The following Restructuring & Insolvency precedent provides comprehensive and up to date legal information covering:
This Agreement is made [insert day and month] 20[insert year]
[insert name of lender] a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at [insert address];
(each a Committee Member and together the Committee Members) whose contact details are set out in Schedule 1; and
[insert name of the debtor company] a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at [insert address] (the Company).
The Company is negotiating with it's Lenders to agree a restructuring of its [business and] debt.
The Company [is seeking to negotiate OR has negotiated] a [Standstill Agreement and] Restructuring Agreement with certain Lenders.
The Committee Members have agreed to form a Creditor's Committee [at the request of the Company].
[insert name of chair] has agreed to act as the chair of the Creditors' Committee.
The Creditors' Committee will negotiate with the Company to implement a [Standstill Agreement and] Restructuring Agreement and will thereafter monitor the same.
[insert any further Recitals].
The parties agree:
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