Glossary entry (derived from question below)
German term or phrase:
aufrecht zu schulden
English translation:
to owe as a total current debt (with subsisting effect)
Added to glossary by
Dr. Andrew Hudson
Apr 18, 2016 19:18
8 yrs ago
German term
United States
aufrecht zu schulden
German to English
Law/Patents
Law: Contract(s)
Loan Contract
Here is a clause from an Austrian loan contract:
"Die XXXX GmbH bestätigt, von
____________________________________________________________________ ein Darlehen in Höhe von CHF xy.000,-- zugezählt erhalten zu haben und anerkennt hiermit ausdrücklich, den Betrag in Höhe von CHF xy.000,-- aufrecht zu schulden."
Does "aufrecht' here mean "valid" in the Austrian sense: "confirms to have received a loan in the amount of... and expressly acknowledges to owe the valid amount of ...?"
Just want to make sure it's not "honestly owe" (or something like that, i.e. with an honest intention to pay it back.)
"Die XXXX GmbH bestätigt, von
____________________________________________________________________ ein Darlehen in Höhe von CHF xy.000,-- zugezählt erhalten zu haben und anerkennt hiermit ausdrücklich, den Betrag in Höhe von CHF xy.000,-- aufrecht zu schulden."
Does "aufrecht' here mean "valid" in the Austrian sense: "confirms to have received a loan in the amount of... and expressly acknowledges to owe the valid amount of ...?"
Just want to make sure it's not "honestly owe" (or something like that, i.e. with an honest intention to pay it back.)
Proposed translations
(English)
| 3 | to owe as a total current debt (with subsisting effect) |
Adrian MM. (X)
|
Proposed translations
12 hrs
German term (edited):
(AUT) aufrecht zu schulden
Selected
to owe as a total current debt (with subsisting effect)
Tentatively - if the top-up + original loan equal the the 2nd figure**:
\"Die XXXX GmbH bestätigt, von
____________________________________________________________________ ein Darlehen in Höhe von CHF xy.000,-- zugezählt erhalten zu haben und anerkennt hiermit ausdrücklich, den Betrag in Höhe von CHF xy.000**,-- aufrecht zu schulden >
XXXX GmbH confirms to have received from ______ a 'topped'-up loan of CHF xy.000 and does hereby expressly acknowledge owing (on a consolidated, subsisting debt) the amount of CHF xy.000**.
AUT: für die Zeit des aufrechten Bestehens (Aufrechterhaltung) des Kreditverhältnisses = yes, validly for the continuance of the loan facility. Surely, nothing do with honesty - rather with 'subsistently'. or sustainably as a consolidated debt.
\"Die XXXX GmbH bestätigt, von
____________________________________________________________________ ein Darlehen in Höhe von CHF xy.000,-- zugezählt erhalten zu haben und anerkennt hiermit ausdrücklich, den Betrag in Höhe von CHF xy.000**,-- aufrecht zu schulden >
XXXX GmbH confirms to have received from ______ a 'topped'-up loan of CHF xy.000 and does hereby expressly acknowledge owing (on a consolidated, subsisting debt) the amount of CHF xy.000**.
AUT: für die Zeit des aufrechten Bestehens (Aufrechterhaltung) des Kreditverhältnisses = yes, validly for the continuance of the loan facility. Surely, nothing do with honesty - rather with 'subsistently'. or sustainably as a consolidated debt.
Reference:
4 KudoZ points awarded for this answer.
Comment: "Thanks as always!"
Discussion
http://www.ris.bka.gv.at/Dokument.wxe?Abfrage=Justiz&Dokumen...
There are very few, and they mostly seem to be old.
You can't say "confirms to have received" and "acknowledges to owe". It's "confirms receipt" and "acknowledges owing", or something along those lines.