certain affirmative covenants

Polish translation: niektóre warunki umowy wymagające podjęcia określonych dziąłań//o podjęciu działań

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:certain affirmative covenants
Polish translation:niektóre warunki umowy wymagające podjęcia określonych dziąłań//o podjęciu działań
Entered by: Anna Biernacka-Wierzbicka

06:28 May 27, 2017
English to Polish translations [PRO]
Law/Patents - Law: Contract(s)
English term or phrase: certain affirmative covenants
Certain Affirmative Covenants. The Borrower covenants and agrees that until full and complete performance by the Borrower of all obligations arising under the Loan and the Loan Documents, the Borrower and the Borrower Companies shall:
Anna Biernacka-Wierzbicka
Local time: 02:52
niektóre warunki umowy wymagające podjęcia określonych dziąłań//o podjęciu działań
Explanation:
The long and the short of it. Two answers that reflect the sense of the the term.
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positive covenant umowa o podjęciu działań
Piotr Bienkowski
http://www.proz.com/personal-glossaries/entry/21410461-posit...

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What is an 'Affirmative Covenant'
An affirmative covenant is a type of promise or contract which requires a party to do something. For example, a bond covenant that provides that the issuer will maintain adequate levels of insurance or deliver audited financial statements is an affirmative covenant.

http://www.investopedia.com/terms/a/affirmative-covenant.asp...
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Positive Covenant
A bond covenant that requires the issuer to take certain actions. For example, a positive covenant may require an issuer to maintain enough liquid assets to cover the principal of the bond. More commonly, a positive covenant requires the issuer to have a certain amount of insurance or submit to periodic audits. It contrasts with a negative covenant, which prevents the issuer from taking the enumerated actions. It is also called an affirmative covenant.
http://financial-dictionary.thefreedictionary.com/Affirmativ...
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Definition

A type of positive contract or promise that will require one party to do something specific, such as a bond covenant that states that the issuer of that bond shall maintain sufficient or adequate levels of insurance or will deliver audited financial statements. Can be compared with negative or restrictive covenants that require a party not to do something.

http://www.investorwords.com/15138/affirmative_covenant.html...
Selected response from:

Frank Szmulowicz, Ph. D.
United States
Local time: 21:52
Grading comment
Thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
3niektóre warunki umowy wymagające podjęcia określonych dziąłań//o podjęciu działań
Frank Szmulowicz, Ph. D.
3niektóre warunki umowy zobowiązujące do (podjęcia) określonych dzialań
Jacek Kloskowski


  

Answers


5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
niektóre warunki umowy wymagające podjęcia określonych dziąłań//o podjęciu działań


Explanation:
The long and the short of it. Two answers that reflect the sense of the the term.
ccccccccccc
positive covenant umowa o podjęciu działań
Piotr Bienkowski
http://www.proz.com/personal-glossaries/entry/21410461-posit...

ccccccc
What is an 'Affirmative Covenant'
An affirmative covenant is a type of promise or contract which requires a party to do something. For example, a bond covenant that provides that the issuer will maintain adequate levels of insurance or deliver audited financial statements is an affirmative covenant.

http://www.investopedia.com/terms/a/affirmative-covenant.asp...
ccccccc
Positive Covenant
A bond covenant that requires the issuer to take certain actions. For example, a positive covenant may require an issuer to maintain enough liquid assets to cover the principal of the bond. More commonly, a positive covenant requires the issuer to have a certain amount of insurance or submit to periodic audits. It contrasts with a negative covenant, which prevents the issuer from taking the enumerated actions. It is also called an affirmative covenant.
http://financial-dictionary.thefreedictionary.com/Affirmativ...
cccccccccccccccccccccccc

Definition

A type of positive contract or promise that will require one party to do something specific, such as a bond covenant that states that the issuer of that bond shall maintain sufficient or adequate levels of insurance or will deliver audited financial statements. Can be compared with negative or restrictive covenants that require a party not to do something.

http://www.investorwords.com/15138/affirmative_covenant.html...


Frank Szmulowicz, Ph. D.
United States
Local time: 21:52
Works in field
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 1184
Grading comment
Thanks
Login to enter a peer comment (or grade)

17 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
niektóre warunki umowy zobowiązujące do (podjęcia) określonych dzialań


Explanation:
What is an 'Affirmative Covenant'
An affirmative covenant is a type of promise or contract which requires a party to do something. For example, a bond covenant that provides that the issuer will maintain adequate levels of insurance or deliver audited financial statements is an affirmative covenant.


BREAKING DOWN 'Affirmative Covenant'
Affirmative (or positive) covenants can be compared to restrictive (or negative) covenants, which require a party not to do something, such as sell certain assets. In bond agreements, both affirmative and restrictive covenants are used to protect the interests of both issuer and bondholder.

Read more: Affirmative Covenant http://www.investopedia.com/terms/a/affirmative-covenant.asp...


Jacek Kloskowski
United States
Local time: 21:52
Works in field
Native speaker of: Native in PolishPolish, Native in EnglishEnglish
PRO pts in category: 174
Login to enter a peer comment (or grade)



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