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English to German translations [PRO] Bus/Financial - Finance (general)
English term or phrase:to settle the cash pool balances
MMM (“The Group”) and subsidiaries entered into a standstill agreement with BBB (in various capacities) and CCC (as security agent) on behalf of a syndicate of lenders (the “Syndicate”) on 20 April 2009 (as amended from time to time) (the "Standstill Agreement").
In the restructuring plan for the Group the Syndicate has made a clear reference to the willingness and need to restructure the companies in a solvent manner, which implicitly means that ***Cash pool balances also will be settled*** in an appropriate manner. Therefore management is of the opinion that the risk of non recoverable Cash Pool loan receivable is mitigated.