Moratorium on payments Clause Samples
Moratorium on payments. The Borrower and/or the Security Party:
(i) enters into or proposes to enter into; or
(ii) obtains an order of the Court or any authority granting, a moratorium on the payment of Indebtedness or other suspensions of payments generally; or
Moratorium on payments. The Borrower
(i) enters into or proposes to enter into; or
(ii) there is declared by any competent court or authority, a moratorium on the payment of Indebtedness or other suspensions of payments generally; or