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non default rates

German translation: nicht zum Verzugszinssatz

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:at non default rates
German translation:nicht zum Verzugszinssatz
Entered by: Olaf Reibedanz

17:26 Aug 22, 2007
English to German translations [PRO]
Bus/Financial - Finance (general) / Stillhalteabkommen
English term or phrase: non default rates
Deferral of Interest: During the Standstill Period, interest, commissions, fees (other than legal expenses), costs and other expenses in respect of Facilities will continue to accrue and be charged at the rates and for the periods and on the dates applicable provided for in Existing Documentation save that (i) any such interest shall be charged and accrue ****at non default rates**** notwithstanding that any Credit Party may have a right to charge default rates under Existing Documentation and (ii) actual payment of any such interest, commissions, fees, costs and other expenses by the Group company liable therefor shall be deferred until the Termination Date when all such accrued interest, commissions, fees, costs and other expenses shall immediately fall due for payment to the Credit Party without demand.
Olaf Reibedanz
Colombia
Local time: 10:33
nicht zum Verzugszinssatz
Explanation:
obwohl der Schuldner im Zahklungsverzug ist (ergo das Abkommen) braucht er keine Verzugszinsen zu zahlen, sondern nur die (vermutlich erhöhten) normalen Zinsen
Selected response from:

Hans G. Liepert
Switzerland
Local time: 17:33
Grading comment
Vielen Dank!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2nicht zum Verzugszinssatz
Hans G. Liepert


  

Answers


20 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
nicht zum Verzugszinssatz


Explanation:
obwohl der Schuldner im Zahklungsverzug ist (ergo das Abkommen) braucht er keine Verzugszinsen zu zahlen, sondern nur die (vermutlich erhöhten) normalen Zinsen

Hans G. Liepert
Switzerland
Local time: 17:33
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 2011
Grading comment
Vielen Dank!

Peer comments on this answer (and responses from the answerer)
agree  Ralf Lemster: Genau.
2 hrs
  -> danke, Ralf
agree  camac
15 hrs
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