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Spanish to English translations [PRO] Law/Patents - Law (general)
Spanish term or phrase:subsistir sobre
Hello Proz users!
I am translating an extensive and quite difficult bank guarantee. In one of the paragraphs, it's explained that if the guarantor wishes to cancell the bank guarantee, he has to serve notice at least 60 days in advance of the bank guarantee termination. During this period (from notice to deadline), "el afianzamiento (joint and several surety) subsistirá naturalmente sobre las operaciones habidas hasta dicha fecha límite (up to deadline), estén o no pendientes de vencimiento, inicial o prorrogado".
I am not sure about the meaning of "subsistir sobre" in this case. I guess it can mean "the surety will cover all the operations up to the deadline" but need confirmation.