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standing to the credit

Polish translation: składające się na saldo dodatnie/dostępne na

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English term or phrase:standing to the credit
Polish translation:składające się na saldo dodatnie/dostępne na
Entered by: EnglishDirect
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14:47 Feb 23, 2008
English to Polish translations [PRO]
Bus/Financial - Law: Contract(s)
English term or phrase: standing to the credit
17. Set-off
(a) The Guarantor authorizes the Lender (upon prior written notice to the Guarantor) to apply any credit balance to which the Guarantor is entitled on any account of the Guarantor with the Lender in satisfaction of any sum due and payable from the Guarantor to the Lender hereunder but unpaid; for this purpose, the Lender is authorized to purchase with the moneys *******standing to the credit of any such account such other currencies as may be necessary to effect such application.
(b) The Lender shall not be obliged to exercise any right given to it by Clause 13(a).
Local time: 18:02
składające się na saldo dodatnie/dostępne na
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Adam Lankamer
Local time: 18:02
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4 KudoZ points were awarded for this answer

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4 +1składające się na saldo dodatnie/dostępne na
Adam Lankamer



2 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
składające się na saldo dodatnie/dostępne na


Adam Lankamer
Local time: 18:02
Specializes in field
Native speaker of: Native in PolishPolish
PRO pts in category: 3420
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agree  Grzegorz Mysiński
15 mins
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