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abriéndose un periodo para la formalización de la misma

English translation: granting it (a period of) 60 days to exercise such option

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:abriéndose un periodo para la formalización de la misma
English translation:granting it (a period of) 60 days to exercise such option
Entered by: Richard Hill

21:05 Jul 22, 2013
Spanish to English translations [PRO]
Law/Patents - Law (general)
Spanish term or phrase: abriéndose un periodo para la formalización de la misma
El Grupo recibió una notificación sobre el ejercicio de la opción de compra, abriéndose un periodo de 60 días para la formalización de la misma, lo que al 31 de diciembre de 2012, se ha procedido a reclasificar un importe de 1.799.879 euros en el epígrafe...
Bernadette Mora
Spain
Local time: 09:19
granting it 60 days to exercise such option
Explanation:
or "granting it 60 days to complete the purchase"

When applicable laws permit the exercise of the purchase option provided hereunder and Party A elects to exercise such purchase option, Party B and Party C shall unconditionally assist Party A to obtain all approvals, permits, registrations, filings and other procedures necessary to effect the transfer of relevant share equity or assets.
http://www.lawinsider.com/contracts/72Mcs3tKJfi14bdLWITOmx/c...

(i) purchase, or cause to be purchased, the Participant's Loan Participations hereunder within [20] Business Days after the Bank notifies the Participant in writing of its intention to exercise such purchase option;
http://us.practicallaw.com/5-521-5677

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Note added at 1 day1 hr (2013-07-23 22:46:04 GMT)
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My second option, "granting it 60 days to complete the purchase" is just another way of looking at it, and I reckon it essentially amounts to the same thing in this case; perhaps your context with verify this, or not, as the case may be. Either way, I don't see a problem with "grant", as it seems feasible for a provision to be made whereby the term in question is granted to the "Grupo".

And "formalize" is an option, depending on further context. i.e. it could be formalized by signing an agreement.
Selected response from:

Richard Hill
Mexico
Local time: 02:19
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4opening up a period of 60 days for the formalization of the same
Gordon Byron
4granting it 60 days to exercise such option
Richard Hill
5 -1beginning a period of 60 days to complete it (the sale)...
Billh


  

Answers


8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
opening up a period of 60 days for the formalization of the same


Explanation:
The Group received notification of the option to purchase, opening up a period of 60 days for the formalization of the same...

Gordon Byron
Spain
Local time: 09:19
Native speaker of: English
PRO pts in category: 18

Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: sounds like Translationese rather than natural English
15 hrs
  -> or... typical legalese common to such documents
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18 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
granting it 60 days to exercise such option


Explanation:
or "granting it 60 days to complete the purchase"

When applicable laws permit the exercise of the purchase option provided hereunder and Party A elects to exercise such purchase option, Party B and Party C shall unconditionally assist Party A to obtain all approvals, permits, registrations, filings and other procedures necessary to effect the transfer of relevant share equity or assets.
http://www.lawinsider.com/contracts/72Mcs3tKJfi14bdLWITOmx/c...

(i) purchase, or cause to be purchased, the Participant's Loan Participations hereunder within [20] Business Days after the Bank notifies the Participant in writing of its intention to exercise such purchase option;
http://us.practicallaw.com/5-521-5677

--------------------------------------------------
Note added at 1 day1 hr (2013-07-23 22:46:04 GMT)
--------------------------------------------------

My second option, "granting it 60 days to complete the purchase" is just another way of looking at it, and I reckon it essentially amounts to the same thing in this case; perhaps your context with verify this, or not, as the case may be. Either way, I don't see a problem with "grant", as it seems feasible for a provision to be made whereby the term in question is granted to the "Grupo".

And "formalize" is an option, depending on further context. i.e. it could be formalized by signing an agreement.

Richard Hill
Mexico
Local time: 02:19
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 473

Peer comments on this answer (and responses from the answerer)
agree  AllegroTrans: agree with your wording but I think there are 60 days in which to exercise the option - simply - it may well be that the sale completes later (i.e. deposit paid when option exercised, balance paid when sale completed - a fairly normal situation)
37 mins
  -> Thanks, Allegro :)
disagree  Billh: Wrong. The option has been exercised and the sale must be completed in 60 days.
9 days
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13 hrs   confidence: Answerer confidence 5/5 peer agreement (net): -1
beginning a period of 60 days to complete it (the sale)...


Explanation:
. This is presumably the consequence of the option terms and it would not therefore be a question of grant .....

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Note added at 13 hrs (2013-07-23 10:47:45 GMT)
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you may want to put purchase for sale, although every sale implies a purchase and vice versa.

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Note added at 1 day12 hrs (2013-07-24 10:03:05 GMT)
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Allegro- "la formalización de la misma" means completion of the sale/purchase. The option has been exercised the sale must be completed in 60 days. I don't think you understand what is going on here....

Billh
Local time: 08:19
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1149

Peer comments on this answer (and responses from the answerer)
disagree  AllegroTrans: "la misma" clearly refers to the option amd the 60 days to the time for exercising it - the actual sale may take place later for all we know
10 hrs
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