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08:58 Feb 7, 2018
English to French translations [PRO] Law/Patents - Law (general)
English term or phrase:Covenant tests
Parmi les obligations d'un gestionnaire :
"more generally, advise and provide assistance in relation with/in:
Ces "covenant tests" ont pour but de tester la solidité financière (solvabilité, liquidité, capitalisation) d'une institution, afin de savoir si elle pourra satisfaire les engagements financiers dèjà pris, au premier chef le remboursement des emprunts.
Ci-après un extrait significatif à propos des "covenant tests" :
"The group said it now expects ‘compliance with the April covenant test under the Group's bank facility will be tight,’ meaning there is a risk it will not meet the terms of its borrowing when the loans are reviewed. This could cause HMV to be forced to renegotiate its loans, which may result in higher borrowing costs."
Renvi Yimgna Cameroon Native speaker of: English, French PRO pts in category: 28