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Possessory pledge
in such proportion and at a premium or at par or at a discount

Glossary entry

inglés term or phrase:

Pledged Credit Rights

español translation:

derechos de crédito pignorados

Added to glossary by Rebecca Jowers
Feb 12, 2020 13:45
4 yrs ago
24 viewers *
inglés term

Pledged Credit Rights

inglés al español Jurídico/Patentes Finanzas (general)
Buenas tardes,

Estoy traduciendo un Security Agreement y me gustaría saber si alguien me puede confirmar si el término Pledged Credit Rights se podría traducir en este contexto como "Derechos del Crédito Pignorado"

In accordance with Clause 21 (Transaction Security) of the Facility Agreement, the Parties agreed that the obligations deriving from the Facility Agreement would be secured by, among others, (i) a possessory pledges over the Pledged Credit Rights (as defined in Clause 1 below); and (ii) a pledge over the shares representing hundred per cent (100%) of the share capital of the Borrower and all economic rights attached to them.

Muchas gracias
Proposed translations (español)
4 derechos de crédito pignorados
4 +1 créditos pignorados
Change log

Feb 17, 2020 11:41: Rebecca Jowers Created KOG entry

Discussion

Carmen Ferrando (asker) Feb 12, 2020:
Definición Más abajo en el documento, lo definen así:
the credit rights held by the Borrower due to ownership of the Pledged Accounts, including any credit rights that the Borrower may hold now or in the future vis-à-vis the Depository Bank under the agreements arranging the opening of the aforementioned accounts or making the appropriate deposits, as well as the balance of each one of the Pledged Accounts at any given time;
the rights to which the Borrower and/or the Shareholders are entitled pursuant to the Pledged Agreements; and
the rights to which the Borrower is entitled pursuant to the Energy Revenues.

Proposed translations

26 minutos
Selected

derechos de crédito pignorados

Note from asker:
Gracias, casi lo acerté!
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Gracias!"
+1
16 horas

créditos pignorados

In my experience, "crédito" by itself means "collection right" (in Spain, at least). This is certainly the case in insolvency law
Reference:

https://www.leanabogados.com/concursal/creditos-antes-concurso-acreedores/

https://www.administracionpublica.com/pignoracion-de-creditos/

Note from asker:
Thank you, John
Peer comment(s):
agree Adrian MM.
2 horas
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