A moratorium definition

A moratorium is declared in respect of any indebtedness of any member of the Group (except a Dormant Group Company).
View Source

Examples of A moratorium in a sentence

  • A moratorium on hiring and expansion in these and cognate departments will be in effect immediately and continue until the provisions of 21:05 (d) below are fulfilled.

  • A moratorium is declared in respect of any indebtedness of any of the Obligors or any other Material Subsidiary.

  • A moratorium in respect of all or any debts of any member of the NCLC Group or a composition or an arrangement with creditors of any member of the NCLC Group or any similar proceeding or arrangement by which the assets of any member of the NCLC Group are submitted to the control of its creditors is applied for, ordered or declared or, [*].

  • A moratorium is declared in respect of any indebtedness of the Applicant.

  • A moratorium is declared by any Obligor with respect to External Indebtedness or any Obligor suspends making payments of External Indebtedness generally.

  • A moratorium for requesting certification deletions shall exist from January 1 through September 30 of each year to allow the Employer the opportunity to plan for the assignment of the certified staff in the ensuing school year.

  • A moratorium in respect of all or any debts of any Obligor or a composition or an arrangement with creditors of any Obligor or any similar proceeding or arrangement by which the assets of any Obligor are submitted to the control of its creditors is applied for, ordered or declared or any Obligor commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of all or a significant part of its Financial Indebtedness.

  • A moratorium will be observed annually by the parties during the winter holiday season.

  • A moratorium is established on the payment of interest or repayment of principal on international debts of borrowers in London, Zurich, Delaware, Idaho or Alaska generally or a class of such borrower into which any Obligor falls.

  • A moratorium in respect of all or any debts of any member of the Group or a composition or an arrangement with creditors of any member of the Group or any similar proceeding or arrangement by which the assets of any member of the Group are submitted to the control of its creditors is applied for, ordered or declared or, [*].