Umowa kredytowa 4

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jautājums atbilde
Payments into Control Accounts
Transfers of funds into designated accounts used to manage loan-related cash flows.
sākt mācīties
wpłaty na rachunki kontrolne
without prejudice to
This phrase means that the clause does not override or conflict with mandatory legal provisions.
sākt mācīties
bez uszczerbku dla
mandatory law
Laws that must be followed regardless of contract terms, such as tax regulations.
sākt mācīties
obowiązujące prawo
Rental Income
Money received from tenants under lease agreements.
sākt mācīties
wpływy z tytułu czynszu
Service Charges
Charges paid by tenants for building maintenance and utilities.
sākt mācīties
opłaty eksploatacyjne
Lease Agreement
A legal contract between landlord and tenant outlining rental terms.
sākt mācīties
umowa najmu
Insurance Agreement
A contract that provides financial protection against property-related risks.
sākt mācīties
umowa ubezpieczenia
VAT Recoveries
Refunds of value-added tax received from tax authorities.
sākt mācīties
zwroty VAT
promptly paid
Indicates that payments must be made without delay.
sākt mācīties
niezwłocznie wpłacone
respective account
The specific account designated for a particular type of income or transaction.
sākt mācīties
odpowiedni rachunek
Control Account
A bank account designated for specific financial operations under the loan agreement.
sākt mācīties
rachunek kontrolny
Facility Period
The time during which the borrower can draw funds under the loan facility.
sākt mācīties
okres dostępności kredytu
Debt Service Reserve Account
An account used to hold funds reserved for future debt payments.
sākt mācīties
rachunek rezerw na obsługę zadłużenia
Capex Deposit Account
An account for capital expenditure funds, such as renovations or upgrades.
sākt mācīties
rachunek depozytowy CAPEX
VAT Split Payment Account
A legally required account for handling VAT payments under the split payment mechanism.
sākt mācīties
rachunek VAT – mechanizm podzielonej płatności
denominated in
Indicates the currency in which the account is held (e.g., EUR, PLN).
sākt mācīties
denominowany w
designated branch
The specific branch of the lender where the account is opened.
sākt mācīties
wyznaczony oddział
may not maintain
The borrower is prohibited from holding other accounts without written consent.
sākt mācīties
nie może utrzymywać
procure that
The borrower must ensure that a certain action is carried out, often by third parties.
sākt mācīties
zapewnić, że
General Account
A default account for receiving funds not allocated to other control accounts.
sākt mācīties
rachunek ogólny
Default
A situation where the borrower fails to meet contractual obligations, such as payment delays.
sākt mācīties
naruszenie umowy
withdraw amounts
To take money out of an account, subject to conditions in the agreement.
sākt mācīties
dokonywać wypłat
VAT Account
A dedicated account for handling VAT recoveries, blocked in favor of the Agent.
sākt mācīties
rachunek VAT
Tax Authority
The government institution responsible for collecting taxes and issuing VAT refunds.
sākt mācīties
organ podatkowy
blocked in favour of
Indicates that the account is restricted and controlled by another party (e.g., the Agent).
sākt mācīties
zablokowany na rzecz
VAT Facility
A loan facility specifically related to VAT obligations and recoveries.
sākt mācīties
kredyt VAT
first Utilization
The first time the borrower draws funds under the loan facility.
sākt mācīties
pierwsze wykorzystanie
Availability Period
The time frame during which the borrower can use the loan facility.
sākt mācīties
okres dostępności
written request
A formal request made in writing, often required for contractual actions.
sākt mācīties
pisemny wniosek
Deposits Account
A blocked account used to hold security deposits from tenants or contractors.
sākt mācīties
rachunek depozytowy
cash deposit
A sum of money paid as security under a lease or construction contract.
sākt mācīties
depozyt pieniężny
Building Contract
A contract between the borrower and contractor for construction services.
sākt mācīties
umowa budowlana
unsettled realizations
Project budget items that have not yet been paid or finalized.
sākt mācīties
nierozliczone realizacje
Project Budget
The total planned financial allocation for the development project.
sākt mācīties
budżet projektu
no more than 5%
A limitation on the amount that can be deposited based on the project budget.
sākt mācīties
nie więcej niż 5%
Secured Obligations
Obligations of the borrower that are secured by collateral or controlled accounts.
sākt mācīties
zabezpieczone zobowiązania
return the deposit
To refund the deposit to the tenant or contractor under contract terms.
sākt mācīties
zwrócić depozyt
transfer to Rent Account
Moving the deposit to the rent account, usually to cover tenant liabilities.
sākt mācīties
przelać na rachunek czynszowy
Rent Account
A bank account used to collect rental income from tenants, excluding service charges and deposits.
sākt mācīties
rachunek czynszowy
unblocked
An account that is accessible for transactions, subject to conditions in the agreement.
