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.
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