Umowa kredytowa 4

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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.
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ubezpieczenie OC wobec osób trzecich
Replacement value
Cost to replace the insured item with a new one.
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wartość odtworzeniowa
Business interruption insurance
Covers loss of income due to disruption.
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ubezpieczenie od przerwy w działalności
Insurance Agreement
Contract between insured and insurer.
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umowa ubezpieczenia
Premium
Payment made for insurance coverage.
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składka ubezpieczeniowa
Renewal / Variation / Cancellation
Actions affecting the status of an insurance policy.
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odnowienie / zmiana / anulowanie
Void
To make a contract legally ineffective.
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unieważnić
Assigned to the Agent
Transferred rights under the policy to the Agent.
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przypisany Agentowi
Insurance Proceeds Account
Dedicated account for receiving insurance payouts.
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rachunek środków z ubezpieczenia
Force majeure
Unforeseeable events beyond control (e.g., natural disasters).
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siła wyższa
Market terms
Terms consistent with current market standards.
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warunki rynkowe
Triple-net lease
Tenant pays taxes, insurance, and maintenance costs.
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najem typu triple-net
Service Charge Expenses
Costs for shared services and maintenance.
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opłaty serwisowe
Rent Account
Bank account designated for rent payments.
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rachunek czynszowy
Major Tenant
Tenant occupying significant area or generating major revenue.
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kluczowy najemca
Gross Lease Area (GLA)
Total rentable area of the property.
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powierzchnia brutto najmu
Sublease
Tenant rents out the leased space to another party.
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podnajem
Assignment of interest
Transfer of tenant’s rights under the lease.
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cesja interesu
Related entity
Entity affiliated with the shareholder.
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podmiot powiązany
Denominated in EUR
Rent expressed or calculated in euros.
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denominowany w euro
Diligently collect
To actively and carefully ensure payments are received.
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pobierać z należytą starannością
Enforce obligations
To legally or contractually compel compliance.
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egzekwować zobowiązania
Conditional Lease Agreement
Lease that becomes effective upon meeting certain conditions.
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warunkowa umowa najmu
Waive / Annul / Amend
To relinquish, cancel or modify contractual terms.
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zrzec się / unieważnić / zmienić
Deduction of rent
Reduction or offset of rent payments.
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potrącenie z czynszu
Transfer of rights
Assigning rights under a lease to another party.
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przeniesienie praw
Security Assignment Agreement
Contract transferring lease-related rights to the lender.
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umowa przeniesienia zabezpieczeń
Substantial repair
Repair ensuring long-term functionality and safety.
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solidna naprawa
Structural survey
Technical inspection of structural integrity.
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przegląd konstrukcyjny
Property Manager
Professional entity managing the property.
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zarządca nieruchomości
Management Agreement
Contract defining terms of property management.
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umowa zarządzania
Facility Period
Duration of the loan agreement.
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okres finansowania
Directive / Order / Resolution
Formal instructions or decisions from authorities.
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dyrektywa / nakaz / uchwała
Material notice
Notice that may significantly affect the property or project.
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istotne zawiadomienie
Event of Default
A breach of loan terms triggering lender rights.
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zdarzenie naruszenia
Remedy / Rectify
To fix or correct a failure or breach.
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naprawić / usunąć
Business Days
Days excluding weekends and public holidays.
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dni robocze
Agent’s representatives
Individuals authorized to act on behalf of the Agent.
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przedstawiciele Agenta
Structural works
Repairs or modifications to the building’s structure.
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prace konstrukcyjne
Reimbursement
Repayment of expenses incurred.
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zwrot kosztów
Access to books and records
Right to inspect financial and operational records.
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dostęp do ksiąg i dokumentacji
Inspection
Formal examination of property or documents.
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inspekcja
Power to enter
Legal right to access the property.
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prawo wejścia
Non-payment
Failure to pay amounts due under the finance documents.
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brak płatności
Administrative/technical error
Issues in banking systems causing payment delays.
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błąd administracyjny/techniczny
Financial covenants
Contractual financial ratios the borrower must maintain.
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wskaźniki finansowe
Information Undertakings
Obligations to provide regular and accurate information.
