Impaired Agent

Arabic translation: الوكيل المتخلّف عن سداد التزاماته / الوكيل المقصّر في أداء التزاماته

13:57 Mar 5, 2024
English to Arabic translations [PRO]
Bus/Financial - Law (general) / agreement
English term or phrase: Impaired Agent
Impaired Agent" has the meaning given to that term in each of the Conventional Facility
Agreement (in respect of the Conventional Facility Agent) and the Murabaha Investment Agency
Agreement (in respect of the Murabaha Investment Agent) and, in respect of the Global Agent,
means the Global Agent any time when:
Hend Mohsen
United Arab Emirates
Arabic translation:الوكيل المتخلّف عن سداد التزاماته / الوكيل المقصّر في أداء التزاماته
Explanation:
"Impaired loans are between 90 and 360 days in arrears. Loans are classified in default whenever arrears exceed 360 days."
https://www.centralbank.ie/docs/default-source/publications/...


"An Agent is designated as an Impaired Agent if it:
fails to make a payment it is required to make on its due date (other than as a result of technical issues or market disruption and payment is made shortly thereafter);
is also a lender which is a Defaulting Lender;
rescinds or repudiates a finance document; or
is subject to an insolvency event."

https://www.addleshawgoddard.com/en/insights/insights-briefi...
Selected response from:

Assem AlKhallouf
Local time: 09:10
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2الوكيل المتخلّف عن سداد التزاماته / الوكيل المقصّر في أداء التزاماته
Assem AlKhallouf
4 +1الوكيل المتعاقس/المُخل بأداء التزاماته
Heba Abed
4الوكيل العاجر
Lamine Boukabour
4وكيل متعثر
Motaz Fahmy


  

Answers


9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
الوكيل العاجر


Explanation:
-

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Note added at 12 mins (2024-03-05 14:09:09 GMT)
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In short, an "Impaired Agent" refers to an agent—such as the Conventional Facility Agent, the Murabaha Investment Agent, or the Global Agent—that is unable to fulfill its obligations or duties outlined in the respective agreements due to various reasons like insolvency, breach of contract, legal incapacity, or other hindrances.




Lamine Boukabour
Algeria
Local time: 07:10
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 104
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9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
impaired agent
الوكيل المتعاقس/المُخل بأداء التزاماته


Explanation:
الوكيل المتقاعس عن أداء التزاماته
الوكيل المُخل بأداء التزاماته

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Note added at 10 mins (2024-03-05 14:07:56 GMT)
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أقصد الوكيل المتقاعس عن الوفاء بالتزاماته
عذراً للخطأ الإملائي

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Note added at 12 mins (2024-03-05 14:09:13 GMT)
--------------------------------------------------

It means that the designated agent is unable to fulfill its obligations or duties as outlined in the respective agreement.

Heba Abed
Egypt
Local time: 09:10
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 50

Peer comments on this answer (and responses from the answerer)
agree  Sara Mahran
1 hr
  -> Many thanks:)
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36 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
وكيل متعثر


Explanation:
وكيل متعثر

Motaz Fahmy
Egypt
Local time: 09:10
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 28
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
الوكيل المتخلّف عن سداد التزاماته / الوكيل المقصّر في أداء التزاماته


Explanation:
"Impaired loans are between 90 and 360 days in arrears. Loans are classified in default whenever arrears exceed 360 days."
https://www.centralbank.ie/docs/default-source/publications/...


"An Agent is designated as an Impaired Agent if it:
fails to make a payment it is required to make on its due date (other than as a result of technical issues or market disruption and payment is made shortly thereafter);
is also a lender which is a Defaulting Lender;
rescinds or repudiates a finance document; or
is subject to an insolvency event."

https://www.addleshawgoddard.com/en/insights/insights-briefi...

Assem AlKhallouf
Local time: 09:10
Specializes in field
Native speaker of: Native in ArabicArabic, Native in EnglishEnglish
PRO pts in category: 44
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  layal ghanem
3 hrs
  -> Many thanks!

agree  Sajad Neisi
6 hrs
  -> Many thanks!
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