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step-in right

stresses
busin. право вмешательства (кредитора в проект при неисполнении должником обязательств aestero)
EBRD право кредитора на активное участие в делах компании-заёмщика при определённых обстоятельствах (вк)
Step-in rights
law Переход прав при невыполнении обязательств (см. комментарий; In relation to construction and property development, a collateral warranty may include a right for the beneficiary of the collateral warranty to step in and take over the developer's rights as employer of a building contractor or a professional consultant, if the developer commits a serious and unremedied breach of the building contract or the professional appointment. Typically this means that, if the developer becomes insolvent halfway through a project and breaches the building contract and the professional appointments, the beneficiary may step in and effectively become the developer, pay any sums due to the building contractor and the professional consultants and complete the project. Valeri Imashev)
step-in right
: 9 phrases in 6 subjects
Diplomacy1
General1
Makarov2
Politics1
Programming1
Rhetoric3

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