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zobowiązania informacyjne
Misrepresentation
A statement that is materially incorrect or misleading.
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fałszywe oświadczenie
Remedy
To correct a breach or failure.
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naprawić / usunąć
Material respect
A significant or substantial aspect.
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istotny zakres
Calculation Day
Specific date for assessing financial covenants.
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dzień obliczeniowy
Expropriation
Government seizure of private property for public use.
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wywłaszczenie
Attachment
Legal seizure of assets to satisfy a judgment.
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zabezpieczenie (np. sądowe)
Distress
Seizure of property due to unpaid debts.
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zajęcie majątku
Execution
Enforcement of a court judgment.
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postępowanie egzekucyjne
Final and binding judgment
A court decision that cannot be appealed.
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prawomocny i wiążący wyrok
Compulsory purchase
Forced acquisition of property by the state.
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przymusowy wykup
Nationalisation
Transfer of private assets to state ownership.
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nacjonalizacja
Market Value
Estimated price of an asset in the open market.
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wartość rynkowa
Security Document
Legal document establishing collateral rights.
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dokument zabezpieczeń
Major Damage
Significant physical damage affecting value or usability.
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poważne uszkodzenie
Cessation of business
Decision or action to stop operating the business.
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zaprzestanie działalności
Liquidation
Legal process of dissolving a company.
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likwidacja
Unlawfulness
Legal impossibility to perform contractual obligations.
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bezprawność
Transaction Document
Legal document governing the financing structure.
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dokument transakcyjny
Transaction Security
Collateral established under the transaction documents.
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zabezpieczenie transakcyjne
Rescind
To revoke or cancel a contract.
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odstąpić / unieważnić
Projected DSCR Covenant
DSCR based on forecasted cash flows.
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wskaźnik DSCR zgodnie z projekcją
Rescission
Legal cancellation or withdrawal from a contract.
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odstąpienie od umowy
Purport to rescind
To claim or intend to cancel a contract.
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deklarować odstąpienie
Project Document
Contract related to project execution.
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dokument projektowy
Shareholder
Entity owning shares in the Borrower.
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akcjonariusz
Change of Control
A shift in ownership or voting power affecting control.
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zmiana kontroli
Share Pledge Agreement
Agreement establishing collateral over shares.
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umowa zastawu udziałów
Capital increase
Issuance of new shares increasing share capital.
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podwyższenie kapitału
Ownership structure
Legal and economic arrangement of company ownership.
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struktura właścicielska
Insolvency
Inability to pay debts as they become due.
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niewypłacalność
Rescheduling
Negotiating new terms for debt repayment.
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restrukturyzacja zadłużenia
Moratorium
Temporary suspension of debt payments.
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moratorium na zadłużenie
Composition with creditors
Agreement to settle debts under modified terms.
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układ z wierzycielami
Liquidator / Receiver / Administrator
Court-appointed officers managing insolvency.
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likwidator / syndyk / administrator
Frivolous or vexatious proceeding
Legal action lacking merit or intended to harass.
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bezzasadne lub uciążliwe postępowanie
Binding judgment
Final court decision enforceable by law.
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wiążący wyrok
Financial difficulties
Economic conditions impairing solvency.
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trudności finansowe
Adverse effect on enforceability
Impact that prevents legal enforcement of obligations.
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negatywny wpływ na wykonalność zobowiązań
Cross default
Default on one obligation triggers default on another.
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krzyżowe naruszenie
Financial Indebtedness
Any financial obligation to repay borrowed funds.
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zadłużenie finansowe
Grace period
Extra time allowed to make a payment after the due date.
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okres karencji
Declared due and payable
Debt becomes immediately payable due to default.
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uznać za wymagalne
Litigation
Legal proceedings in court.
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postępowanie sądowe
Arbitration
Dispute resolution outside of court.
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arbitraż
Frivolous proceeding
Legal action lacking merit or seriousness.
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bezzasadne postępowanie
Material proceedings
Legal or regulatory actions with significant impact.
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istotne postępowania
Administrative proceedings
Investigations or actions by public authorities.
