This question was closed without grading. Reason: No acceptable answer
Feb 6 09:54
3 mos ago
28 viewers *
English term

Drawstop Event

English to French Law/Patents Law: Contract(s) ONG
"A Default or a Drawstop Event is “continuing” if it has not been remedied to the satisfaction of the Lender or waived.?"

S'agit-il d'un arrêt de tirage ?

D'avance merci !
Proposed translations (French)
2 evenement suspensif du retrait de fonds

Discussion

Germaine Feb 6:
Virginie, "Arrêt des tirages" est effectivement une option, mais je pense que "suspension" ferait tout aussi bien compte tenu de l'aspect "continuité" :

If the loan is not fully drawn, the parties will be examining whether the circumstances will result in a draw-stop,…
Si le prêt n’est pas complètement tiré, les parties se demanderont si les circonstances donneront lieu à un arrêt de tirage…
https://www.nortonrosefulbright.com/fr-ca/centre-du-savoir/p...

...un droit de regard sur les décisions et l’évaluation des politiques publiques de l’État bénéficiaire du crédit en brandissant la menace de l’arrêt de tirage…
https://www.actu-juridique.fr/fiscalite/droit-fiscal/finance...
Germaine Feb 6:
Drawstop
In a facility agreement, an event, such as a breach of warranty, that gives the lender the right to refuse to make further loan advances.
https://content.next.westlaw.com/practical-law/document/I7f6...

Proposed translations

33 mins

evenement suspensif du retrait de fonds

Would this work?

https://www.google.com/search?q="evenement suspensif"&oq="ev...

Drawstop Event means a breach by the Company of a Financial Covenant which remains unremedied or unwaived and prevents the Company from drawing financial

https://www.google.com/search?q=" retrait des fonds"&sca_esv...
Peer comment(s):

neutral Germaine : ou plutôt "suspensif de l'avance de fonds" puisque c'est le prêteur qui en décide. Cf. discussion
5 hrs
Germaine, please make your suggestion too. If you notice, I merely wanted to help and I think "evenement suspensif" is correct. It is a sort of a clue to help the asker...
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