draw-stops

English translation: The refusal to advance money due to breach of terms

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:draw-stops
Selected answer:The refusal to advance money due to breach of terms
Entered by: Cristina Bolohan

11:32 Dec 30, 2008
English language (monolingual) [PRO]
Bus/Financial - Finance (general)
English term or phrase: draw-stops
An Intercreditor Agreement will be entered into by the Finance Parties and providers of other forms of finance, which will provide for agreed majorities and an orderly decision making process for all consents, waivers, draw-stops, enforcements and other decisions under the Finance Documents
Cristina Bolohan
Romania
Local time: 21:49
The refusal to advance money due to breach of terms
Explanation:
http://finance.practicallaw.com/6-202-1229
I'm not sure but this might fit the context.
Selected response from:

Shai Navé
Israel
Local time: 21:49
Grading comment
Thank you
Happy New Year!
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
3 +2The refusal to advance money due to breach of terms
Shai Navé


  

Answers


36 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
The refusal to advance money due to breach of terms


Explanation:
http://finance.practicallaw.com/6-202-1229
I'm not sure but this might fit the context.

Shai Navé
Israel
Local time: 21:49
Works in field
Native speaker of: Native in HebrewHebrew, Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Thank you
Happy New Year!

Peer comments on this answer (and responses from the answerer)
agree  JohnGBell: we would expect that borrowers will be concerned that the payment default will prevent them making further drawings under their revolving lines unless the lenders waive the payment default. http://tinyurl.com/7wph87
7 mins
  -> Thank you

agree  Phong Le
14 hrs
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