Common use of Moratorium on External Indebtedness Clause in Contracts

Moratorium on External Indebtedness. The government of the PRC, USA or Hong Kong, central bank (or equivalent) of the PRC, USA or Hong Kong or any Governmental Agency of the PRC, USA or Hong Kong declares a moratorium, standstill or similar suspension of payments in respect of its external indebtedness.

Moratorium on External Indebtedness. The government of the PRC, USA or Hong Kong, central bank (or equivalent) of the PRC, USA or Hong Kong PRC or any Governmental Agency of the PRC, USA or Hong Kong PRC declares a moratorium, standstill or similar suspension of payments in respect of its external indebtednessExternal Indebtedness or the External Indebtedness of any person incorporated, domiciled, resident or situated in the PRC.