a change acts as a drawstop.

Portuguese translation: uma mudança funciona como uma recusa de empréstimo/de adiantamento

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:a change acts as a drawstop.
Portuguese translation:uma mudança funciona como uma recusa de empréstimo/de adiantamento
Entered by: Marlene Curtis

13:10 Jun 7, 2013
English to Portuguese translations [PRO]
Law/Patents - Other / Facility Agreement
English term or phrase: a change acts as a drawstop.
Thank you!
Edna Almeida
Portugal
Local time: 10:00
uma mudança funciona como uma recusa de empréstimo/de adiantamento
Explanation:
draw-stop = a recusa de adiantamento ou empréstimo por falta de pagamento, falta de cumprimeto de garantias, representações, etc.



http://www.mondaq.com/x/79590/Financial Services/Market Disr...


http://www.proz.com/kudoz/English/finance_general/3007927-dr...

http://finance.practicallaw.com/6-202-1229

In certain lending transactions, especially more heavily leveraged transactions, lenders may consider whether their ability to rely on a market disruption clause should act as a draw stop event. For example, if there is a significant change in the liquidity premium (ie the cost to the bank of obtaining funds) as it applies on the date of the term sheet produced for a certain transaction versus the liquidity premium as it applies immediately before the date on which funds are due to be advanced, could this act as a type of pre-advance material adverse change which would allow the lenders not to advance the fundingn certain lending transactions, especially more heavily leveraged transactions, lenders may consider whether their ability to rely on a market disruption clause should act as a draw stop event. For example, if there is a significant change in the liquidity premium (ie the cost to the bank of obtaining funds) as it applies on the date of the term sheet produced for a certain transaction versus the liquidity premium as it applies immediately before the date on which funds are due to be advanced, could this act as a type of pre-advance material adverse change which would allow the lenders not to advance the funding



Draw-stop events usually include the occurrence of a Default (i.e. an event of default or a potential event of
default), failure to satisfy conditions precedent, and failure to comply with the representations and warranties at
the date of drawdown.

http://employment.practicallaw.com/6-202-1229




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Note added at 1 hora (2013-06-07 14:16:09 GMT)
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http://www.proz.com/kudoz/English/finance_general/3007927-dr...

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Note added at 1 hora (2013-06-07 15:05:43 GMT)
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draw-stop (no contexto) = a recusa de fornecer uma adiantamento, um empréstimo devido ao não cumprimento de normas ou inadimplmento.
Selected response from:

Marlene Curtis
United States
Local time: 06:00
Grading comment
Obrigada!
4 KudoZ points were awarded for this answer



Summary of answers provided
4uma alteração serve (funciona) como suspensão de utilização (drawstop)
Salvador Scofano and Gry Midttun
4uma mudança funciona como uma recusa de empréstimo/de adiantamento
Marlene Curtis
3uma alteração atua como obstrução.
Elcio Gomes


  

Answers


47 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
uma alteração serve (funciona) como suspensão de utilização (drawstop)


Explanation:
drawstop
In a loan agreement, an event, such as a breach of warranty, that gives the lender the right to refuse to make further loan advances.

web3.cmvm.pt/sdi2004/fundos/docs/751RG19102004.pdf‎
22/10/2004 – quando se verifiquem determinadas suspensões de utilizações ao ... (“Drawstops”): alguns eventos previstos nos Contratos de Financiamento .

Salvador Scofano and Gry Midttun
Norway
Local time: 11:00
Native speaker of: Native in NorwegianNorwegian, Native in PortuguesePortuguese
PRO pts in category: 1764
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
uma alteração atua como obstrução.


Explanation:
Sugestão.

Elcio Gomes
Local time: 07:00
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 57
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58 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
uma mudança funciona como uma recusa de empréstimo/de adiantamento


Explanation:
draw-stop = a recusa de adiantamento ou empréstimo por falta de pagamento, falta de cumprimeto de garantias, representações, etc.



http://www.mondaq.com/x/79590/Financial Services/Market Disr...


http://www.proz.com/kudoz/English/finance_general/3007927-dr...

http://finance.practicallaw.com/6-202-1229

In certain lending transactions, especially more heavily leveraged transactions, lenders may consider whether their ability to rely on a market disruption clause should act as a draw stop event. For example, if there is a significant change in the liquidity premium (ie the cost to the bank of obtaining funds) as it applies on the date of the term sheet produced for a certain transaction versus the liquidity premium as it applies immediately before the date on which funds are due to be advanced, could this act as a type of pre-advance material adverse change which would allow the lenders not to advance the fundingn certain lending transactions, especially more heavily leveraged transactions, lenders may consider whether their ability to rely on a market disruption clause should act as a draw stop event. For example, if there is a significant change in the liquidity premium (ie the cost to the bank of obtaining funds) as it applies on the date of the term sheet produced for a certain transaction versus the liquidity premium as it applies immediately before the date on which funds are due to be advanced, could this act as a type of pre-advance material adverse change which would allow the lenders not to advance the funding



Draw-stop events usually include the occurrence of a Default (i.e. an event of default or a potential event of
default), failure to satisfy conditions precedent, and failure to comply with the representations and warranties at
the date of drawdown.

http://employment.practicallaw.com/6-202-1229




--------------------------------------------------
Note added at 1 hora (2013-06-07 14:16:09 GMT)
--------------------------------------------------

http://www.proz.com/kudoz/English/finance_general/3007927-dr...

--------------------------------------------------
Note added at 1 hora (2013-06-07 15:05:43 GMT)
--------------------------------------------------

draw-stop (no contexto) = a recusa de fornecer uma adiantamento, um empréstimo devido ao não cumprimento de normas ou inadimplmento.

Marlene Curtis
United States
Local time: 06:00
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 2943
Grading comment
Obrigada!
Login to enter a peer comment (or grade)



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