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deed of priority

German translation: Vorrangvereinbarung

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	deed of priority
German translation:	Vorrangvereinbarung
Entered by:	DDM

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14:19 Aug 21, 2007

English to German translations [PRO]
Law/Patents - Law: Contract(s) / Stillhalteabkommen

English term or phrase: deed of priority

Immer noch das Stillhalteabkommen:

Wie würdet ihr hier "deed of priority" übersetzen?

***"Deed of Priority”*** means that certain ***Deed of Priority*** and Subordination (in a form and substance satisfactory to each of the executing parties) to be entered into between xxx, the New Money Provider and each xxx Recourse Creditor as a condition precedent to the availability of the New Money Facility.

Vielen Dank im Voraus!

DDM KudoZ activity Questions: 193 (none open) (3 closed without grading) Answers: 426
Local time: 23:33

Vorrangvereinbarung

Explanation:
Deed of Priority and Subordination = Vereinbarung über Vor- und Nachrangigkeit

"priority" würde ich hier als "Vorrang" übersetzen.

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Note added at 8 mins (2007-08-21 14:27:35 GMT)
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... in dem Sinne, dass ein Gläubiger gegenüber einem oder mehreren anderen Gläubigern Vorrang genießt (d. h. zuerst Anspruch auf Schuldbegleichung/Tilgung hat).