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.
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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

  • One of the largest debt relief programs in terms of farmer participation and a long history of over two decades is the Debt Moratorium (DM) scheme.

  • It also limits activity at the government bank and allows it to enter into receivership if necessary.” [NPR, 4/6/16] • Wall Street Journal: The Debt Moratorium “Would Generally Last Through Jan.

  • In addition, the Board finds that the U.S. District Court for the District of Columbia recently decided the precise question presented in this case related to the application of the Bad Debt Moratorium, and explicitly held that the presumption of collectibility violates the Moratorium.

  • The Bad Debt Moratorium complicates the deference issue, however, as it requires the Court to follow the agency’s 1987 interpretation of its own regulations, rather than the agency’s present-day interpretation of the same.

  • At the outset, it is important to address the applicability and scope of the Bad Debt Moratorium.

  • The requirement to suspend all recovery actions stipulated in the Circular No. 10 of 2021 dated 13 September 2021 on Extensions of Debt Moratorium for COVID-19 Affected Businesses and Individuals in the Tourism Industry up to 30.06.2022 shall remain unchanged.

  • Thisguidance, Defendant maintains, “was designed to explain what the agency’s bad debt policy had been prior to August 1, 1987, and thus what the agency’s policy continued to be” after the enactment of the Bad Debt Moratorium.

  • The Board concludes that since the Provider did not follow its own bad debt collection policies, the issue is moot.” Id. The PRRBcited no other authority for this proposition, nor did it provide any reason why a provider’s failure to follow its own policies renders “moot” the question of whether the Bad Debt Moratorium precludes the Secretary’s disallowance.

  • 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.

  • Malaysian hospitality has resulted in service with genuine warmth and in the reinforcement of native values.• Ecotourism's emphasis on local resources and employment makes it attractive to developing countries.

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:

  • Repudiation/Moratorium means the occurrence of both of the following events: (i) an authorised officer of a Reference Entity or a Governmental Authority (x) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, one or more Obligations in an aggregate amount of not less than the Default Requirement or (y) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to one or more Obligations in an aggregate amount of not less than the Default Requirement and (ii) a Failure to Pay, determined without regard to the Payment Requirement, or a Restructuring, determined without regard to the Default Requirement, with respect to any such Obligation occurs on or prior to the Repudiation/Moratorium Evaluation Date.

  • Moratorium Period means a period of 3 (three) years from the Implementation Date and includes the period between the Approval Date and the Implementation Date;

  • 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.

  • External Indebtedness means Indebtedness which is payable, or at the option of its Holder may be paid, (i) in a currency or by reference to a currency other than the currency of Mexico, (ii) to a person resident or having its head office or its principal place of business outside Mexico and (iii) outside the territory of Mexico.

  • Public External Indebtedness means any External Indebtedness which is in the form of, or represented by, notes, bonds or other securities which are for the time being quoted, listed or ordinarily dealt in on any stock exchange.

  • External Debt means obligations (other than the Notes) of, or guaranteed by, the Republic for borrowed money or evidenced by bonds, notes or other similar instruments denominated or payable, or those which at the option of the holder thereof are so denominated or payable, in a currency other than the local currency of the Republic.

  • Receivership means a proceeding in which a receiver is appointed.

  • Capital Markets Debt means any debt securities or debt financing issued pursuant to an indenture, notes purchase agreement or similar financing arrangement (but excluding any credit agreement) whether offered pursuant to a registration statement under the Securities Act or under an exemption from the registration requirements of the Securities Act.

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

  • Open Market Sale Agreement is a service mark of Xxxxxxxxx LLC

  • Insolvency Act means the Insolvency Act, 1936 (Act No. 24 of 1936);

  • Capital Markets Indebtedness means any Indebtedness consisting of bonds, debentures, notes or other similar debt securities issued in (a) a public offering registered under the Securities Act, (b) a private placement to institutional investors that is resold in accordance with Rule 144A or Regulation S under the Securities Act, whether or not it includes registration rights entitling the holders of such debt securities to registration thereof with the SEC or (c) a private placement to institutional investors. For the avoidance of doubt, the term “Capital Markets Indebtedness” does not include any Indebtedness under the Credit Agreement, Indebtedness incurred in connection with a sale and leaseback transaction, Indebtedness incurred in the ordinary course of business of the Company, Capital Lease Obligations or recourse transfer of any financial asset or any other type of Indebtedness incurred in a manner not customarily viewed as a “securities offering.”

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

  • Reorganization with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of ERISA.

  • insolvency practitioner means any receiver, administrator or liquidator appointed in respect of the Tenant;

  • External floating roof means a storage vessel cover in an open tank top consisting of a double deck or pontoon single deck which rests upon and is supported by the petroleum liquid being contained and is equipped with a closure seal or seals to close the space between the roof edge and tank shell.

  • Spanish Insolvency Law means the restated text of the Spanish Insolvency Law (Ley Concursal) approved by the Royal Decree-Legislative 1/2020, of 5 May, as amended from time to time.

  • Margin of purchase preference means the maximum extent to which the price quoted by a local supplier may be above the L1 for the purpose of purchase preference.

  • CCAA means the Companies’ Creditors Arrangement Act (Canada).

  • Internal Reorganization has the meaning set forth in the Separation Agreement.

  • Organic law means the statute governing the internal affairs of a domestic or foreign corporation or

  • Open burning means the combustion of any material without the following characteristics: