Jun 5, 2013 06:13
11 yrs ago
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English term

Subordination of Intercompany Indebtedness.

English to Spanish Law/Patents Finance (general)
Each Guarantor agrees that all Indebtedness owing from time to time by it to the Borrower or any of the Borrower’s Subsidiaries shall be subordinated to the prior payment in full of the Guaranteed Obligations, and to that end, no
payments on account of such Indebtedness shall be made at any time during the continuance of an Event of Default.

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Proposed translations

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Subordinación de la deuda entre empresas/interempresarial

En español hablamos de "deuda subordinada"

"La deuda subordinada son títulos valores de renta fija con rendimiento explícito, emitidos habitualmente por entidades de crédito y grandes sociedades, en los que el cobro de los intereses puede estar condicionado a la existencia de un determinado nivel de beneficios."

Traducción de la frase de tu texto:
"shall be subordinated to the prior payment"
"debe subordinarse al pago anterior"
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