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postępowania administracyjne
Separate cash deposit
Funds set aside to cover potential liabilities.
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osobny depozyt gotówkowy
Abandonment
Ceasing work or commitment to a project.
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porzucenie
Suspension
Temporary halt in project execution.
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zawieszenie
Dispute
Legal or contractual disagreement.
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spór
Interim injunction
Temporary court order to preserve status quo.
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postępowanie zabezpieczające
Enforcement proceedings
Legal action to enforce a judgment or claim.
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postępowanie egzekucyjne
Net remuneration
Contractor’s fee excluding taxes and deductions.
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wynagrodzenie netto
Reasonably withheld
Consent must not be denied without valid reason.
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bezzasadnie wstrzymana (zgoda)
Audit qualification
A note in the audit report indicating concerns or limitations.
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zastrzeżenie audytora
Going concern
Assumption that the company will continue operating.
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kontynuacja działalności
Total Commitments
The full amount of credit committed under the agreement.
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całkowite zobowiązania
Terminate
To legally end the agreement.
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wypowiedzieć / rozwiązać
Payable on demand
Debt that must be repaid immediately upon request.
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wymagalne na żądanie
Majority Lenders
Lenders holding the majority of commitments or voting rights.
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większość pożyczkodawców
Remedy plan
A structured response to correct a default.
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plan naprawczy
Reasonable actions
Measures that are fair and appropriate under the circumstances.
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uzasadnione działania
Mandatory provisions of law
Legal rules that cannot be overridden by contract.
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obowiązkowe przepisy prawa
Security Interest
Legal right over assets to secure repayment.
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zabezpieczenie wierzytelności
Pledge Agreement
Agreement to pledge movable assets.
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umowa zastawu
Security Assignment Agreement
Transfer of rights as collateral.
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umowa przeniesienia zabezpieczeń
Subordination Agreement
Agreement ranking debt below other obligations.
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umowa podporządkowania
Power of Attorney
Legal authority to act on behalf of another.
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pełnomocnictwo
Debt Service Reserve Account
Account holding funds for debt payments.
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rachunek rezerwy na obsługę zadłużenia
Capex Deposit Account
Account for capital expenditure reserves.
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rachunek nakładów inwestycyjnych
Submission to Enforcement
Irrevocable consent to enforcement of obligations.
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poddanie się egzekucji
Blockade Instruction
Directive to freeze or restrict account access.
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instrukcja blokady
Assignment
Transfer of rights under a contract.
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cesja
Transfer
Transfer of both rights and obligations.
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przeniesienie
Existing Lender
The lender currently holding the loan.
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dotychczasowy pożyczkodawca
New Lender
The entity acquiring the loan rights.
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nowy pożyczkodawca
Tax gross-up
Compensation for tax deductions from payments.
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brutto podatkowe
Increased Costs
Additional costs due to regulatory or tax changes.
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zwiększone koszty
Consent not unreasonably withheld
Standard clause ensuring fairness in approvals.
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zgoda nie może być bezzasadnie wstrzymana
Know Your Customer (KYC)
Legal checks to verify identity and legitimacy.
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poznaj swojego klienta
Assignment Agreement
Contract formalizing the transfer of rights.
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umowa cesji
Deemed consent
Consent assumed after a specified period without objection.
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domniemana zgoda
Transfer Certificate
Document formalizing the transfer of loan rights.
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certyfikat przeniesienia
Subparticipation
Transfer of economic interest without legal assignment.
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subpartycypacja
Facility office
Location from which a lender administers the loan.
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biuro kredytowe
Gross-up
Compensation for tax deductions from payments.
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brutto podatkowe
Increased costs
Additional costs due to regulatory or tax changes.
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zwiększone koszty
Frivolous or vexatious
Legal action lacking merit or intended to harass.
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bezzasadny lub uciążliwy
Confidentiality agreement
Contract ensuring protection of sensitive information.
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umowa o zachowaniu poufności
Original Lender
The lender who originally provided the loan.
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pożyczkodawca pierwotny
Material Adverse Effect
Significant negative impact on financial or legal standing.
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istotny negatywny wpływ

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