the Registry will then notify the pledgor
of the said application and its details;
(BRHI) will act as the borrower and mortgagor while SPI will be the mortgagor, pledgor
If the pledgor
's estate pays an enforceable charitable pledge, the payment qualifies as a [section]2053 debt deduction for the estate (not a [section]2055 charitable deduction).
(47) It is important to note that not only movable but also immovable property might be provided under the Rahn contract in which case all expenses in connection with preserving or improving it fall on the pledgor
. (48) In the case of default of the debtor, the pledgee cannot automatically utilize the asset pledged but shall refer the matter to the competent court.
956, the partnership will be considered a pledgor
or guarantor of the obligation and therefore will be treated as holding that obligation.
The parties may remain the same, but their obligations vary and so too do their referenced names: the distributor is referred to by its own name, the customer is referred to as the obligor and the guarantor is referred to as the pledgor
. It is often helpful to distinguish the two by focusing on their purpose.
Section 120 of the CC Act conferred on the pledgee an express right to sell the goods after the time allowed to the pledgor
to redeem had expired.
For tri-party account control arrangements (ACA), Citi will act as an intermediary between the pledgor
and the secured party, holding pledged collateral in a segregated custody account.
As a noteworthy example, Hubbell's ledgers contained a column for the pledgor
's name; however, the notation typically given is a familial relation such as "Loco's Aunt." Hubbell often simply wrote "No Name." (15) While this seems like an imprudent and potentially confusing method of record keeping, it is important to understand that Navajo culture dictated this.
(418) Or the acceptance, by a stockholder as pledgor
, of an offer
Changes were also made to avoid situations where pledgor
and collateral issuer belong to the same sector and for that reason experience financial problems simultaneously.