sākt mācīties
nieblokowany
Debt Service
Payments related to loan interest and principal, including hedge settlements.
sākt mācīties
obsługa zadłużenia
Hedge Documents
Contracts used to manage financial risks, such as interest rate swaps.
sākt mācīties
dokumenty zabezpieczające ryzyko
Operating Costs
Expenses related to property management, such as maintenance and utilities.
sākt mācīties
koszty operacyjne
Taxes
Statutory payments due to tax authorities.
sākt mācīties
podatki
Operating Budget
A financial plan for covering operating costs, approved by the Agent.
sākt mācīties
budżet operacyjny
Compliance Certificate
A quarterly report confirming compliance with financial covenants.
sākt mācīties
certyfikat zgodności
Occupancy Permit
An official document allowing the use of a completed building.
sākt mācīties
pozwolenie na użytkowanie
Investment Facility
A loan facility used for financing long-term investments.
sākt mācīties
kredyt inwestycyjny
Development Facility Tranches
Portions of a loan used for development purposes, repaid before surplus funds are released.
sākt mācīties
transze kredytu rozwojowego
credit balance
The amount of money available in the account.
sākt mācīties
saldo kredytowe
first Utilisation Date
The date when the borrower first draws funds under the facility.
sākt mācīties
data pierwszego wykorzystania
projected Debt Service
Estimated loan payments due in the next period.
sākt mācīties
prognozowana obsługa zadłużenia
shortfall amount
The difference between required and actual reserve balance.
sākt mācīties
kwota brakująca
DSCR Deposit
A separate deposit used to meet conditions for loan utilization.
sākt mācīties
depozyt DSCR
Construction Period
The phase during which the property is being developed.
sākt mācīties
okres budowy
Projected DSCR
Debt Service Coverage Ratio forecasted for covenant compliance.
sākt mācīties
prognozowany wskaźnik DSCR
Service Charge Account
An account used to collect service charges from tenants and pay operating costs.
sākt mācīties
rachunek opłat eksploatacyjnych
capital expenditures
Long-term investments in property maintenance or upgrades.
sākt mācīties
wydatki kapitałowe
fit-out contributions
Financial support for tenant-specific interior works.
sākt mācīties
wkłady na wykończenie powierzchni
Insurance Proceeds Account
A blocked account used to collect insurance payouts directly from insurers.
sākt mācīties
rachunek środków z ubezpieczenia
insurance proceeds
Compensation received from insurers for covered damages.
sākt mācīties
środki z ubezpieczenia
not to be unreasonably withheld or denied
A clause ensuring that consent must be given fairly and without unnecessary delay.
sākt mācīties
nie może być bezzasadnie odmówiona
Withdrawal
The act of taking money out of a bank account.
sākt mācīties
wypłata
prior written consent
Formal approval required before taking certain actions.
sākt mācīties
uprzednia pisemna zgoda
irrevocably authorised
The borrower permanently grants the Agent authority to act.
sākt mācīties
nieodwołalnie upoważniony
Finance Documents
Legal documents governing the loan and its terms.
sākt mācīties
dokumenty finansowe
Interest Payment Date
The scheduled date for interest payments under the loan.
sākt mācīties
dzień płatności odsetek
Final Repayment Date
The date when the loan must be fully repaid.
sākt mācīties
dzień ostatecznej spłaty
Hedging Arrangements
Financial strategies to protect against interest rate or currency fluctuations.
sākt mācīties
zabezpieczenia (hedging)
interest rate swap
A contract to exchange fixed and floating interest payments.
sākt mācīties
swap stopy procentowej
cap transaction
A hedging instrument that sets a maximum interest rate.
sākt mācīties
transakcja typu „cap”
Commitment
The total amount committed under a loan tranche.
sākt mācīties
zobowiązanie
form and substance satisfactory to
Indicates that the lender must approve the structure and terms of the hedge.
sākt mācīties
forma i treść satysfakcjonująca dla
Hedging Mortgage
A third-ranking mortgage securing obligations under hedging contracts.
sākt mācīties
hipoteka hedgingowa
third ranking mortgage
A mortgage that ranks behind two other existing mortgages.
sākt mācīties
hipoteka trzeciego stopnia
submission to voluntary execution
A legal declaration allowing enforcement without court proceedings.
sākt mācīties
poddanie się egzekucji
power of attorney to Control Accounts
Authorization allowing the lender to manage designated accounts.
sākt mācīties
pełnomocnictwo do rachunków kontrolnych
cap transaction with premium paid upfront
A hedging instrument where the borrower pays a fixed fee at the start.
sākt mācīties
transakcja typu „cap” z premią zapłaconą z góry
deregistration of mortgage
Legal removal of a mortgage from the land and mortgage register.
sākt mācīties
wykreślenie hipoteki
dispose mortgage space
To reassign or release priority space in the mortgage register.
