German translation: Rechtliche Stellung des besitzenden Sicherungsempfaengers
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:
Position of Secured Party In Possession
Rechtliche Stellung des besitzenden Sicherungsempfaengers
English to German translations [PRO] Bus/Financial - Law: Contract(s)
English term or phrase:Position of Secured Party In Possession
Sicherungsvereinbarung: Position of Secured Party In Possession. Without derogating from any obligations of the Secured Party pursuant to the Distribution Agreement, at any time when the Secured Party is in possession of all or any part of the Collateral, whether before or after Default hereunder, the Secured Party's duty with reference to such Collateral will be solely to use reasonable care in the custody and preservation thereof,...