Agreement to extend limitation—standstill agreement

Published by a LexisNexis Dispute Resolution expert
Precedents

Agreement to extend limitation—standstill agreement

Published by a LexisNexis 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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