sākt mācīties
zbyć miejsce hipoteczne
treasury transactions
Financial market operations, often involving currencies or interest rates.
sākt mācīties
transakcje skarbowe
speculative basis
Transactions aimed at profit from market movements, not risk management.
sākt mācīties
charakter spekulacyjny
notional amount
The principal amount used to calculate payments in a derivative contract.
sākt mācīties
wartość nominalna
Loan to Cost Ratio (LTC)
A ratio comparing the loan amount to total project costs.
sākt mācīties
wskaźnik kredyt do kosztu
Loan to Cost Covenant
A contractual limit on the LTC ratio to ensure financial discipline.
sākt mācīties
zobowiązanie LTC
Loan to Value Ratio (LTV)
A ratio comparing the loan amount to the appraised property value.
sākt mācīties
wskaźnik kredyt do wartości
Loan to Value Covenant
A contractual obligation to maintain the LTV ratio below a specified threshold.
sākt mācīties
kovenant LTV
Valuation of the Property
An appraisal determining the current market value of the property.
sākt mācīties
wycena nieruchomości
Clause 23.6 (Valuations)
Section of the agreement outlining valuation procedures.
sākt mācīties
punkt 23.6 (wyceny)
updated Valuation
A revised appraisal reflecting current market conditions.
sākt mācīties
zaktualizowana wycena
Debt Service Coverage Ratio (DSCR)
A measure of the project’s ability to service debt from its cash flow.
sākt mācīties
wskaźnik pokrycia obsługi zadłużenia
Historical DSCR
Based on actual past cash flows.
sākt mācīties
historyczny wskaźnik DSCR
Covenant
A contractual financial condition the borrower must meet.
sākt mācīties
zobowiązanie finansowe
Required Equity Contribution
Minimum equity the borrower must invest, usually ~40% of total costs.
sākt mācīties
wymagany wkład kapitałowy
Subordinated Loan
A loan with lower repayment priority, often counted as quasi-equity.
sākt mācīties
pożyczka podporządkowana
Screen Rate
A published benchmark interest rate (e.g., EURIBOR, WIBOR).
sākt mācīties
stawka ekranowa
Refinitiv screen
Financial data platform displaying benchmark rates.
sākt mācīties
ekran Refinitiv
administered by
Indicates the institution responsible for publishing the rate.
sākt mācīties
administrowany przez
Disposals
Transactions involving the sale or transfer of assets.
sākt mācīties
zbycie aktywów
series of transactions
Multiple related or unrelated asset transfers.
sākt mācīties
seria transakcji
Property
Real estate owned by the borrower, often used as collateral.
sākt mācīties
nieruchomość
Total Development Facility Commitments
The total amount committed under the development facility.
sākt mācīties
łączne zobowiązania z tytułu kredytu rozwojowego
restricted property rights
Legal rights such as easements or access rights.
sākt mācīties
ograniczone prawa rzeczowe
utility providers
Companies providing essential services like water, electricity, or gas.
sākt mācīties
dostawcy mediów
Financial Indebtedness
Any obligation to repay borrowed money or provide financial guarantees.
sākt mācīties
zobowiązania finansowe
creditor
A party to whom money is owed.
sākt mācīties
wierzyciel
incur
To become liable for a financial obligation.
sākt mācīties
zaciągnąć
discharge
To settle or eliminate a financial obligation.
sākt mācīties
spłacić / umorzyć
set-off
Offsetting mutual debts between parties.
sākt mācīties
potrącenie
guarantee / indemnity / bond / letter of credit
Instruments used to support or secure financial obligations.
sākt mācīties
gwarancja / zabezpieczenie / obligacja / akredytywa
Finance Document
Legal documents governing the loan and related obligations.
sākt mācīties
dokument finansowy
Subordinated Loan
A loan that ranks below other debts in case of liquidation.
sākt mācīties
pożyczka podporządkowana
Subordinated Lender
The party providing a subordinated loan.
sākt mācīties
pożyczkodawca podporządkowany
assign
To legally transfer rights or obligations to another party.
sākt mācīties
dokonać cesji
purport to assign
To claim or attempt to transfer rights, even if not legally valid.
sākt mācīties
próbować dokonać cesji
merger / de-merger / transformation
Corporate restructuring actions that change the legal or operational form of the company.
sākt mācīties
fuzja / podział / przekształcenie
prior written consent
Formal approval required before taking certain actions.
sākt mācīties
uprzednia pisemna zgoda
conduct of business
The way in which the borrower operates and manages its business.
sākt mācīties
prowadzenie działalności
material change
A significant alteration in the nature or scope of business activities.
sākt mācīties
istotna zmiana
Constitutional Documents
Legal documents defining the company’s structure and governance.
sākt mācīties
dokumenty założycielskie
Finance Documents
Agreements and instruments governing the loan and financial obligations.
