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at take-on

English translation: upon assumption of responsibility

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:at take-on
Selected answer:upon assumption of responsibility
Entered by: Jenni Lukac (X)

15:39 Jul 30, 2009
English language (monolingual) [PRO]
Law/Patents - Law: Contract(s) / factoring agreement
English term or phrase: at take-on
Context:

This facility has been granted subject to a satisfactory exercise by the relationship manager at take-on.

What exactly does "at take-on" mean in this context? Thanks in advance.
Pedro Coral Costa
Local time: 19:29
assumption of responsibility
Explanation:
The statement is not very clear, but it appears to me that it refers to moment when the relationship "takes on" responsibility for the facility. "On" is an intensifier.
Selected response from:

Jenni Lukac (X)
Local time: 20:29
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
3 +4assumption of responsibility
Jenni Lukac (X)
3acceptation/approval
Peter Moor


  

Answers


6 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +4
assumption of responsibility


Explanation:
The statement is not very clear, but it appears to me that it refers to moment when the relationship "takes on" responsibility for the facility. "On" is an intensifier.

Jenni Lukac (X)
Local time: 20:29
Native speaker of: English
PRO pts in category: 8
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  eski: I agree with your view; saludos, Jenni :))
17 mins
  -> Gracias y saludos eski
agree  Demi Ebrite
9 hrs
  -> Thanks Demi
agree  Phong Le
16 hrs
  -> Good evening and thanks Phong
agree  George C.
1 day 1 hr
  -> Thanks solarstone
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8 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
acceptation/approval


Explanation:
In this context I am fairly sure that the granting of the facility has been approved pending approval by the relationship manager.

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Note added at 10 mins (2009-07-30 15:50:13 GMT)
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On second hand, I believe I am wrong. Jenni has a better answer to this one. Sorry.

Peter Moor
United States
Local time: 14:29
Works in field
Native speaker of: Native in DutchDutch, Native in EnglishEnglish
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