Nov 25, 2005 09:10
18 yrs ago
Italian term
a che la società ... non concedano
Italian to English
Law/Patents
Law: Contract(s)
Lucky last one for this loan agreement between a bank and a company. This is a bit weird and I'm tired. The clause says:
La Società si obbliga per il periodo dell’accettazione della presente fino alla totale estinzione delle ragioni di credito tutte nei di lei confronti:
(a) ad inviare ...
(b) a notificare ...
(c) a fornire la documentazione ed ogni altra notizia o dato sulle proprie condizioni patrimoniali;
all of which is fine and dandy, but now the weird one
(d) a che la Società, salvo preventivo accordo scritto della Banca, non concedano garanzie reali sui propri beni per finanziamenti ed affi-damenti in genere concessi da banche o altri enti finanziatori.
Is this a non-sequitur or what am I missing? ANd what is "a che la società non concedano"?
Help help I'm stuck. THank you!
La Società si obbliga per il periodo dell’accettazione della presente fino alla totale estinzione delle ragioni di credito tutte nei di lei confronti:
(a) ad inviare ...
(b) a notificare ...
(c) a fornire la documentazione ed ogni altra notizia o dato sulle proprie condizioni patrimoniali;
all of which is fine and dandy, but now the weird one
(d) a che la Società, salvo preventivo accordo scritto della Banca, non concedano garanzie reali sui propri beni per finanziamenti ed affi-damenti in genere concessi da banche o altri enti finanziatori.
Is this a non-sequitur or what am I missing? ANd what is "a che la società non concedano"?
Help help I'm stuck. THank you!
Proposed translations
(English)
| 3 +4 | the company undertakes not to offer.... |
Marie-Hélène Hayles
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| 4 +1 | is under an obligation ...not to create real charges |
Thomas Roberts
|
Proposed translations
+4
7 mins
Marie-Hélène Hayles
Native in English
Works in field
medicine - chemistry - pharmaceuticals
Native in: English
Works in: Italian to English, English
Related KudoZ points
:
118
Italian term (edited):
a che la societ� ... non concedano
Selected
the company undertakes not to offer....
I think what it's saying is that the company undertakes not to offer its property as a guarantee for any loan it might take out.
Peer comment(s):
| agree |
transparx
: yes, it shoud be "conceda," i think. --also, "agrees not to grant" perhaps. at least, this is what i was going to suggest, which amounts to the same thing, basically
2 mins
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| agree |
Grace Anderson
: or "undertakes to refrain from granting.."
4 mins
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yes - that's a more elegant way of putting it!
|
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| agree |
Enza Longo
: with Grace
2 hrs
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| agree |
Antonio Caselli
: I agree, but I think that "garanzie reali" should be translated as "collateral", i.e. "The company undertakes not to pledge its property as collateral for any loan.... "A che" here does not mean anything; it should've been: "A non concedere..."
8 hrs
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I must say you're all being very noble in agreeing with me rather than putting up your own suggestions!
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4 KudoZ points awarded for this answer.
Comment: "Thanks so much to everyone for your contributions"
+1
20 mins
Thomas Roberts
Native in Italian
&
English
Specializes in field
Multilingual academic lawyer
Native in: English (Variant: Scottish) 
, Italian
Works in: Italian to English, German to English, French to English, and 3 more.
Related KudoZ points
:
1370
Italian term (edited):
a che la societ� ... non concedano
is under an obligation ...not to create real charges
The repetition of "società" is superfluous.
"Guarantee" is not really used in relation to property rights in English, and so is not a particularly accurate rendition of "garanzia". A charge is a generic term for a burden on real property (e.g. "floating charge").
There could be a better term than "charge", but it doesn't come to mind just now. A charge consists in a legal burden on a piece of real property in guarantee of a personal right such as a debt. You could also refer to a "real right in security", though I don't think that is in widespread use in all common law jurisdictions.
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Note added at 26 mins (2005-11-25 09:37:15 GMT)
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Just saw the first comment: "undertakes ...not to create real charges" is better.
By the way "grant" is better than "offer". In the colloquial sense you can offer property in guarantee, but technically speaking you then create (or also grant) a charge over it.
"Guarantee" is not really used in relation to property rights in English, and so is not a particularly accurate rendition of "garanzia". A charge is a generic term for a burden on real property (e.g. "floating charge").
There could be a better term than "charge", but it doesn't come to mind just now. A charge consists in a legal burden on a piece of real property in guarantee of a personal right such as a debt. You could also refer to a "real right in security", though I don't think that is in widespread use in all common law jurisdictions.
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Note added at 26 mins (2005-11-25 09:37:15 GMT)
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Just saw the first comment: "undertakes ...not to create real charges" is better.
By the way "grant" is better than "offer". In the colloquial sense you can offer property in guarantee, but technically speaking you then create (or also grant) a charge over it.
Peer comment(s):
| agree |
Romanian Translator (X)
3 days 4 hrs
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Discussion