11:40 Jun 28, 2012 |
Danish to English translations [PRO] Bus/Financial - Law: Taxation & Customs | |||||||
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Summary of answers provided | ||||
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5 | Seniority |
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1 | authorized / consented to |
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Summary of reference entries provided | |||
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rekvirenten giver banken transport = rekvirenten giver banken samtykke |
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Discussion entries: 1 | |
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authorized / consented to Explanation: Should a settlement or court decision evidence that the beneficiary was not entitled to receive payment under the guarantee, the beneficiary is obliged to repay the amount and accrued interest to (BANK), if it is found that the (guarantee) ordering customer has ***authorized / consented to*** any potential recovery claim including interest to be brought by the bank (against the beneficiary of this guarantee). |
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Seniority Explanation: The correct legal term is Seniority. Subordination is the degradation of priority for a party in a debt, credit claim or service agreement where an exchange of assets occur. Seniority is given to a party to ensure reclamation of assets to one party. In US law, courts can make one party subordinate to another, and the compliment, one party senior to another or all others. The agreement has stated one party has given the bank Seniority in repayment, i.e. the bank will be paid before anyone else is. Reference: http://en.wikipedia.org/wiki/Seniority_(finance) |
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8 hrs |
Reference: rekvirenten giver banken transport = rekvirenten giver banken samtykke Reference information: BESTILLING AF GARANTI www.nykredit.dk/.../Bestilling_af_garanti_0911.... - PDF/Adobe Acrobat - Quick view gældende over for Nykredit Bank A/S. 8.2 ***Rekvirenten giver herved Nykredit Bank A/S transport*** i beløb, der er betalt under garantien, og som beneficianten ... Fremgangsmåden ved udlæg www.themis.dk/.../Fremgangsmaaden_ved_udlae... Da kreditors bank forinden antageligt ved en fejl havde udlevet den originale check til .... Den enkelte ***rekvirent kunne dog for sit vedkommende give samtykke*** hertil. .... UfR 1982.266 ØLK: Anpartsselskabet AMBJ Transport var blevet dømt til ... |
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