https://www.proz.com/kudoz/english-to-german/finance-general/1856890-clean-down-requirement.html

clean down requirement

German translation: Verpflichtung zur vollständigen Begleichung

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: 12:03
German translation:Verpflichtung zur vollständigen Begleichung
Explanation:
(von Darlehen)
Selected response from:

Andy Lemminger
Canada
Local time: 04:03
Grading comment
Stimmt. Nochmal danke.
4 KudoZ points were awarded for this answer



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: 04:03
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 270
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 day 4 hrs
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also: