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06:28 May 27, 2017 |
English to Polish translations [PRO] Law/Patents - Law: Contract(s) | |||||||
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| Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 21:52 | ||||||
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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... |
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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... |
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