée par pouvoir de ventes Explanation: http://www.ecoflextra.com/works-fr.aspx -------------------------------------------------- Note added at 6 hrs (2011-08-04 07:31:38 GMT) -------------------------------------------------- Valeur dans le sens de titre, bien sûr.... -------------------------------------------------- Note added at 10 hrs (2011-08-04 12:16:54 GMT) -------------------------------------------------- je ne vois ni "cristalliser", ni "pouvoir de vente" sur ce site consacré à l'assurance vie : http://www.ecoflextra.com/works-fr.aspx, ce qui n'est pas vraiment le contexte ici (titre utilisé en garantie dans le cadre d'une hypothèque). The English version does not mention "crystallize" or "powers of sale" either. réponse : www.ecoflextra.com/works-fr.aspx - Canada - En cache Si la valeur de votre portefeuille de placement augmente, elle peut être cristallisée dans votre solde de rachat, montant sur lequel repose votre revenu |
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