Agreement to extend limitation—standstill agreement

Published by a ÑÇÖÞÉ«ÇéÍø Dispute Resolution expert
Precedents

Agreement to extend limitation—standstill agreement

Published by a ÑÇÖÞÉ«ÇéÍø Dispute Resolution expert

Precedents
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This Agreement is dated [insert day] of [insert month] 20[insert year]

Parties

  1. 1

    [Insert full name and address of individual or Company name, number and address of Registered office] (Party A)

  1. 2

    [Insert full name and address of individual or company name, number and address of registered office] (Party B)

each a ‘Party’ and together the ‘Parties’

The parties agree:

    1. 1

      Definitions and interpretation

      Dispute

      1. •

        means any claim arising out of or connected with [Insert description of the dispute/circumstances giving rise to the dispute].

      Proceedings

      1. •

        means court proceedings in England and Wales and any Arbitration in relation to the Dispute.

      Period of Extension

      1. •

        means the period which begins on the date of this Agreement and continues until it is terminated in accordance with clause 3.

      Extension Date

      1. •

        means the date on which the Period of Extension ends, in accordance with clause 3.

      1. 1.1

        Save where the context otherwise requires, in this Agreement:

        1. 1.1.1

          words in the singular include the plural and vice versa;

        1. 1.1.2

          reference to one gender includes a reference to the other genders;

        1. 1.1.3

          any reference to a company means any company, corporation or other body corporate,

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Jurisdiction(s):
United Kingdom
Key definition:
Standstill agreement definition
What does Standstill agreement mean?

An agreement between the company and its creditors restraining creditor enforcement action.

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