Umowa kredytowa 4

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

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