financed pool

Polish translation: pula podmiotów finansowanych na zasadzie ryzyka grupowego

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:financed pool
Polish translation:pula podmiotów finansowanych na zasadzie ryzyka grupowego
Entered by: Frank Szmulowicz, Ph. D.

01:11 Mar 2, 2019
English to Polish translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: financed pool
Coś takiego:
If any indebtedness is secured by the Hotel with other hotels or entities on a pooled basis (a “Financed Pool”), the above requirements will apply to the Financed Pool.

Niby wiem, że jest coś takiego jak cash pooling, ale jak to zgrabnie ująć? Mowa o finansowaniu budowy hotelu.
Katarzyna Kucharska
Poland
Local time: 00:15
pula podmiotów finansowanych na zasadzie ryzyka grupowego
Explanation:
Propozycja.
Hotels and legal entities in a Financed Pool wskazuje, że Pool odnosi się do podmiotów w danej puli.

pool = pula
hotels or legal entities = podmioty
pooled basis = zasada ryzyka grupowego
financed = finansowanych
ergo
ccccccccc
Financing of the Hotel.

Franchisee will not, and will cause each Interestholder in Franchisee to not, incur or replace any indebtedness that is secured by a lien on or mortgage of the Hotel or the revenues of the Hotel or pledge of Ownership Interests in Franchisee (whether such indebtedness is incurred (i) individually on behalf of the Hotel or (ii) on a pooled basis with other hotels or legal entities (a “Financed Pool”)) unless the following conditions are met at the time the indebtedness is incurred or replaced: (1) the indebtedness is with a Lender; (2) the terms of such indebtedness are consistent with prevailing commercial practices of Lenders at that time in the country in which the Hotel is located; and (3) there is no violation of Section 17.7 of this Agreement. Franchisee will give notice to Franchisor of the component hotels and legal entities in a Financed Pool before incurring such indebtedness.
https://www.sec.gov/Archives/edgar/data/1583077/000158307714...

ccccc
Franchisee shall not incur or replace any indebtedness that is secured by a lien on or mortgage of the Hotel or pledge of the stock, partnership, membership or other ownership interests in Franchisee (whether such indebtedness is incurred (i) individually on behalf of the Hotel or (ii) on a pooled basis with other hotels or legal entities (a “Financed Pool”))

https://www.lawinsider.com/contracts/2G4SPyP4oWvPLOdI1aA8t3/...
Selected response from:

Frank Szmulowicz, Ph. D.
United States
Local time: 18:15
Grading comment
Dziękuję!
4 KudoZ points were awarded for this answer



Summary of answers provided
2pula podmiotów finansowanych na zasadzie ryzyka grupowego
Frank Szmulowicz, Ph. D.


Discussion entries: 3





  

Answers


2 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
pula podmiotów finansowanych na zasadzie ryzyka grupowego


Explanation:
Propozycja.
Hotels and legal entities in a Financed Pool wskazuje, że Pool odnosi się do podmiotów w danej puli.

pool = pula
hotels or legal entities = podmioty
pooled basis = zasada ryzyka grupowego
financed = finansowanych
ergo
ccccccccc
Financing of the Hotel.

Franchisee will not, and will cause each Interestholder in Franchisee to not, incur or replace any indebtedness that is secured by a lien on or mortgage of the Hotel or the revenues of the Hotel or pledge of Ownership Interests in Franchisee (whether such indebtedness is incurred (i) individually on behalf of the Hotel or (ii) on a pooled basis with other hotels or legal entities (a “Financed Pool”)) unless the following conditions are met at the time the indebtedness is incurred or replaced: (1) the indebtedness is with a Lender; (2) the terms of such indebtedness are consistent with prevailing commercial practices of Lenders at that time in the country in which the Hotel is located; and (3) there is no violation of Section 17.7 of this Agreement. Franchisee will give notice to Franchisor of the component hotels and legal entities in a Financed Pool before incurring such indebtedness.
https://www.sec.gov/Archives/edgar/data/1583077/000158307714...

ccccc
Franchisee shall not incur or replace any indebtedness that is secured by a lien on or mortgage of the Hotel or pledge of the stock, partnership, membership or other ownership interests in Franchisee (whether such indebtedness is incurred (i) individually on behalf of the Hotel or (ii) on a pooled basis with other hotels or legal entities (a “Financed Pool”))

https://www.lawinsider.com/contracts/2G4SPyP4oWvPLOdI1aA8t3/...

Frank Szmulowicz, Ph. D.
United States
Local time: 18:15
Works in field
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 951
Grading comment
Dziękuję!
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