Gremien- und Konsortialvorbehalt

English translation: subject to Board and (bank) consortium approval

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Gremien- und Konsortialvorbehalt
English translation:subject to Board and (bank) consortium approval
Entered by: Natalie Wilcock (X)

13:22 May 14, 2003
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: Gremien- und Konsortialvorbehalt
Im Hinblick auf die Aufrechterhaltung der kurzfristigen Kreditlinien haben die im Rahmen der Sicherheitentreuhandvereinbarung zusammengeschlossenen Banken in der Sitzung vom x. xxx 2003 dem durch die beauftragte Unternehmensberatung erarbeiteten Restrukturierungs- und Neuausrichtungskonzept unter Gremien- und Konsortialvorbehalt zugestimmt.
Natalie Wilcock (X)
Local time: 17:09
subject to Board and (bank) consortium approval
Explanation:
The banks approved the concept prepared by the consultancy co. but the paper would still be subject to...

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Note added at 2003-05-14 13:27:19 (GMT)
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Gremien could be rendered in a more general way by \"supervisory bodies\".

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Note added at 2003-05-15 08:44:41 (GMT)
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Nb. More explicitly, \"unter Gremien- und Konsortialvorbehalt\" means \"unter Vorbehalt der Genehmigung durch Gremien und Konsortium\".
Selected response from:

Steffen Walter
Germany
Local time: 17:09
Grading comment
thank you Steffen
regards
natalie
3 KudoZ points were awarded for this answer



Summary of answers provided
4 +1subject to Board and (bank) consortium approval
Steffen Walter
1with reservations of committee and consortium
izy


  

Answers


3 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
subject to Board and (bank) consortium approval


Explanation:
The banks approved the concept prepared by the consultancy co. but the paper would still be subject to...

--------------------------------------------------
Note added at 2003-05-14 13:27:19 (GMT)
--------------------------------------------------

Gremien could be rendered in a more general way by \"supervisory bodies\".

--------------------------------------------------
Note added at 2003-05-15 08:44:41 (GMT)
--------------------------------------------------

Nb. More explicitly, \"unter Gremien- und Konsortialvorbehalt\" means \"unter Vorbehalt der Genehmigung durch Gremien und Konsortium\".

Steffen Walter
Germany
Local time: 17:09
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 173
Grading comment
thank you Steffen
regards
natalie

Peer comments on this answer (and responses from the answerer)
agree  Mario Marcolin
19 hrs
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4 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5
with reservations of committee and consortium


Explanation:
just a try

izy
Local time: 16:09
Native speaker of: German
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