Legal Documents
Standstill Agreement-Complex
A Standstill Agreement refers to forms of arrangements in which a Company may enter into in order to delay an action which might otherwise take place e.g. extend or suspend a contractual limitation period to enable restructuring of debts between financial institutions and debtors amongst others.
This Standstill Agreement is tailored to cater for a complex structure with multiple lenders and a coordinating bank. It may be modified or amended to address specific needs of the parties involved.
KShs15,000
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Standstill Agreement-Complex
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Table of Contents
- DEFINITIONS AND INTERPRETATION
- TERMINATION POINT
- OBLIGATIONS OF THE DEBTOR’S GROUP DURING THE STANDSTILL PERIOD
- OBLIGATIONS OF LENDERS DURING THE STANDSTILL PERIOD
- PRIORITY FOR NEW MONIES OTHER THAN THROUGH OVERDRAFT FACILITIES
- PRIORITY FOR NEW MONIES: OVERDRAFT FACILITIES
- APPLICATION OF REDUCTIONS IN OVERDRAFT FACILITY BALANCES DURING THE STANDSTILL PERIOD
- COORDINATING BANK
- NO RELIANCE
- NO WAIVER
- ASSIGNMENT AND OTHER DEALINGS
- GOVERNING LAW
- DISPUTE RESOLUTION
- FORCE MAJEURE
- AMENDMENTS
- EXCLUSION OF PARTNERSHIP/AGENCY
- ENTIRE AGREEMENT
- NOTICES
- SEVERABILITY
- AUTHORITY TO EXECUTE
- SURVIVAL
- NON-EXCLUSIVITY
- CONCLUSIVE EVIDENCE
- COSTS
- COUNTERPARTS
- GENERAL