Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.
|English to Spanish translations [PRO]|
|English term or phrase: guarantee facility agreement|
|Contrato de facilidad de garantía?|
contrato de facilidad de crédito?
The Banks grant to the Obligor, upon the terms and subject to the conditions hereof, the Facility to enable the Guarantee Agreement to be issued hereunder.
3.1 The purpose of the Facility is to enable the provision of the Guarantee Agreement in relation to the financial obligations of the Obligor under the Finance Contract and, accordingly, the Facility may only be used for such purpose.
The Obligor may not at any time deliver the Issue Request hereunder unless prior to such Issue Request the Agent has confirmed to the Obligor (with a copy to each Bank) that each of the conditions precedent listed in Part I of the Third Schedule has been satisfied.
Nature of Banks' Obligations
5.1 The obligations of each Bank hereunder are several and not joint.
5.2 The failure by a Bank to perform its obligations hereunder shall not affect the obligations of the Obligor towards any other party hereto nor shall any other party be liable for the failure by such Bank to perform its obligations hereunder.
Selected response from:
Local time: 16:38
|1 KudoZ points were awarded for this answer |
Me queda la duda si FACILITY no se refiere en este caso a un edificio o estructura física que pueda usarse como garantía de las obligaciones.
Esto dependería de que FACILITY sea definido en otra parte del contrato.
|Login to enter a peer comment (or grade)|
12 hrs peer agreement (net): +1
Return to KudoZ list
KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.
Search millions of term translations