Common use of Moratorium Clause in Contracts

Moratorium. Any 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 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. Any 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 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 the Borrower, whether or not such declaration, order or regulation is Indebtedness) of general application, applies to a class of persons which includes the Borrower.

Moratorium. Any relevant Governmental Authority Agency 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, 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. Any Governmental The Government of India or any relevant Government 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 insures Financial Indebtedness Indebtedness) owed by companies or other entities similar to any of the Borrower, Obligors (and whether or not such declaration, order or regulation is of general application, application or applies to in a class of persons which includes the BorrowerObligor or to any of the Obligors alone).

Moratorium. Any relevant 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 companies or other entities similar to the Borrower, Borrower (and whether or not such declaration, order or regulation is of general application, applies to a class of persons which includes the BorrowerBorrower or to the Borrower alone).