Translation of "Drittschuldner" in English

In a small number of countries there is no need to notify the third-party debtor.

The buyer is however obligated, on demand the garnishee - ggfl.

The Buyer also hereby irrevocably assigns the third party debtor payment authorization in our favour.

Serving the order to the third party debtor makes the attachment and transfer order effective.

Notification of the assignment to a third-party debtor shall end the customer’s right to collect the debt.

If required to do so, the customer undertakes to advise the names of any debtors and the amounts owing.

The third party debtor shall be liable to the enforcement authority for the damage incurred from the failure to fulfil his obligation.

If we request it, you must inform us of any such third parties, and inform the third parties of their debt to us.

If the Buyer fails to pay on time, Supplier is entitled to collect the assigned receivable directly from the third-party debtor.

Customer is obliged to name the third party debtors at our request and to inform such of the assignment.

At our request, the customer shall be obliged to state third-party debtors and we shall

In the former case, they are to be included in the record of service and are to be signed by the third-party debtor.

We are authorised to notify the third-party debtor of the assignment of debt on behalf of the customer.

Anticipatory assignment by way of security and pledging of the debt arising on resale cause difficulties to the extent that they generally presuppose notice to a third-party debtor and in addition anticipatory assignments tend to encounter other objections of principle.

It is clear that any solution adopted in this respect at the European level will have to carefully balance the interests of the creditors and the banks (as third parties) in this process.

If the third party debtor does not provide the statement at all or on time or provides an incomplete statement, then the creditor shall be entitled to be compensated by him for any resulting damages.

Seizures by third parties by which also our goods should be concerned have to be immediately notified and the third party debtors informed of our retention of title.

Upon request the buyer is to communicate to the seller the assigned claim and the respective debtor and to make available all information and documentation necessary to draw on its claim and to inform the third-party debtor of the assignation.

As soon as the buyer has discontinued payment the latter shall, without any delay whatsoever, upon notification send us a list of the receivables due to assigned debtors together with the invoices.

Upon our request our purchaser is obliged to name the garnishees and notify them about the assignment.

10.9 As soon as the Customer has stopped to make payment, the Customer is obliged to send us a list of the reserved goods still available, even if they have been processed and a list of claims to third-party debtors immediately after the announcement of his stopped payments.

In the course of a salary execution, the debtor’s employer (referred to as the third-party debtor) is requested to disclose detailed information about the debtor’s income.

Upon request of the Seller, the Buyer shall notify the Seller of the account receivable assigned as well as the corresponding debtor and make available all data and documents required for its collection of accounts receivable and notify the third-party debtor of the assignment.

In the event of resale, the purchaser shall, by way of security, assign to us, at the time of concluding the supply contract and until all our claims on the purchaser have been paid off, any present and future claims on his clients arising from the resale and undertakes to reveal to us, on request, the names of third-party debtors and the amounts due from these debtors.

A debt claim requires expediency because the date and time on which the attachment and transfer order is served to the third party debt is decisive when sharing any available balances i.e.

It is agreed that the security interest cannot be set up against the third-party debtor of the claim used as credit security until he has received notice thereof.

What is more doubtful, on the other hand, is whether and in which respects conditions have to be fulfilled before the security interest can have an effect on other third parties, particularly the creditors of the pledger or assignor, and in particular whether it is necessary to give notice to the third-party debtor in this case too.

In the case that we provide such written consent, then at this point the receivable purchase price shall be conveyed to us, and we are entitled at any time to notify the third-party debtor of this conveyance.