Common use of Stand Still Clause in Contracts

Stand Still. 12.1 The Relevant Lenders agree and undertake that on and from the Reference Date, they shall not: (a) commence any civil action against the respective Borrower or other persons that have provided Third Party Security for recovery of their dues in respect of the Facilities or enforcement of any security interest provided by the Borrower or other persons; and

Appears in 3 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement, Intercreditor Agreement

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Stand Still. 12.1 13.1 The Relevant Lenders agree and undertake that on and from the Reference Date, they shall not: (a) commence any civil action or proceedings under IBC or other Applicable Law against the respective Borrower or other persons that have provided Third Party Security for recovery of their dues in respect of the Facilities or enforcement of any security interest provided by the Borrower or other personspersons or accelerate any Facilities provided to the Borrower; and

Appears in 1 contract

Samples: Intercreditor Agreement

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