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guarantee facility agreement

Spanish translation: ...acuerdo/convenio sobre mecanismo de garantía...

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10:51 Aug 30, 2001
English to Spanish translations [PRO]
Law/Patents
English term or phrase: guarantee facility agreement
Contrato de facilidad de garantía?
contrato de facilidad de crédito?

The Facility

The Banks grant to the Obligor, upon the terms and subject to the conditions hereof, the Facility to enable the Guarantee Agreement to be issued hereunder.

Purpose

3.1 The purpose of the Facility is to enable the provision of the Guarantee Agreement in relation to the financial obligations of the Obligor under the Finance Contract and, accordingly, the Facility may only be used for such purpose.

Conditions Precedent

The Obligor may not at any time deliver the Issue Request hereunder unless prior to such Issue Request the Agent has confirmed to the Obligor (with a copy to each Bank) that each of the conditions precedent listed in Part I of the Third Schedule has been satisfied.

Nature of Banks' Obligations

5.1 The obligations of each Bank hereunder are several and not joint.

5.2 The failure by a Bank to perform its obligations hereunder shall not affect the obligations of the Obligor towards any other party hereto nor shall any other party be liable for the failure by such Bank to perform its obligations hereunder.
buceo
Spanish translation:...acuerdo/convenio sobre mecanismo de garantía...
Explanation:
It's in the good'n'old Eurodic. Take a look below...
Selected response from:

Ramón Solá
Local time: 06:30
Grading comment
1 KudoZ points were awarded for this answer

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Summary of answers provided
na +1...acuerdo/convenio sobre mecanismo de garantía...
Ramón Solá
naEdificio
Virgilio Chavez-De la Torre
naconvenio de servicios de garantíaAlba Mora


  

Answers


41 mins
convenio de servicios de garantía


Explanation:
Suerte

Alba Mora
Local time: 09:30
Native speaker of: Native in SpanishSpanish
PRO pts in pair: 636
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1 hr
Edificio


Explanation:
Me queda la duda si FACILITY no se refiere en este caso a un edificio o estructura física que pueda usarse como garantía de las obligaciones.

Esto dependería de que FACILITY sea definido en otra parte del contrato.

Virgilio Chavez-De la Torre
PRO pts in pair: 323
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12 hrs peer agreement (net): +1
...acuerdo/convenio sobre mecanismo de garantía...


Explanation:
It's in the good'n'old Eurodic. Take a look below...


    Reference: http://eurodic.ip.lu/cgi-bin/edicbin/EuroDicWWW.pl
Ramón Solá
Local time: 06:30
Native speaker of: Native in SpanishSpanish
PRO pts in pair: 3952

Peer comments on this answer (and responses from the answerer)
agree  mgazitua
3 days 15 hrs
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