Deferred Debt Arrangement—Deed
Produced in partnership with Paul Hodges of Clyde & Co
Deferred Debt Arrangement—Deed

The following Pensions precedent Produced in partnership with Paul Hodges of Clyde & Co provides comprehensive and up to date legal information covering:

  • Deferred Debt Arrangement—Deed

This Deed is made the [insert day] day of [insert month] 20[insert year]

Parties:

  1. 1

    [] a limited company incorporated and existing under the laws of England and Wales (registered in England and Wales No. []) whose registered office is at [] (Deferred Employer); and

  1. 2

    [] a limited company incorporated and existing under the laws of England and Wales (registered in England and Wales No. []) whose registered office is at [] (Trustees).

Background

    1. (A)

      [] (Scheme) was established by a[n] [interim OR definitive] trust deed dated [].

    1. (B)

      The Scheme is currently governed by a trust deed dated [], as amended by the deeds executed after it[, details of which are set out in the Schedule to this Deed] (Trust Deed). The rules of the Scheme (Rules) are set out in Schedule [] to the Trust Deed.

    1. (C)

      The Trustees are the present trustees of the Scheme.

    1. (D)

      The Deferred Employer is a participating employer in the Scheme.

    1. (E)

      [Set out brief background as to the circumstances in which the Deferred Employer no longer employs any active members of the scheme or has entered a period of grace]. As a result, the Deferred Employer has ceased to employ any active members of the Scheme which [would trigger OR would have triggered] an ‘employment-cessation event’ (as defined in Regulation 6ZA of the Occupational Pension Schemes (Employer Debt) Regulations 2005,

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