Sözleşmeler
Musterek Taahhut (Joint Covenant)
İngilizce: joint covenant
Türkçe Tanım
Birden fazla tarafin, bir sozlesme kapsaminda ayni taahhude birlikte baglandigi hukuki yukumluluktur; taahhudun ihlali halinde alacaklinin basvurusu, taahhudun musterek mi yoksa muteselsil mi kuruldugine gore ya butun taraflara birlikte ya da her birine tam olarak yonelir. Bu ince ayrim, ihlal aninda alacaklinin elindeki yaptirim gucunu dogrudan belirler. Kredi sozlesmelerinde birden fazla borclu ya da garantorun ayni finansal taahhutlere (covenant) baglandigi yapilarda, taahhudun muteselsil kurulmasi kredi verene her bir tarafi tam uyumdan sorumlu tutma imkani verirken, salt musterek kurulmasi grup icindeki en zayif tarafin ihlalini butun yapiya yayarak teminat degerini asindirabilir.
English Definition
A legal obligation in which several parties bind themselves together to the same undertaking under a contract; on breach, the creditor's recourse runs either to all parties together or to each in full, depending on whether the covenant is joint or joint and several. This distinction directly determines the enforcement power the creditor holds at breach. In credit agreements binding several borrowers or guarantors to the same financial covenants, a joint and several framing lets the lender hold each party to full compliance, while a purely joint framing spreads the weakest party's breach across the structure and erodes security value.