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a first closing

German translation: erstes Closing

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	a first closing
German translation:	erstes Closing
Entered by:	Isabel Hohneck

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20:02 Jun 14, 2004

English to German translations [PRO]
Bus/Financial - Law: Contract(s) / Legal text

English term or phrase: a first closing

The General Partner may hold ***a first closing*** at any time, provided that the Fund will not make its initial portfolio investment or initial capital call until such time as ***the aggregate capital commitments*** (¡§Commitments¡¨) of all investors in the Fund equal or exceed $100,000,000, unless otherwise approved in advance by at least 85% in interest of the Limited Partners.

Wenjer Leuschel KudoZ activity Questions: 367 (3 open) (4 closed without grading) Answers: 4078 Taiwan
Local time: 16:37

erstes Closing

Explanation:
Closing bleibt im allgemeinen stehen, vor allem in einem Fachtext.
Gemeint ist damit der gesamte Vorgang der Ausgabe und Platzierung des Fonds. Es kann mehr als ein Closing geben, darum steht hier 'first'.