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clean down requirement

German translation: Verpflichtung zur vollständigen Begleichung

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01:08 Apr 6, 2007
English to German translations [PRO]
Bus/Financial - Finance (general) / bank report
English term or phrase: clean down requirement
5. Covenants:

Please list:


_____ In Compliance with covenants _______ Not in compliance with covenants

Is there any cushion?

Any ***clean down requirement***? If yes, when?

If Not in Compliance: _______ Obtained Waiver _______ Obtained Amendment
Gert Sass (M.A.)
Germany
Local time: 00:56
German translation:Verpflichtung zur vollständigen Begleichung
Explanation:
(von Darlehen)
Selected response from:

Andy Lemminger
Canada
Local time: 16:56
Grading comment
Stimmt. Nochmal danke.
4 KudoZ points were awarded for this answer

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Summary of answers provided
3 +2Verpflichtung zur vollständigen Begleichung
Andy Lemminger


  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
Verpflichtung zur vollständigen Begleichung


Explanation:
(von Darlehen)

Andy Lemminger
Canada
Local time: 16:56
Specializes in field
Native speaker of: German
PRO pts in category: 247
Grading comment
Stimmt. Nochmal danke.

Peer comments on this answer (and responses from the answerer)
agree  Johanna Timm, PhD: "A Clean Down Provision requires the borrower to reduce total borrowings under its facility to below a certain level, or even zero. " www.findarticles.com/p/articles/mi_qa3857/is_199907/ai_n887...
21 mins

agree  Sonia Heidemann
1 day4 hrs
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