cross-default
Spanish translation: incumplimiento cruzado
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| 21:24 Nov 19, 2011 |
| English to Spanish translations [PRO] Bus/Financial - Law: Contract(s) / Letter agreement | |||||||
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|  Selected response from: lorenab23 United States Local time: 21:08 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 3 +1 | incumplimiento cruzado |
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| 4 | Insolvencia cruzada |
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| Summary of reference entries provided | |||
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| cross-default |
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Answers
1 hr confidence: 
peer agreement (net): +1
peer agreement (net): +1incumplimiento cruzado Explanation: See Reference section for definition in English El acuerdo de suministro alternativo incluye cláusulas de incumplimiento cruzado (cross default) que podrían activarse en el caso de que se produjera un incumplimiento de las obligaciones derivadas del endeudamiento de Repsol YPF, YPF u otra filial sujeta a dichas cláusulas por un importe igual o superior a 30 millones de dólares. http://www.repsol.com/ES_ES/corporacion/accionistas-e-invers... Se acepta la Cláusula Cross Default o de Incumplimiento Cruzado, que establece que si el país deja de pagar los servicios de uno de sus bonos todos los demás suscriptos de la misma forma se consideran en igual condición de mora y son reclamables por equivalencia a la Cláusula Aceleratoria, o de exigencia anticipada de las obligaciones http://www.asalbuchi.com.ar/2008/03/el-megacanje-kirchner-ba... Diccionario | "la Caixa" cláusula de incumplimiento cruzado Cláusula que permite la resolución de un contrato de crédito si el prestatario incumple cualquier otro crédito que tenga concedido. portal.lacaixa.es/docs/diccionario/C_es.html |
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3 hrs confidence:
Insolvencia cruzada Explanation: Ambas son correctas |
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Reference comments
1 hr |
| Reference: cross-default Reference information: Common stipulation in loan agreements under which a bank has a right to deny access to balances in any or all loan accounts to a borrower (with several loans at the same bank) even if only one loan goes into default. In fact, a bank can apply all available balance(s) in all account(s) of the borrower to satisfy any loan in default. Bankers justify this clause on the logic that a default sours the bank client relationship, not a just a loan agreement. http://www.businessdictionary.com/definition/cross-default-c... |
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