sākt mācīties
dokumenty finansowe
arms' length terms
Terms that reflect fair market value and independent negotiation.
sākt mācīties
warunki rynkowe
separate legal entity
A company that operates independently and is legally distinct from others.
sākt mācīties
odrębny podmiot prawny
corporate seat
The registered legal address of the company.
sākt mācīties
siedziba spółki
speculative transactions
Deals made to profit from market fluctuations, not allowed here.
sākt mācīties
transakcje spekulacyjne
Transaction Documents
Legal agreements forming part of the financing structure.
sākt mācīties
dokumenty transakcyjne
Material Agreement
A contract that could significantly affect the borrower's financial or legal position.
sākt mācīties
istotna umowa
Material Adverse Effect
A situation that could harm the borrower's ability to meet obligations.
sākt mācīties
istotny negatywny wpływ
Security Assignment Agreement
Contract transferring rights and claims to the lender as collateral.
sākt mācīties
umowa o przeniesienie zabezpieczeń
restrictions on assignments
Clauses that prevent transferring rights to another party.
sākt mācīties
ograniczenia cesji
Centre of Main Interests (COMI)
The jurisdiction where the borrower conducts its main business activities.
sākt mācīties
centrum interesów głównych
Establishment
A fixed place of business relevant for legal and insolvency purposes.
sākt mācīties
zakład
Tax residence
The country where the borrower is legally obligated to pay taxes.
sākt mācīties
rezydencja podatkowa
contested in good faith
Disputing a tax liability through legitimate legal means.
sākt mācīties
kwestionowane w dobrej wierze
adequate reserve
Funds set aside to cover potential tax liabilities.
sākt mācīties
odpowiednia rezerwa
Distributions
Payments to shareholders or group entities, such as dividends or fees.
sākt mācīties
dystrybucje
declare or pay dividends
To announce and transfer profits to shareholders.
sākt mācīties
ogłaszać lub wypłacać dywidendy
Subordinated Loans
Loans that rank below other debts in case of liquidation.
sākt mācīties
pożyczki subordynowane
Final Completion Date
The date when all phases of the project are fully completed.
sākt mācīties
data ostatecznego zakończenia
Required Equity Contribution
The minimum equity the borrower must invest in the project.
sākt mācīties
wymagana wysokość wkładu kapitałowego
Debt Service Reserve Amount
Funds reserved to cover upcoming debt payments.
sākt mācīties
kwota rezerwy na obsługę zadłużenia
Capex Deposit Account
Account used to fund capital expenditures.
sākt mācīties
rachunek depozytowy CAPEX
Security Documents
Legal documents establishing collateral for the loan.
sākt mācīties
dokumenty zabezpieczające
registered pledge
Security interests registered in official pledge registers.
sākt mācīties
zastaw rejestrowy
once in a calendar quarter
Indicates the maximum frequency of allowed distributions.
sākt mācīties
raz na kwartał kalendarzowy
Change of Control
A situation where ownership or voting power shifts significantly.
sākt mācīties
zmiana kontroli
Agent
The party acting on behalf of lenders in a syndicated loan.
sākt mācīties
Agent (reprezentant kredytodawców)
Ordinary wear and tear
Natural deterioration from regular use.
sākt mācīties
normalne zużycie
Guarantee
A promise to pay another party’s debt if they default.
sākt mācīties
gwarancja
Pari passu
All creditors are treated equally in terms of repayment.
sākt mācīties
równorzędny priorytet
Unsecured creditor
A creditor without collateral backing the loan.
sākt mācīties
wierzyciel niezabezpieczony
Subordinated creditor
A creditor whose claims rank below others.
sākt mācīties
wierzyciel podporządkowany
Mandatorily preferred
Claims that must be prioritized by law.
sākt mācīties
uprzywilejowany z mocy prawa
Acquisition
The act of buying assets or shares.
sākt mācīties
nabycie
Subscribe for shares
To agree to purchase shares in a company.
sākt mācīties
objęcie udziałów
Conditions Subsequent
Obligations to be fulfilled after signing the agreement.
sākt mācīties
warunki następcze
Existing Accounts
Bank accounts held before the new financing structure.
sākt mācīties
istniejące rachunki
Mortgage
A legal charge over real estate to secure a loan.
sākt mācīties
hipoteka
Notarial deed
A formal document signed before a notary public.
sākt mācīties
akt notarialny
Registered pledge
A security interest registered in a public register.
sākt mācīties
zastaw rejestrowy
Pledge Agreement
Contract establishing a pledge over assets.
sākt mācīties
umowa zastawu
Assignment of rights
Transfer of rights from one party to another.
sākt mācīties
cesja praw
Lease Agreement
A contract for renting property.
sākt mācīties
umowa najmu
Gross Lease Area
Total rentable area of a property.
sākt mācīties
powierzchnia brutto najmu
Building Contract
Agreement for construction works.
