Common use of Moratorium Clause in Contracts

Moratorium. The Government of India or any relevant Governmental Authority declares a general moratorium or “standstill” (or makes or passes any order or regulation having a similar effect) in respect of the payment or repayment of any Financial Indebtedness (whether in the nature of principal, interest or otherwise) (or any indebtedness which includes Financial Indebtedness) of the Borrower.

Moratorium. The Government of India or any relevant Any Governmental Authority declares a general moratorium or “"standstill” (" or makes or passes any order or regulation having a similar effect) effect in respect of the payment or repayment of any Financial Indebtedness (whether in the nature of principal, interest or otherwise) (or any indebtedness which includes Financial Indebtedness) Indebtedness owed by the Borrower, whether or not such declaration, order or regulation is of general application, applies to a class of persons which includes the Borrower.

Moratorium. The Government of India or any Any relevant Governmental Authority declares a general moratorium or “"standstill” " (or makes or passes any order or regulation having a similar effect) in respect of the payment or repayment of any Financial Indebtedness (whether in the nature of principal, interest or otherwise) (or any indebtedness which includes Financial Indebtedness) owed by companies or other entities similar to the Borrower (and whether such declaration, order or regulation is of general application, applies to a class of persons which includes the BorrowerBorrower or to the Borrower alone).

Moratorium. The Government of India or any Any relevant Governmental Authority Agency declares a general moratorium or “standstill” (or makes or passes any order or regulation having a similar effect) in respect of the payment or repayment of any Financial Indebtedness (whether in the nature of principal, interest or otherwise) (or any indebtedness which includes Financial Indebtedness) owed by Indian companies or other persons (and whether or not such declaration, order or regulation is of general application, applies to a class of persons which includes the Borrower).

Moratorium. The Government of India or any relevant Governmental Government Authority declares a general moratorium or “standstill” (or makes or passes any order or regulation having a similar effect) in respect of the payment or repayment of any Financial Indebtedness (whether in the nature of principal, interest or otherwise) (or any indebtedness which includes insures Financial Indebtedness) owed by companies or other entities similar to any of the BorrowerObligors (and whether such declaration, order or regulation is of general application or applies in a class of persons which includes the Obligor or to any of the Obligors alone).