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Nachrangwertauslauf


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17:56 Jan 25, 2012
German to English translations [PRO]
Bus/Financial - Finance (general) / Loan agreement
German term or phrase: Nachrangwertauslauf
14.1.1 Kapitaldienstdeckungsgrad (Debt Service Cover Ratio)
Der Kapitaldienstdeckungsgrad darf während der gesamten Laufzeit des Kredites nicht 125% unterschreiten.
14.1.2 Verkehrswertauslauf
Der Verkehrswertauslauf darf während der gesamten Laufzeit des Kredites nicht 60% überschreiten.
14.1.3 Nachrangwertauslauf
Der Nachrangwertauslauf darf während der gesamten Laufzeit des Kredites nicht 0% überschreiten.

[...]
Die Heilung der Verletzung der Finanzkennzahlen kann mit Ausnahme einer Verletzung des Nachrangwertauslaufes durch Stellung zusätzlicher werthaltiger Sicherheiten (insbesondere Verpfändung von Guthabenkonten) innerhalb der Nachfrist erfolgen.

I wonder can anyone identify this particular term from these two contexts (slim, I know). This is the only term I am having trouble with.
CMJK
Ireland
Local time: 23:49


Summary of answers provided
3Subordinate capital value expiry
Oliver Toogood


Discussion entries: 3





  

Answers


13 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Subordinate capital value expiry


Explanation:
IBA: Enterprise zones: Realisation of capital value: Conditions ...
Capital value is paid which is attributable to a subordinate interest to ... of the 7-year time limit under a conditional agreement to pay capital value made before expiry ...

www.hmrc.gov.uk/manuals/camanual/CA37720.htmSubordinate Financing of Commercial Real Estate
... performance of the asset; and tenant health, tenant expiry Subordinate ... Many mezzanine loans are provided as capital to reposition undervalued properties. The value-creation story ...

https://www.cmbs.org/assetlibrary/95d6e73569b744588fa3e18887... · PDF file

Oliver Toogood
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
neutral  casper: What does "subordinate capital value expiry" mean in English? TIA for your explanation.
10 hrs
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