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off-take contract

Polish translation: kontrakt przejety w calosci przez osobe trzecia

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10:03 Feb 19, 2009
English to Polish translations [PRO]
Law/Patents - Law: Contract(s)
English term or phrase: off-take contract
The prerequisite for the Group's interest in procuring a specific project is the credit underlying the proposed transaction. Investment grade credit, as rated on Wall Street, or a comprehensive guarantee, is required. The evaluation of the project is based on the perceived credit of the guarantor which can be the sovereignty, subsidiary of the sovereignty, or corporation in question. The comprehensive guarantee can be constructed as an off-take contract, a letter of credit, a full-faith-and credit sovereign guarantee, or a confirming guarantee of the sovereignty's credit.
Robert Foltyn
Poland
Local time: 03:45
Polish translation:kontrakt przejety w calosci przez osobe trzecia
Explanation:
In a typical project financing, instead of a lease, there will be an "offtake" contract, such as a power sales agreement, under which the project owner sells all of the output of a facility on a long-term basis to a creditworthy local utility or industry. This offtake contract serves as the basis for the financing.
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darotob
Local time: 20:45
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4 KudoZ points were awarded for this answer

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Summary of answers provided
3kontrakt przejety w calosci przez osobe trzeciadarotob


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4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
kontrakt przejety w calosci przez osobe trzecia


Explanation:
In a typical project financing, instead of a lease, there will be an "offtake" contract, such as a power sales agreement, under which the project owner sells all of the output of a facility on a long-term basis to a creditworthy local utility or industry. This offtake contract serves as the basis for the financing.


darotob
Local time: 20:45
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 44
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