Romanian translation: scutire, derogare, renunțare
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English to Romanian translations [PRO] Bus/Financial - Law: Contract(s) / joint venture agreement
English term or phrase:wavering
If at anytime an even of default occurs as one party fails to execute any obligations assumed according to this agreement and/or refuses to act as a Company’s shareholder according to the obligations or engagements assumed under the provisions of this agreement (for exemplar, but not limiting: to vote in the Company’s Board as agreed, to assign the shares as engaged, the Defaulting party agrees to pay to Non-Defaulting party the penalty at the value of .. Euro no executing obligations as assumed. The total amount of the penalties is guaranteed personally by Mr. X and Mr. Y as the solider warranties, each one wavering at the benefit of seisuzure and sale and benefit of division.