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run-off deed

German translation: Abwicklungsvertrag


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:run-off deed
German translation:Abwicklungsvertrag
Entered by: DERDOKTOR
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16:40 May 15, 2011
English to German translations [PRO]
Bus/Financial - Law: Contract(s)
English term or phrase: run-off deed
After the novation of external debt and the other restructuring steps, the shares of MMM and subsidiaries, DDD and KKK were transferred to the buyer free of any external debt on 12 April 2011.

The proceeds from the sales were used to partially repay the loans and accumulated interests from the Syndicate, after retention of certain reserves. These reserves include funds to ensure a solvent continuation of the group companies not being part of the sale transaction (the “Retention Group”), including the Company, until solvent liquidation. The remaining debt will be dealt with as agreed in the so called ***Run-Off Deed*** between the Syndicate and the Retention Group.


Ich hab das erstmal mangels Ideen mit "Run-off-Vertrag" übersetzt. Kennt jemand einen passenderen Begriff dafür?
Olaf Reibedanz
Argentina
Local time: 05:31
Abwicklungsvertrag
Explanation:
würde ich vorschlagen.
Selected response from:

DERDOKTOR
Local time: 10:31
Grading comment
Vielen Dank!
4 KudoZ points were awarded for this answer



Summary of answers provided
3AbwicklungsvertragDERDOKTOR


Discussion entries: 1





  

Answers


38 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Abwicklungsvertrag


Explanation:
würde ich vorschlagen.

DERDOKTOR
Local time: 10:31
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 276
Grading comment
Vielen Dank!
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Changes made by editors
May 25, 2011 - Changes made by DERDOKTOR:
Created KOG entryKudoZ term => KOG term


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