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save and except

German translation: außer

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:save and except
German translation:außer
Entered by: Kathi Stock
Options:
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15:16 Oct 25, 2006
English to German translations [PRO]
Law/Patents - Law: Contract(s)
English term or phrase: save and except
Distribution of Net Cash Flow from Operations.
As soon as practicable after the close of each fiscal quarter, but not later than sixty (60) days after the end of such quarter, the Net Cash Flow for such quarter shall be distributed in the following order of priority:
First, to the payment of interest accrued on Proportionate Loans in proportion to the aggregate unpaid amounts of such Proportionate Loans owed to the respective Partners;
Second, to the Partners in proportion to their Partnership Interests, but capped at an eight and one-half percent (8.5%) per annum return on their invested capital; SAVE AND EXCEPT, however, that the amount otherwise allocated for distribution to any Non-Curing Partner shall be reduced by the interest accrued on outstanding Curing Loans in proportion to such Non-Curing Partner’s Curing Loan indebtedness, and the aggregate of such reduced amounts otherwise payable to Non-Curing Partners shall be distributed to the Curing Partners in proportion to the Curing Loan indebtedness owed to such Curing Partners, along with amounts that would otherwise be distributed to such Curing Partners hereunder

Das scheint wieder so eine Floskel zu sein, mit der ich nichts anfangen kann.
Kathi Stock
United States
Local time: 13:10
außer
Explanation:
...nach dem KISS-Prinzip

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Note added at 5 mins (2006-10-25 15:22:08 GMT)
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...außer dass der ansonsten für die Ausschüttung vorgesehene Betrag jedoch um...zu vermindern ist...usw.
Selected response from:

LegalTrans D
Turkey
Grading comment
Danke!
4 KudoZ points were awarded for this answer

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Summary of answers provided
3 +6außer
LegalTrans D


  

Answers


3 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +6
außer


Explanation:
...nach dem KISS-Prinzip

--------------------------------------------------
Note added at 5 mins (2006-10-25 15:22:08 GMT)
--------------------------------------------------

...außer dass der ansonsten für die Ausschüttung vorgesehene Betrag jedoch um...zu vermindern ist...usw.

LegalTrans D
Turkey
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 559
Grading comment
Danke!

Peer comments on this answer (and responses from the answerer)
agree  Kim Metzger: Unnecessary redundancy. http://www.llrx.com/features/plainlanguage.htm
28 mins

agree  David Moore: Unfortunately a typical English legal formulation (I think the guys who draft contracts are paid by the word); I'd replace "save and except however that" by "but"...
40 mins

agree  Ingeborg Gowans: w/ DAvid
1 hr

agree  Hans G. Liepert: mit Kim und David und ihren abrechnungsfeindliche Ansichten
1 hr

agree  Teresa Reinhardt
2 hrs

agree  Andrea Hauer
2 hrs
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