Glossary entry (derived from question below)
German term or phrase:
Andienungsvereinbarung
English translation:
offer agreement
Added to glossary by
Kim Metzger
Nov 17, 2002 23:53
21 yrs ago
4 viewers *
German term
Andienungsvereinbarung
German to English
Law/Patents
Law: Contract(s)
contract
I know from a previous question about the term Andienung that it can mean delivery or tender. But I don't understand the concept behind what's going on in this contract. If it's a "tender agreement" who is doing the tendering?
Andienungsvereinbarung
Zwischen
XXXX (Muttergesellschaft des Leasingnehmers)
im Folgenden Kurz „XXXX“ genannt, und
Raiffeisen-Leasing GmbH
im folgenden kurz RL“ genannt, wird folgender Vertrag abgeschlossen:
1. RL ist alleinige Gesellschafterin der RL-YYYY(nachstehend „YYYY“ genannt).
2. YYYY wird mit der X-Projektgesellschaft (nachstehend „X-PROJEKT“ genannt) mehrere Immobilienmietverträge abschließen.
Andienungsrecht der RL
1. XXXX verpflichtet sich hiermit unwiderruflich gegenüber RL, bei Vorliegen einer der in Absatz 2 bis 5 genannten Voraussetzungen deren Geschäftsanteile an der YYYY auf deren schriftliche Aufforderung zu 100% anzukaufen und unverzüglich einen inhaltlich den Bedingungen der gegenständlichen Andienungsvereinbarung entsprechenden Kaufvertrag mit RL abzuschließen (kurz „der Kaufvertrag“).
2. RL ist berechtigt, das Andienungsrecht auszuüben,
a. sobald YYYY berechtigt ist, auch nur einen der Immobilienmietverträge oder der Zusatzvereinbarungen oder der Nachfolgeverträge vorzeitig aufzulösen, oder
Andienungsvereinbarung
Zwischen
XXXX (Muttergesellschaft des Leasingnehmers)
im Folgenden Kurz „XXXX“ genannt, und
Raiffeisen-Leasing GmbH
im folgenden kurz RL“ genannt, wird folgender Vertrag abgeschlossen:
1. RL ist alleinige Gesellschafterin der RL-YYYY(nachstehend „YYYY“ genannt).
2. YYYY wird mit der X-Projektgesellschaft (nachstehend „X-PROJEKT“ genannt) mehrere Immobilienmietverträge abschließen.
Andienungsrecht der RL
1. XXXX verpflichtet sich hiermit unwiderruflich gegenüber RL, bei Vorliegen einer der in Absatz 2 bis 5 genannten Voraussetzungen deren Geschäftsanteile an der YYYY auf deren schriftliche Aufforderung zu 100% anzukaufen und unverzüglich einen inhaltlich den Bedingungen der gegenständlichen Andienungsvereinbarung entsprechenden Kaufvertrag mit RL abzuschließen (kurz „der Kaufvertrag“).
2. RL ist berechtigt, das Andienungsrecht auszuüben,
a. sobald YYYY berechtigt ist, auch nur einen der Immobilienmietverträge oder der Zusatzvereinbarungen oder der Nachfolgeverträge vorzeitig aufzulösen, oder
Proposed translations
(English)
4 | Offer Agreement |
Beate Boudro (X)
![]() |
5 | put agreement or conditional sales agreement |
David Welch
![]() |
3 | option-to-sell agreement |
Beate Lutzebaeck
![]() |
1 | Vorkaufsrecht? |
Teresa Reinhardt
![]() |
Proposed translations
18 hrs
Selected
Offer Agreement
Hi, Kim. Although I'm not familiar with this type of agreement, I see from the context you provided that the "Andienen"-part is done by RL (the seller). RL offers to XXXX the right to purchase RL's shares in YYYY.
I checked various English terms on the Internet and I found "Offer Agreement" to be a recognized term in various contexts. Plus, this translation should be fairly safe.
There are also "tender offer agreements" or "exchange offer agreements", however, each of these have a specific content (different from yours). And the word "offer" in those headings refer to the buying party, not to the selling party as in your agreement.
So, I would use "Offer Agreement" as a translation for "Andienungsvereinbarung" and "to exercise the right to offer" as "ausüben des Andienungsrechts".
I checked various English terms on the Internet and I found "Offer Agreement" to be a recognized term in various contexts. Plus, this translation should be fairly safe.
There are also "tender offer agreements" or "exchange offer agreements", however, each of these have a specific content (different from yours). And the word "offer" in those headings refer to the buying party, not to the selling party as in your agreement.
So, I would use "Offer Agreement" as a translation for "Andienungsvereinbarung" and "to exercise the right to offer" as "ausüben des Andienungsrechts".
4 KudoZ points awarded for this answer.
Comment: "My heartfelt thanks to both Beates. If two German lawyers aren't perfectly sure, what's a guy to do? This was from an Austrian contract, which probably had something to do with the uncertainty."
21 mins
Vorkaufsrecht?
My understanding of "andienen" is also "anbieten"; could this be something like a contract establishing a Vorkaufsrecht?
Just a wild guess; too many X's and Y's and not enough context (I tried to draw a diagram of who may do what...to no avail...)
