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Translation exercises #7.


Finance



Finance


analyze

Some title

If the Borrower concludes with any other financial creditor a financing agreement that includes a covenant or other provision regarding its financial ratios that is not provided for in this Contract or is more favourable to the relevant financial creditor than any equivalent provision of this Contract is to the Bank, the Borrower shall promptly inform the Bank and shall provide a copy of the more favourable provision to the Bank. The Bank may request that the Borrower promptly executes an agreement to amend this Contract so as to provide for an equivalent provision in favour of the Bank.



analyze

If none of the foregoing actions is taken within the period specified by the Bank in its relevant notice and to its satisfaction, the Borrower shall, upon demand by the Bank, immediately prepay to the Bank the outstanding Loan together with all unpaid interest accrued to the date of prepayment on the amount prepaid, a compensation, if any, calculated in accordance with Article 4.02B and any other sums then payable under this Contract on the amount prepaid



analyze

The non-exercise by the Bank of the right to demand the issuance of the Guarantee or to demand the making of a cash collateral deposit or the execution of other security shall not be deemed to be a waiver of the Bank’s right hereunder, if, in the reasonable opinion of the Bank, such Guarantor has suffered a material adverse change since becoming a Guarantor or has failed to comply with any condition specified in the Bank's notice of acceptance delivered under Article 7.04B(b),



analyze

save in the case of paragraph (d) of this Article 7.04C procure that the Affected Guarantor either: (i) provides cash collateral in favour of the Bank, which collateral shall be acceptable to the Bank and be executed on such terms as the Bank may reasonably require, as security for the Affected Guarantor’s obligations under the Guarantee; or (ii) provides other security offering protection in manner, form and substance acceptable to the Bank; or



Test your knowledge of the terms related to contracts and parties thereto


The correct use of preposition is always a headache. Gain experience in using them correctly:
Prepositions 1
Insert the prepositions in the text

Let's complicate thing further. Use prepositions in time expressions:
Prepositions in time expressions

Are you ready for the lesson on the second part of the property sales and purchase contract? Click here:
Lesson 3 - Sales contract Part 2