sākt mācīties
umowa budowlana
Acknowledged by the debtor
The debtor confirms the assignment or obligation.
sākt mācīties
uznane przez dłużnika
Best effort basis
Attempted with reasonable diligence but not guaranteed.
sākt mācīties
w miarę możliwości / według najlepszych starań
Registration proceedings
Legal process of entering a right into a public register.
sākt mācīties
postępowanie rejestracyjne
Project Documents
Contracts and documents governing the execution of the project.
sākt mācīties
dokumenty projektowe
Authorisations
Official approvals or permits required for the project.
sākt mācīties
autoryzacje / zezwolenia
Material obligations
Obligations that significantly affect the project’s success.
sākt mācīties
istotne zobowiązania
Breach
Failure to comply with a contractual obligation.
sākt mācīties
naruszenie
Default
A situation where a party fails to meet its contractual duties.
sākt mācīties
niewykonanie / naruszenie
Development Contract
Agreement governing the construction and development of the project.
sākt mācīties
umowa deweloperska
Amend or vary
To alter the terms of a contract.
sākt mācīties
zmienić lub zmodyfikować
Terminate / Suspend / Cancel
To end or pause a contractual agreement.
sākt mācīties
rozwiązać / zawiesić / anulować
Unreasonably withheld or delayed
A clause ensuring fairness in granting approvals.
sākt mācīties
bezzasadnie wstrzymana lub opóźniona (zgoda)
Discretion
The right to make decisions based on judgment.
sākt mācīties
swoboda decyzji / uznaniowość
For the avoidance of doubt
Phrase used to clarify and prevent misinterpretation.
sākt mācīties
dla uniknięcia wątpliwości
Acceptable Invoices
Invoices approved under the financing terms.
sākt mācīties
akceptowalne faktury
Project Monitor
Independent party overseeing project progress.
sākt mācīties
nadzorca projektu
Professional indemnity insurance
Insurance covering professional errors or negligence.
sākt mācīties
ubezpieczenie odpowiedzialności zawodowej
Retention mechanism
Withholding part of payment as performance guarantee.
sākt mācīties
mechanizm zatrzymania
Irrevocable guarantee
A guarantee that cannot be withdrawn or cancelled.
sākt mācīties
gwarancja nieodwołalna
Payable on first demand
Guarantee payable immediately upon request.
sākt mācīties
płatna na pierwsze żądanie
Outstanding/disputable payments
Payments not yet made or under dispute.
sākt mācīties
zaległe/sporne płatności
Environmental Law
Legal regulations governing environmental protection.
sākt mācīties
prawo ochrony środowiska
Environmental Permits
Official approvals required for activities affecting the environment.
sākt mācīties
pozwolenia środowiskowe
Material respect
A significant or substantial part of compliance.
sākt mācīties
istotny aspekt
Anticipation
Taking action before something happens.
sākt mācīties
przewidywanie / przygotowanie
Environmental Claim
Legal action related to environmental damage or non-compliance.
sākt mācīties
roszczenie środowiskowe
Reasonably practicable
Feasible under normal circumstances.
sākt mācīties
racjonalnie możliwe do wykonania
Threatened in writing
A formal warning of potential legal action.
sākt mācīties
zagrożone na piśmie
Compliance
Adherence to laws or regulations.
sākt mācīties
zgodność
Without undue delay
As soon as reasonably possible.
sākt mācīties
bez zbędnej zwłoki
Notify
To formally inform another party.
sākt mācīties
poinformować
Valuation
An assessment of the property's market value.
sākt mācīties
wycena
Original Valuation
The first valuation before any loan drawdown.
sākt mācīties
wycena początkowa
Utilisation
Drawing funds under the loan facility.
sākt mācīties
wykorzystanie (środków z kredytu)
Investment Facility Tranche
A portion of the loan designated for investment purposes.
sākt mācīties
transza inwestycyjna
Valuer
A professional who performs property valuations.
sākt mācīties
rzeczoznawca
Event of Default
A breach of loan terms triggering lender rights.
sākt mācīties
zdarzenie naruszenia
Justified request
A reasonable and legitimate demand.
sākt mācīties
uzasadnione żądanie
External appraiser
Independent expert hired to assess property.
sākt mācīties
zewnętrzny rzeczoznawca
Survey
A detailed inspection or report on the property.
sākt mācīties
ekspertyza / inspekcja
Environmental report
A document assessing environmental risks or compliance.
sākt mācīties
raport środowiskowy
Construction all risks insurance
Covers damage or loss during construction.
sākt mācīties
ubezpieczenie od wszystkich ryzyk budowlanych
Third party liability insurance
Covers claims from external parties for damages.
sākt mācīties
ubezpieczenie OC wobec osób trzecich
Replacement value
Cost to replace the insured item with a new one.
