standstill agreement


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Related to standstill agreement: Targeted repurchase

standstill agreement

n
(Economics) an agreement that preserves the status quo, esp one between two countries when one country cannot pay its debts to the other that a certain fixed extension of time will be given to repay the debts
References in periodicals archive ?
Cloudera (CLDR) announced that it has reached a voting and standstill agreement with Carl C.
Apart from that, Pakistan, by entering into a bilateral agreement, also known as a Standstill Agreement, with the Maharaja of Jammu and Kashmir, Hari Singh, had then acknowledged this fact that Jammu and Kashmir was a separate political entity, he added.
One option is a "standstill agreement" with the UK leaving but continuing to trade on the same rules.
Also, in support of the bridge loan and the company's general refinancing efforts, London Oil and Gas Limited (LOG) and the company have entered a standstill agreement until 30 November 2019.
Patisserie Valerie said on Tuesday that discussions with its lenders HSBC and Barclays to extend a standstill agreement on its debts had failed, leaving it with no option but to call in corporate undertakers.
The company has entered into a standstill agreement whereby creditors are prohibited from starting or continuing enforcement or foreclosure proceedings over Astaldi's debt.
In order to allow this constructive dialogue to continue, we have come to a standstill agreement on the NFLPA's grievance and on the NFL's anthem policy.
However, Britbet have decided to pause the launch of the operation through a standstill agreement in order to talk to the Tote about working together.
Ramachandran currently owes 22 banks, including five Indian banks, a total of Dh546.3 million, including interest accrued as of December 31, 2016, before the first standstill agreement was signed by his wife Indira Ramachandran with lenders in April 2017, sources who have knowledge about the case said.
According to sources, Ramachandran, who founded Atlas Jewellery in 1981, was released several days ago after he managed to negotiate a standstill agreement with all his lenders.
According to the newswire, Abraaj is focusing on concluding a standstill agreement with creditors, saying the vast majority of them backed the debt.
AkzoNobel and Elliott have also agreed, subject to the terms of a standstill agreement, to seek to suspend all ongoing litigation for at least three months.