Glossary entry (derived from question below)
German term or phrase:
aufschiebende Bedingungen
English translation:
subject to a condition precedent
Added to glossary by
David Wallace
May 23, 2004 06:33
20 yrs ago
17 viewers *
German term
aufschiebende Bedingungen
German to English
Law/Patents
Law: Contract(s)
I'm guessing "conditions precedent", but wondering whether German law just may have totally different categories of conditions. For American/English law, I found:
(1) express conditions
(2) constructive or implied conditions
and under these, 3 subcategories:
(a) conditions precedent
(b) conditions subsequent
(c) concurrent conditions
Strangely enough, I did locate many references on GOOGLE to "delaying conditions"--but most were from India, not the United States (different legal systems? I would have thought the English system left its mark there, as well...)
2 examples in context:
______________________
(1)
Der Kaufpreis ist einschließlich Zinsen 4 Werktage nach dem Eintritt der AUFSCHIEBENDEN BEDINGUNGEN gemäß Abs. 1 zur Zahlung fähig.
Which I translated, variously, as:
The purchase price, including interest, is payable 4 business days after entry into force/onset/whatever of the CONDITIONS PRECEDENT/DEFERRED CONDITIONS/DELAYED CONDITIONS in accordance with Para. 1.
(2)
Der Veräußerer tritt die verkauften Aktien mit steuerlicher u. wirtschaftlicher Wirkung zum Stichtag hiermit AUFSCHIEBEND BEDINGT durch den Eingang des vollständigen Kauspreises einsch. Zinsen auf dem genannten Konto des Veräußerers und den Eintritt der genannten Bedingungen an die dies hiermit annehmende Erwerberin ab.
Which I translate as:
The Transferor assigns the shares to the Purchaser, effective for tax and economic purposes on the Effective Date, yet DEFERRED CONDITIONALLY upon deposit of the full purchase price, including interest, in the Transferor's designated bank account and the entry into force of the conditions mentioned.
Here, it seems more difficult to work "conditions precedent" into the sentence.
(1) express conditions
(2) constructive or implied conditions
and under these, 3 subcategories:
(a) conditions precedent
(b) conditions subsequent
(c) concurrent conditions
Strangely enough, I did locate many references on GOOGLE to "delaying conditions"--but most were from India, not the United States (different legal systems? I would have thought the English system left its mark there, as well...)
2 examples in context:
______________________
(1)
Der Kaufpreis ist einschließlich Zinsen 4 Werktage nach dem Eintritt der AUFSCHIEBENDEN BEDINGUNGEN gemäß Abs. 1 zur Zahlung fähig.
Which I translated, variously, as:
The purchase price, including interest, is payable 4 business days after entry into force/onset/whatever of the CONDITIONS PRECEDENT/DEFERRED CONDITIONS/DELAYED CONDITIONS in accordance with Para. 1.
(2)
Der Veräußerer tritt die verkauften Aktien mit steuerlicher u. wirtschaftlicher Wirkung zum Stichtag hiermit AUFSCHIEBEND BEDINGT durch den Eingang des vollständigen Kauspreises einsch. Zinsen auf dem genannten Konto des Veräußerers und den Eintritt der genannten Bedingungen an die dies hiermit annehmende Erwerberin ab.
Which I translate as:
The Transferor assigns the shares to the Purchaser, effective for tax and economic purposes on the Effective Date, yet DEFERRED CONDITIONALLY upon deposit of the full purchase price, including interest, in the Transferor's designated bank account and the entry into force of the conditions mentioned.
Here, it seems more difficult to work "conditions precedent" into the sentence.
Proposed translations
(English)
| 5 +6 | subject to a condition precedent |
Ingrid Blank
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Proposed translations
+6
19 mins
Selected
subject to a condition precedent
Dietl/Lorenz
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Note added at 2004-05-23 06:57:15 (GMT)
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näher erklärt:
a transaction which is entered into subject to a condition precedent (alternatively suspensive condition) becomes effective only if and when the condition occurs.
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Note added at 2004-05-23 08:01:05 (GMT)
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In the second sentence I would translate it like this:
The seller hereby assigns to the purchaser and the purchaser hereby accepts the sold shares, with fiscal and commercial effect as from the effective date, on the SUSPENSIVE CONDITION that the purchase price including interest will be paid in full into the seller\'s designated bank account and that the above mentioned conditions apply (or have occurred).
--------------------------------------------------
Note added at 2004-05-23 06:57:15 (GMT)
--------------------------------------------------
näher erklärt:
a transaction which is entered into subject to a condition precedent (alternatively suspensive condition) becomes effective only if and when the condition occurs.
--------------------------------------------------
Note added at 2004-05-23 08:01:05 (GMT)
--------------------------------------------------
In the second sentence I would translate it like this:
The seller hereby assigns to the purchaser and the purchaser hereby accepts the sold shares, with fiscal and commercial effect as from the effective date, on the SUSPENSIVE CONDITION that the purchase price including interest will be paid in full into the seller\'s designated bank account and that the above mentioned conditions apply (or have occurred).
4 KudoZ points awarded for this answer.
Comment: "Thanks very much to everyone who weighed in!"
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