Just a wild guess; too many X's and Y's and not enough context (I tried to draw a diagram of who may do what...to no avail...)
28 mins
put agreement or conditional sales agreement
this reads to me like a put agreement where RL, under certain conditions, can put to "XXXX".
However, the exact term as state gets not a single hit on Google, which is a bit puzzling.
HOwever, Andienung itself can mean exactly that;
see below;
DMEuro.com - [ Translate this page ]
... 1 Euro = 0,9793 $, Optionsscheine. Andienung. Die Andienung ist die Art und Weise,
wie der Stillhalter im Falle einer Ausübung seiner Verpflichtung nachkommt. ...
www.dmeuro.com/dmwwwangebot/fn/dmo/SH/0/sfn/builddm/ id/6902!60130/cn/cn_detail/cn_map/0/brt/1/ -
In other words RL can "deliver"( put)something to "XXXX" at a fixed price;and this leads me to "conditional sales agreement". See below:
PDF]ST 97-0008-GIL 01/06/1997 Leasing
File Format: PDF/Adobe Acrobat
... As a result, lessees under true leases will not incur tax on lease buy-out charges.
The alternative to a true lease is a conditional sales agreement. ...
www.revenue.state.il.us/legalinformation/ letter/rulings/st/1997/sg970008.PDF
61k
However, the exact term as state gets not a single hit on Google, which is a bit puzzling.
HOwever, Andienung itself can mean exactly that;
see below;
DMEuro.com - [ Translate this page ]
... 1 Euro = 0,9793 $, Optionsscheine. Andienung. Die Andienung ist die Art und Weise,
wie der Stillhalter im Falle einer Ausübung seiner Verpflichtung nachkommt. ...
www.dmeuro.com/dmwwwangebot/fn/dmo/SH/0/sfn/builddm/ id/6902!60130/cn/cn_detail/cn_map/0/brt/1/ -
In other words RL can "deliver"( put)something to "XXXX" at a fixed price;and this leads me to "conditional sales agreement". See below:
PDF]ST 97-0008-GIL 01/06/1997 Leasing
File Format: PDF/Adobe Acrobat
... As a result, lessees under true leases will not incur tax on lease buy-out charges.
The alternative to a true lease is a conditional sales agreement. ...
www.revenue.state.il.us/legalinformation/ letter/rulings/st/1997/sg970008.PDF
61k
20 hrs
option-to-sell agreement
Please take this as nothing more than an educated guess. I vaguely remember that Andienungsvereinbarungen/-verträge involve the sale and purchase of leased goods at their residual value. In any case, the "Andiener" is basically entitled to a "Vorverkaufsrecht" (in analogy to the standard Vorkaufsrecht on the part of the buyer) and the buyer is under an obligation to accept this offer, should the Andiener decide to exercise their Vorverkaufsrecht. Therefore, Andienungsvereinbarung seems to be the same as a Vorverkaufsvertrag, which is translated as preemption contract by Romain.
Please note, however, that preemption agreements in most cases involve an option on the part of the buyer, whereas the Andienungsvereinbarung involves an obligation of the buyer (the seller has the option).
"right of first refusal syn preemption agreement The right to purchase an interest in real property if its owner decides to sell. Unlike an option, the holder of a right of first refusal does not have the unqualified choice to buy or not to buy. A right of first refusal gives the holder the right to match any offer received by the seller from some other prospective buyer. The price and terms offered by the holder of the right of first refusal must equal or better the price and terms contained in a bona fide third party offer. A right of first refusal, often found in leases or limited partnership agreements, serves to preempt a possible sale to a third party, and hence may be called a preemption agreement."
Given that preemption agreement may not fit a 100%, I think "option-to-sell agreement" would convey your arrangement quite well and is, in fact, used in these kind of situations, see e.g.:
"The consumer also entered into an Option to Sell Agreement, whereby the consumer could resell the telephones to QCI at any time upon a specified notice. QCI's obligations were guaranteed by a performance bond with American Diversified Insurance Company, and at the end of the lease, QCI was ***obligated to repurchase*** the phone from the customer."
Please note, however, that preemption agreements in most cases involve an option on the part of the buyer, whereas the Andienungsvereinbarung involves an obligation of the buyer (the seller has the option).
"right of first refusal syn preemption agreement The right to purchase an interest in real property if its owner decides to sell. Unlike an option, the holder of a right of first refusal does not have the unqualified choice to buy or not to buy. A right of first refusal gives the holder the right to match any offer received by the seller from some other prospective buyer. The price and terms offered by the holder of the right of first refusal must equal or better the price and terms contained in a bona fide third party offer. A right of first refusal, often found in leases or limited partnership agreements, serves to preempt a possible sale to a third party, and hence may be called a preemption agreement."
Given that preemption agreement may not fit a 100%, I think "option-to-sell agreement" would convey your arrangement quite well and is, in fact, used in these kind of situations, see e.g.:
"The consumer also entered into an Option to Sell Agreement, whereby the consumer could resell the telephones to QCI at any time upon a specified notice. QCI's obligations were guaranteed by a performance bond with American Diversified Insurance Company, and at the end of the lease, QCI was ***obligated to repurchase*** the phone from the customer."
Reference:
Discussion