Debt Moratorium definition

Debt Moratorium means, with respect to a Person, an authorized postponement or deferral of the maturity of, or the deadline for paying a debt or performing an obligation of such Person which exceeds six (6) months.
Sample 1Sample 2Sample 3
Debt Moratorium means an authorized postponement or deferral of the maturity of, or the deadline for paying a debt or performing an obligation which exceeds six (6) months.
Sample 1

Examples of Debt Moratorium in a sentence

  • The study is confined to below details: The Study includes comprehensive understanding of Debt Moratorium in India. The study is narrowed down to analyse the impact on NBFCs for not being granted the moratorium benefit from their own lenders. The study also puts light on the complications faced by borrowers while opting loan moratorium.

  • This concern arose because disbursements were estimated to drop during FY2002–FY20049 because of clients’ ineligibility for new loans under the Debt Moratorium Program (DMP), and the high probability of loan accounts under DMP resurfacing as bad debts.

  • The 3,307 figure is no longer relevant given, among other things: the Modernization Project which is referenced in the Alcan EPA2 and is now completed; the Tier 1 Quantity Table in the definition of “Tier 1 Electricity Quantity” in the Alcan EPA, which shows “Tier 1 Electricity Quantity” 2017 et seq.

  • In both cases you should be able to spot the chord “forms” from the chords of the first position shown on the 4 string charts and relate them to the corresponding guitar open tuning chord forms.

  • Clients with outstanding BAAC debt of not more than B100,000 are eligible to participate in the Debt Moratorium Program (DMP), which started in April 2001.

  • As acknowledged by the parties, the Board, and the court in Community, this provision and policy has been in the Manual since before the Bad Debt Moratorium provision.

  • Use the features available in Commonwealth Meridian or CS-DRMS to identify the ‘idea;’ instruments and make informed decision on which instruments are selected, terms of the new debt relief instrument and whether to proceed with the moratorium application.The G20 Debt Moratorium initiative on COVID-19 proposes a debt service suspension between May and December 2020.

  • Repayments were delayed by subborrowers in the expectation of the Debt Moratorium Program (DMP).Complied with.

  • The Board also found that CMS’ policy applying the presumption of collectability to any bad debt held at an outside collection agency violates the Bad Debt Moratorium in this case.3 SUMMARY OF COMMENTS CM submitted comments, requesting reversal of the Board's decision.

  • Further, the Provider argued that CM’s argument regarding the Bad Debt Moratorium is contrary to the ruling of the district court in Foothill.6 Moreover, the Provider stated that CM’s comments, regarding whether certain bad debts related to services paid under a fee schedule, should be rejected.

Related to Debt Moratorium

  • moratorium, control share acquisition" or other similar antitakeover statute or regulation enacted under state or federal laws.

  • Repudiation/Moratorium means the occurrence of both of the following events:

  • Moratorium Period means the period of maximum months from the Commencement Date provided by DMRC to the Lessee for carrying out Fit Out Activities in order to operationalize the Leased Space(s).

  • crematorium means an establishment with one or more cremation chambers used only for the reduction of the human body to ashes by heat and where funeral services will not be permitted to be conducted; [2009-06]

  • Repudiation/Moratorium Evaluation Date means, if a Potential Repudiation/Moratorium occurs on or prior to the Credit Observation End Date (i) if the Obligations to which such Potential Repudiation/Moratorium relates include Bonds, the date that is the later of (A) the date that is sixty days after the date of such Potential Repudiation/Moratorium and (B) the first payment date under any such Bond after the date of such Potential Repudiation/Moratorium (or, if later, the expiration date of any applicable Grace Period in respect of such payment date) and (ii) if the Obligations to which such Potential Repudiation/Moratorium relates do not include Bonds, the date that is sixty days after the date of such Potential Repudiation/Moratorium; provided that, in either case, the Repudiation/Moratorium Evaluation Date shall occur no later than the Credit Observation End Date unless the Repudiation/Moratorium Extension Condition is satisfied.

  • Potential Repudiation/Moratorium means the occurrence of an event described in paragraph (a) of the definition of Repudiation/Moratorium.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Insolvency Act means the Insolvency Xxx 0000;

  • Liquidation Process Regulations means, the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations 2016 as amended from time to time;

  • Permitted Junior Priority Refinancing Debt means secured Indebtedness (including any Registered Equivalent Notes) incurred by the Parent Borrower, and if applicable, any Co-Borrower, in the form of one or more series of junior priority secured notes or junior priority secured loans; provided that (i) such Indebtedness is secured by the Collateral on a second priority (or other junior priority) basis to the liens securing the Obligations and the obligations in respect of any Permitted First Priority Refinancing Debt and is not secured by any property or assets of a Borrower or any Restricted Subsidiary other than the Collateral, (ii) such Indebtedness may be secured by a Lien on the Collateral that is junior to the Liens securing the Obligations and the obligations in respect of any Permitted First Priority Refinancing Debt, notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness,” (iii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to or otherwise subject to the provisions of the Intercreditor Agreements, (iv) such Indebtedness does not mature or have scheduled amortization payments of principal or payments of principal and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligations (except customary asset sale or change of control provisions that provide for the prior repayment in full of the Loans and all other Obligations), in each case prior to 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (v) such Indebtedness is not at any time guaranteed by any Subsidiaries other than Subsidiaries that are Co-Borrowers or Guarantors and (vi) the security agreements relating to such Indebtedness are substantially the same as or more favorable to the Loan Parties than the Collateral Documents (with such differences as are reasonably satisfactory to the Agent). Permitted Junior Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.