sākt mācīties
wartość odtworzeniowa
Business interruption insurance
Covers loss of income due to disruption.
sākt mācīties
ubezpieczenie od przerwy w działalności
Insurance Agreement
Contract between insured and insurer.
sākt mācīties
umowa ubezpieczenia
Premium
Payment made for insurance coverage.
sākt mācīties
składka ubezpieczeniowa
Renewal / Variation / Cancellation
Actions affecting the status of an insurance policy.
sākt mācīties
odnowienie / zmiana / anulowanie
Void
To make a contract legally ineffective.
sākt mācīties
unieważnić
Assigned to the Agent
Transferred rights under the policy to the Agent.
sākt mācīties
przypisany Agentowi
Insurance Proceeds Account
Dedicated account for receiving insurance payouts.
sākt mācīties
rachunek środków z ubezpieczenia
Force majeure
Unforeseeable events beyond control (e.g., natural disasters).
sākt mācīties
siła wyższa
Market terms
Terms consistent with current market standards.
sākt mācīties
warunki rynkowe
Triple-net lease
Tenant pays taxes, insurance, and maintenance costs.
sākt mācīties
najem typu triple-net
Service Charge Expenses
Costs for shared services and maintenance.
sākt mācīties
opłaty serwisowe
Rent Account
Bank account designated for rent payments.
sākt mācīties
rachunek czynszowy
Major Tenant
Tenant occupying significant area or generating major revenue.
sākt mācīties
kluczowy najemca
Gross Lease Area (GLA)
Total rentable area of the property.
sākt mācīties
powierzchnia brutto najmu
Sublease
Tenant rents out the leased space to another party.
sākt mācīties
podnajem
Assignment of interest
Transfer of tenant’s rights under the lease.
sākt mācīties
cesja interesu
Related entity
Entity affiliated with the shareholder.
sākt mācīties
podmiot powiązany
Denominated in EUR
Rent expressed or calculated in euros.
sākt mācīties
denominowany w euro
Diligently collect
To actively and carefully ensure payments are received.
sākt mācīties
pobierać z należytą starannością
Enforce obligations
To legally or contractually compel compliance.
sākt mācīties
egzekwować zobowiązania
Conditional Lease Agreement
Lease that becomes effective upon meeting certain conditions.
sākt mācīties
warunkowa umowa najmu
Waive / Annul / Amend
To relinquish, cancel or modify contractual terms.
sākt mācīties
zrzec się / unieważnić / zmienić
Deduction of rent
Reduction or offset of rent payments.
sākt mācīties
potrącenie z czynszu
Transfer of rights
Assigning rights under a lease to another party.
sākt mācīties
przeniesienie praw
Security Assignment Agreement
Contract transferring lease-related rights to the lender.
sākt mācīties
umowa przeniesienia zabezpieczeń
Substantial repair
Repair ensuring long-term functionality and safety.
sākt mācīties
solidna naprawa
Structural survey
Technical inspection of structural integrity.
sākt mācīties
przegląd konstrukcyjny
Property Manager
Professional entity managing the property.
sākt mācīties
zarządca nieruchomości
Management Agreement
Contract defining terms of property management.
sākt mācīties
umowa zarządzania
Facility Period
Duration of the loan agreement.
sākt mācīties
okres finansowania
Directive / Order / Resolution
Formal instructions or decisions from authorities.
sākt mācīties
dyrektywa / nakaz / uchwała
Material notice
Notice that may significantly affect the property or project.
sākt mācīties
istotne zawiadomienie
Event of Default
A breach of loan terms triggering lender rights.
sākt mācīties
zdarzenie naruszenia
Remedy / Rectify
To fix or correct a failure or breach.
sākt mācīties
naprawić / usunąć
Business Days
Days excluding weekends and public holidays.
sākt mācīties
dni robocze
Agent’s representatives
Individuals authorized to act on behalf of the Agent.
sākt mācīties
przedstawiciele Agenta
Structural works
Repairs or modifications to the building’s structure.
sākt mācīties
prace konstrukcyjne
Reimbursement
Repayment of expenses incurred.
sākt mācīties
zwrot kosztów
Access to books and records
Right to inspect financial and operational records.
sākt mācīties
dostęp do ksiąg i dokumentacji
Inspection
Formal examination of property or documents.
sākt mācīties
inspekcja
Power to enter
Legal right to access the property.
sākt mācīties
prawo wejścia
Non-payment
Failure to pay amounts due under the finance documents.
sākt mācīties
brak płatności
Administrative/technical error
Issues in banking systems causing payment delays.
sākt mācīties
błąd administracyjny/techniczny
Financial covenants
Contractual financial ratios the borrower must maintain.
sākt mācīties
wskaźniki finansowe
Information Undertakings
Obligations to provide regular and accurate information.
sākt mācīties
zobowiązania informacyjne
Misrepresentation
A statement that is materially incorrect or misleading.
