The following Restructuring & Insolvency guidance note provides comprehensive and up to date legal information covering:
This Agreement is made on [insert day and month] 20[insert year]
The Lenders (as set out in Schedule 1) (the Lenders); and
[insert name of debtor company] a company incorporated in [insert country eg England and Wales] under number [insert registered number] whose registered office is at [insert address] (the Company);
(each of the Lenders and the Company being a Party and together the Lenders and the Company are the Parties).
The Parties have entered into the following Finance Documents: [insert list of finance documents].
As at the Commencement Date, the Parties are owed the amounts [listed in OR calculated in accordance with Schedule 2] under the Finance Documents.
The Lenders agree to a moratorium on enforcing their rights arising from any Event of Default or breach of covenant under the Finance Documents.
The Company will not be required to make the repayments set out in the Finance Documents during the Standstill Period.
The Parties will negotiate in good faith with a view to executing a Restructuring Agreement setting out an agreed plan to restructure the Company’s business and debts.
[insert any further recitals].
The parties Agree:
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