Glossary entry

English term or phrase:

judgement currency

Spanish translation:

divisa/moneda por fallo

Added to glossary by Maru Villanueva
Aug 10, 2008 14:05
15 yrs ago
17 viewers *
English term

judgement currency

English to Spanish Bus/Financial Finance (general) Contracts
The term is found in the following English sentence:

The Loan Documentation will contain judgment currency and yield protection provisions customary for Facility of this nature, protecting the Lenders in the event of unavailability of funding, funding losses, illegality, increased costs and reserve and capital adequacy requirements or other changes in law and regulation.

I was unable to find the Spanish equivalent.
Change log

Aug 15, 2008 22:21: Maru Villanueva changed "Edited KOG entry" from "<a href="/profile/138949">Alfonso Crane's</a> old entry - "judgement currency"" to ""divisa/moneda por fallo""

Discussion

Maru Villanueva Aug 15, 2008:
Gracias a ti por los puntos y por la oportunidad de apoyarte

Proposed translations

4 hrs
Selected

divisa/moneda por fallo

En documentos legales generalmente se define en una cláusula especial. Para mejor entendimiento del concepto doy la siguiente referencia:

"SECTION 10.16 Judgment Currency

(a) Each Seller's obligations hereunder to make
payments in Dollars (the "Obligation Currency") shall
not be discharged or satisfied by any tender or
recovery pursuant to any judgment expressed in or
converted into any currency other than the Obligation
Currency, except to the extent that such tender or
recovery results in the effective receipt by the Buyer
of the full amount of the Obligation Currency expressed
to be payable to it under this Agreement. If for the
purpose of obtaining or enforcing judgment against a
Seller in any court or in any jurisdiction, it becomes
necessary to convert into or from any currency other
than the Obligation Currency (such other currency being
hereinafter referred to as the "Judgment Currency") an
amount due in the Obligation Currency, the conversion
shall be made, at the rate of exchange determined, in
each case, as of the day immediately preceding the
Business Day on which the judgment is given (such
Business Day being hereinafter referred to as the
"Judgment Currency Conversion Date").
http://www.secinfo.com/d11a8p.22y.d.htm
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4 KudoZ points awarded for this answer. Comment: "Muchas gracias, usaré este término. A Crane"
17 mins

moneda testigo

sobre la que se basan los criterios adoptados
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+2
1 hr

fallo/dictamen de divisa

Peer comment(s):

agree Egmont
4 hrs
Muy amable AVRM¡
agree Victoria Frazier
1 day 1 hr
Muchas gracias Victoria¡
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