sākt mācīties
fałszywe oświadczenie
Remedy
To correct a breach or failure.
sākt mācīties
naprawić / usunąć
Material respect
A significant or substantial aspect.
sākt mācīties
istotny zakres
Calculation Day
Specific date for assessing financial covenants.
sākt mācīties
dzień obliczeniowy
Expropriation
Government seizure of private property for public use.
sākt mācīties
wywłaszczenie
Attachment
Legal seizure of assets to satisfy a judgment.
sākt mācīties
zabezpieczenie (np. sądowe)
Distress
Seizure of property due to unpaid debts.
sākt mācīties
zajęcie majątku
Execution
Enforcement of a court judgment.
sākt mācīties
postępowanie egzekucyjne
Final and binding judgment
A court decision that cannot be appealed.
sākt mācīties
prawomocny i wiążący wyrok
Compulsory purchase
Forced acquisition of property by the state.
sākt mācīties
przymusowy wykup
Nationalisation
Transfer of private assets to state ownership.
sākt mācīties
nacjonalizacja
Market Value
Estimated price of an asset in the open market.
sākt mācīties
wartość rynkowa
Security Document
Legal document establishing collateral rights.
sākt mācīties
dokument zabezpieczeń
Major Damage
Significant physical damage affecting value or usability.
sākt mācīties
poważne uszkodzenie
Cessation of business
Decision or action to stop operating the business.
sākt mācīties
zaprzestanie działalności
Liquidation
Legal process of dissolving a company.
sākt mācīties
likwidacja
Unlawfulness
Legal impossibility to perform contractual obligations.
sākt mācīties
bezprawność
Transaction Document
Legal document governing the financing structure.
sākt mācīties
dokument transakcyjny
Transaction Security
Collateral established under the transaction documents.
sākt mācīties
zabezpieczenie transakcyjne
Rescind
To revoke or cancel a contract.
sākt mācīties
odstąpić / unieważnić
Projected DSCR Covenant
DSCR based on forecasted cash flows.
sākt mācīties
wskaźnik DSCR zgodnie z projekcją
Rescission
Legal cancellation or withdrawal from a contract.
sākt mācīties
odstąpienie od umowy
Purport to rescind
To claim or intend to cancel a contract.
sākt mācīties
deklarować odstąpienie
Project Document
Contract related to project execution.
sākt mācīties
dokument projektowy
Shareholder
Entity owning shares in the Borrower.
sākt mācīties
akcjonariusz
Change of Control
A shift in ownership or voting power affecting control.
sākt mācīties
zmiana kontroli
Share Pledge Agreement
Agreement establishing collateral over shares.
sākt mācīties
umowa zastawu udziałów
Capital increase
Issuance of new shares increasing share capital.
sākt mācīties
podwyższenie kapitału
Ownership structure
Legal and economic arrangement of company ownership.
sākt mācīties
struktura właścicielska
Insolvency
Inability to pay debts as they become due.
sākt mācīties
niewypłacalność
Rescheduling
Negotiating new terms for debt repayment.
sākt mācīties
restrukturyzacja zadłużenia
Moratorium
Temporary suspension of debt payments.
sākt mācīties
moratorium na zadłużenie
Composition with creditors
Agreement to settle debts under modified terms.
sākt mācīties
układ z wierzycielami
Liquidator / Receiver / Administrator
Court-appointed officers managing insolvency.
sākt mācīties
likwidator / syndyk / administrator
Frivolous or vexatious proceeding
Legal action lacking merit or intended to harass.
sākt mācīties
bezzasadne lub uciążliwe postępowanie
Binding judgment
Final court decision enforceable by law.
sākt mācīties
wiążący wyrok
Financial difficulties
Economic conditions impairing solvency.
sākt mācīties
trudności finansowe
Adverse effect on enforceability
Impact that prevents legal enforcement of obligations.
sākt mācīties
negatywny wpływ na wykonalność zobowiązań
Cross default
Default on one obligation triggers default on another.
sākt mācīties
krzyżowe naruszenie
Financial Indebtedness
Any financial obligation to repay borrowed funds.
sākt mācīties
zadłużenie finansowe
Grace period
Extra time allowed to make a payment after the due date.
sākt mācīties
okres karencji
Declared due and payable
Debt becomes immediately payable due to default.
sākt mācīties
uznać za wymagalne
Litigation
Legal proceedings in court.
sākt mācīties
postępowanie sądowe
Arbitration
Dispute resolution outside of court.
sākt mācīties
arbitraż
Frivolous proceeding
Legal action lacking merit or seriousness.
sākt mācīties
bezzasadne postępowanie
Material proceedings
Legal or regulatory actions with significant impact.
sākt mācīties
istotne postępowania
Administrative proceedings
Investigations or actions by public authorities.
sākt mācīties
postępowania administracyjne
Separate cash deposit
Funds set aside to cover potential liabilities.
