Jan 23, 2014 15:42
10 yrs ago
2 viewers *
English term
First Lien Facilities
English to Serbian
Bus/Financial
Finance (general)
In the event of a bankruptcy or liquidation, the assets used by the company as security would first be provided to the first lien secured lenders as repayment of their borrowings. To the extent that the value of the assets is sufficient to satisfy the company's obligations to the first lien secured lenders, any additional proceeds from the sale of the pledged assets would then be made available to the second lien lenders as repayment of the second lien loan.
Proposed translations
(Serbian)
4 | prvenstveno založno pravo | Branka Ramadanovic |
Proposed translations
4 hrs
prvenstveno založno pravo
Declined
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