Glossary entry

English term or phrase:

at non default rates

German translation:

nicht zum Verzugszinssatz

Added to glossary by Olaf Reibedanz
Aug 22, 2007 17:26
17 yrs ago
2 viewers *
English term

non default rates

English to German Bus/Financial Finance (general) Stillhalteabkommen
Deferral of Interest: During the Standstill Period, interest, commissions, fees (other than legal expenses), costs and other expenses in respect of Facilities will continue to accrue and be charged at the rates and for the periods and on the dates applicable provided for in Existing Documentation save that (i) any such interest shall be charged and accrue ****at non default rates**** notwithstanding that any Credit Party may have a right to charge default rates under Existing Documentation and (ii) actual payment of any such interest, commissions, fees, costs and other expenses by the Group company liable therefor shall be deferred until the Termination Date when all such accrued interest, commissions, fees, costs and other expenses shall immediately fall due for payment to the Credit Party without demand.
Proposed translations (German)
4 +2 nicht zum Verzugszinssatz

Proposed translations

+2
20 mins
Selected

nicht zum Verzugszinssatz

obwohl der Schuldner im Zahklungsverzug ist (ergo das Abkommen) braucht er keine Verzugszinsen zu zahlen, sondern nur die (vermutlich erhöhten) normalen Zinsen
Peer comment(s):

agree Ralf Lemster : Genau.
2 hrs
danke, Ralf
agree camac
15 hrs
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4 KudoZ points awarded for this answer. Comment: "Vielen Dank!"
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