sākt mācīties
osobny depozyt gotówkowy
Abandonment
Ceasing work or commitment to a project.
sākt mācīties
porzucenie
Suspension
Temporary halt in project execution.
sākt mācīties
zawieszenie
Dispute
Legal or contractual disagreement.
sākt mācīties
spór
Interim injunction
Temporary court order to preserve status quo.
sākt mācīties
postępowanie zabezpieczające
Enforcement proceedings
Legal action to enforce a judgment or claim.
sākt mācīties
postępowanie egzekucyjne
Net remuneration
Contractor’s fee excluding taxes and deductions.
sākt mācīties
wynagrodzenie netto
Reasonably withheld
Consent must not be denied without valid reason.
sākt mācīties
bezzasadnie wstrzymana (zgoda)
Audit qualification
A note in the audit report indicating concerns or limitations.
sākt mācīties
zastrzeżenie audytora
Going concern
Assumption that the company will continue operating.
sākt mācīties
kontynuacja działalności
Total Commitments
The full amount of credit committed under the agreement.
sākt mācīties
całkowite zobowiązania
Terminate
To legally end the agreement.
sākt mācīties
wypowiedzieć / rozwiązać
Payable on demand
Debt that must be repaid immediately upon request.
sākt mācīties
wymagalne na żądanie
Majority Lenders
Lenders holding the majority of commitments or voting rights.
sākt mācīties
większość pożyczkodawców
Remedy plan
A structured response to correct a default.
sākt mācīties
plan naprawczy
Reasonable actions
Measures that are fair and appropriate under the circumstances.
sākt mācīties
uzasadnione działania
Mandatory provisions of law
Legal rules that cannot be overridden by contract.
sākt mācīties
obowiązkowe przepisy prawa
Security Interest
Legal right over assets to secure repayment.
sākt mācīties
zabezpieczenie wierzytelności
Pledge Agreement
Agreement to pledge movable assets.
sākt mācīties
umowa zastawu
Security Assignment Agreement
Transfer of rights as collateral.
sākt mācīties
umowa przeniesienia zabezpieczeń
Subordination Agreement
Agreement ranking debt below other obligations.
sākt mācīties
umowa podporządkowania
Power of Attorney
Legal authority to act on behalf of another.
sākt mācīties
pełnomocnictwo
Debt Service Reserve Account
Account holding funds for debt payments.
sākt mācīties
rachunek rezerwy na obsługę zadłużenia
Capex Deposit Account
Account for capital expenditure reserves.
sākt mācīties
rachunek nakładów inwestycyjnych
Submission to Enforcement
Irrevocable consent to enforcement of obligations.
sākt mācīties
poddanie się egzekucji
Blockade Instruction
Directive to freeze or restrict account access.
sākt mācīties
instrukcja blokady
Assignment
Transfer of rights under a contract.
sākt mācīties
cesja
Transfer
Transfer of both rights and obligations.
sākt mācīties
przeniesienie
Existing Lender
The lender currently holding the loan.
sākt mācīties
dotychczasowy pożyczkodawca
New Lender
The entity acquiring the loan rights.
sākt mācīties
nowy pożyczkodawca
Tax gross-up
Compensation for tax deductions from payments.
sākt mācīties
brutto podatkowe
Increased Costs
Additional costs due to regulatory or tax changes.
sākt mācīties
zwiększone koszty
Consent not unreasonably withheld
Standard clause ensuring fairness in approvals.
sākt mācīties
zgoda nie może być bezzasadnie wstrzymana
Know Your Customer (KYC)
Legal checks to verify identity and legitimacy.
sākt mācīties
poznaj swojego klienta
Assignment Agreement
Contract formalizing the transfer of rights.
sākt mācīties
umowa cesji
Deemed consent
Consent assumed after a specified period without objection.
sākt mācīties
domniemana zgoda
Transfer Certificate
Document formalizing the transfer of loan rights.
sākt mācīties
certyfikat przeniesienia
Subparticipation
Transfer of economic interest without legal assignment.
sākt mācīties
subpartycypacja
Facility office
Location from which a lender administers the loan.
sākt mācīties
biuro kredytowe
Gross-up
Compensation for tax deductions from payments.
sākt mācīties
brutto podatkowe
Increased costs
Additional costs due to regulatory or tax changes.
sākt mācīties
zwiększone koszty
Frivolous or vexatious
Legal action lacking merit or intended to harass.
sākt mācīties
bezzasadny lub uciążliwy
Confidentiality agreement
Contract ensuring protection of sensitive information.
sākt mācīties
umowa o zachowaniu poufności
Original Lender
The lender who originally provided the loan.
sākt mācīties
pożyczkodawca pierwotny
Material Adverse Effect
Significant negative impact on financial or legal standing.
sākt mācīties
istotny negatywny wpływ

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