give transport

11:40 Jun 28, 2012
Danish to English translations [PRO]
Bus/Financial - Law: Taxation & Customs
Danish term or phrase: give transport
Hvis det ved forlig eller retsafgørelse viser sig, at beneficianten ikke har været berettiget til at modtage betaling under garantien, er beneficianten forpligtet til at tilbagebetale beløbet samt påløbne renter til (BANK), idet det oplyses, at rekvirenten samtidig har givet banken transport i et eventuelt tilbagesøgningskrav inkl. renter.
stephen mewes
United Kingdom
Local time: 23:40

Summary of answers provided
Peter Smedskjaer-Stenland
1authorized / consented to
Summary of reference entries provided
rekvirenten giver banken transport = rekvirenten giver banken samtykke

Discussion entries: 1



8 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5
authorized / consented to

Should a settlement or court decision evidence that the beneficiary was not entitled to receive payment under the guarantee, the beneficiary is obliged to repay the amount and accrued interest to (BANK), if it is found that the (guarantee) ordering customer has ***authorized / consented to*** any potential recovery claim including interest to be brought by the bank (against the beneficiary of this guarantee).

Local time: 18:40
Native speaker of: Native in EnglishEnglish
PRO pts in category: 39
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132 days   confidence: Answerer confidence 5/5

The correct legal term is Seniority.

Subordination is the degradation of priority for a party in a debt, credit claim or service agreement where an exchange of assets occur. Seniority is given to a party to ensure reclamation of assets to one party. In US law, courts can make one party subordinate to another, and the compliment, one party senior to another or all others. The agreement has stated one party has given the bank Seniority in repayment, i.e. the bank will be paid before anyone else is.

Peter Smedskjaer-Stenland
Faroe Islands
Local time: 23:40
Native speaker of: Native in EnglishEnglish
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Reference comments

8 hrs
Reference: rekvirenten giver banken transport = rekvirenten giver banken samtykke

Reference information:
PDF/Adobe Acrobat - Quick view
gældende over for Nykredit Bank A/S. 8.2 ***Rekvirenten giver herved Nykredit Bank A/S transport*** i beløb, der er betalt under garantien, og som beneficianten ...

Fremgangsmåden ved udlæg
Da kreditors bank forinden antageligt ved en fejl havde udlevet den originale check til .... Den enkelte ***rekvirent kunne dog for sit vedkommende give samtykke*** hertil. .... UfR 1982.266 ØLK: Anpartsselskabet AMBJ Transport var blevet dømt til ...

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PRO pts in category: 39
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