Betekenis van:
encumbered
encumbered
Bijvoeglijk naamwoord
- loaded to excess or impeded by a heavy load
"a summer resort...encumbered with great clapboard-and-stucco hotels"
"a hiker encumbered with a heavy backpack"
Werkwoord
Voorbeeldzinnen
- She was encumbered with two heavy suitcases.
- He doesn't want to be encumbered with the responsibility of caring for children.
- Only the assets transferred on 30 December 2007 (real estate) were encumbered by mortgages in favour of public creditors.
- Even if the existence of property that could be encumbered would be relevant, the Commission observes that the existing property were already encumbered for an amount of EUR 199 million until 1998 and for an amount of EUR 51 million until 2003.
- The same would apply accordingly to the guarantee agreement of 20 June 2000 between the Province of Burgenland and BB since, here too, neither BB nor the buyer of BB should be encumbered in any way.
- In conclusion, the Commission considers the ‘Availability of Property that could be encumbered’ is irrelevant in the assessment of the measures, and, even if it would be relevant, a potential lender would not have considered this element as positively as Deloitte indicates in the first Deloitte report. Thirdly, the ‘Availability of construction relating to work in progress that could be encumbered’ (page 5-7) is not offering a solid protection to a creditor if HSY defaults and ceases activity.
- In conclusion, the Commission considers the ‘Availability of Property that could be encumbered’ is irrelevant in the assessment of the measures, and, even if it would be relevant, a potential lender would not have considered this element as positively as Deloitte indicates in the first Deloitte report.
- Thirdly, the ‘Availability of construction relating to work in progress that could be encumbered’ (page 5-7) is not offering a solid protection to a creditor if HSY defaults and ceases activity. Indeed, the market value of a work-in-progress in usually low compared to the funds borrowed to build it and compared to the contract value.
- Even if the unsecured/non-encumbered assets represented […]% of the value of PZL Wrocław's assets, if the sale of PZL Wrocław did not take place, the tax authorities would issue a tax decision pursuant to Articles 112 and 118 of the Tax Code [35] declaring that PZL Wrocław was liable for PZL Hydral's 2006-07 liabilities in order to enforce their claims.
- When these fixed assets were transferred they had already been encumbered with mortgages on real estate in favour of the following public creditors: the Social Security Office, the Lower Silesia Region Tax Office and Wrocław City Council in an amount of PLN 142,558 million.
- In the event of bankruptcy, the study concludes that ordinary creditors will not receive anything, as many of the assets are encumbered by pledges and mortgages and, in addition, the tax authorities will be able to enforce their claims against PZL Wrocław (see points 143 et seq.).
- This is confirmed by Deloitte Financial Advisory Services itself in page 8-8 and 8-9 of its second report written on 18 June 2007 (hereinafter the second Deloitte report) and submitted by TKMS/GNSH in support of its letter to the Commission dated 21 June 2007. In conclusion, the Commission considers the ‘Availability of Property that could be encumbered’ is irrelevant in the assessment of the measures, and, even if it would be relevant, a potential lender would not have considered this element as positively as Deloitte indicates in the first Deloitte report.