Tank Escrow Amount

20:57 May 20, 2018
This question was closed without grading. Reason: Other

English to Spanish translations [PRO]
Law (general)
English term or phrase: Tank Escrow Amount
Estoy haciendo una traducción de un acuerdo de compraventa donde aparece el concepto en cuestión según el siguiente contexto:
"Tanks. (a) At the Closing, Buyer shall fund $X (the “Tank Escrow Amount”) into the Tank Escrow Fund, pursuant to the Escrow Agreement. The Tank Escrow Fund shall be established solely to secure any Aggregate Tank Deficit under this Section X. The parties hereto agree that solely for Tax purposes, Buyer shall be the owner of any cash deposited in the Tank Escrow Fund, and all interest or other taxable income earned from the investment of such cash pursuant to this Agreement or the Escrow Agreement shall be treated for Tax purposes only as earned by Buyer.". Desde ya, muchas gracias por su tiempo.

Summary of answers provided
3cantidad retenida en depósito/en custodia para cubrir caídas impactantes/importantes de precios
David Hollywood



31 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
tank escrow amount
cantidad retenida en depósito/en custodia para cubrir caídas impactantes/importantes de precios

escrow amount: cantidad retenida en depósito/en custodia

Note added at 33 mins (2018-05-20 21:30:10 GMT)

10 mar. 2012 - (KudoZ) English to Spanish translation of indemnity escrow amount: cantidad retenida en depósito/en custodia para (el pago de) ...

Note added at 2 hrs (2018-05-20 23:18:24 GMT)

"tank" in a financial context means "plummet down"

David Hollywood
Local time: 18:40
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 293
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