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English to German translations [PRO] Bus/Financial - Finance (general) / shares and receivables pledge agreement
English term or phrase:segregation
Aus einem Pfandvertrag, bei dem es um die Verpfändung von Aktien geht. Die Verpfändung ist im Rahmen eines Kreditvertrags notwendig.
Bei einer anderen Frage erkundige ich mich in diesem Satz nach encumbrance, hier aber geht es mir einzig um "segregation", das ich in diesem Kontext noch nicht zuordnen konnte:
"For the purposes of this Agreement an *Encumbrance* shall mean any of the following:
any pledge or other security interest whatsoever (whether imposed directly or as a security interest of an aggregation of assets), assignment, attachment or injunction or any agreement or arrangement having the effect of conferring security upon or with respect to, or any *segregation* of or other preferential arrangement with respect to, any present or future assets, revenues or rights, but shall not include any such arrangement in favour of the Pledgee in connection with the Facility Agreement or as otherwise permitted under the Facility Agreement."