Deferment Agreement definition

Deferment Agreement has the meaning set out in Section 8.13.
Sample 1

Examples of Deferment Agreement in a sentence

  • The purpose of the initiative was to train teachers to become “professional beacons” at the schools in order to guide and inspire colleagues and bring the latest knowledge and research into the subject at the school14.

  • That left only a possibility of gaining something through a winding-up, which is probably why they supported the winding-up.From the events consequences and implications it is obvious the company could carry on as it is with impunity protected by the notorious Deferment Agreement.

  • He is the Managing Director of the company in winding-up and the Managing Director of EODC its major shareholder and "controller" of the Deferment Agreement (both the same person).

  • That judgment shows how repayment of loans has been made illusory by the device of the Deferment Agreement which effectively blocks any chance of that lender and any lender, for that matter, recovering their investments.

  • The Deferment Agreement is referred to and recognized for its leverage and virtual uncertainty of the major creditors ever getting paid, whilst the loan debt just keeps growing.

  • History of foreclosure, receivership and winding-up The manner in which the Deferment Agreement acts as a trap to the unwary lender may be seen by what happened to its Belgian lender, Air et Chaleur MTSA.

  • Deferment Agreement The Deferment Agreement was essentially an agreement between all the existing lenders at 1987 whereby a new lender was given priority over all the existing lenders and they could not be paid until and unless the new lender was paid and that the ratio of current assets to current liabilities in the company is not less than 2 to 1.

  • The result was that the borrowers found that by virtue of the Deferment Agreement, the loans were no longer payable on demand.

  • Its fate was no less decided in advance by the now notorious Deferment Agreement.

  • ADC relied on the Deferment Agreement of 2 June 1987, to resist foreclosure and repayment of the loans borrowed.

Related to Deferment Agreement

  • Reimbursement Agreement as defined in Section 2.8(b).

  • Payment Agreement means a written agreement which provides

  • Disbursement Agreement means the Master Disbursement Agreement, dated as of the Closing Date, by and among the Administrative Agent, the Bank Facilities Administrative Agent, the Disbursement Agent, the Borrowers and LCR, in substantially the form of Exhibit D-3 hereto, as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof and thereof.

  • Amendment Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.

  • Consent Agreement shall have the meaning set forth in Section 14.2.

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • TBT Agreement means the Agreement on Technical Barriers to Trade, which is part of the WTO Agreement;

  • Waiver Agreement means an agreement between

  • Repayment Agreement means an agreement

  • Forbearance Agreement means the forbearance agreement entered into by Granite Co. prior to the implementation of the 2011 Arrangement.

  • PILOT Agreement means the Agreement for Payments in Lieu of Ad Valorem Taxes entered into by and among the Board, the Company, the City and the County.

  • Commitment Agreement means the written agreement that may be required at EDTI’s sole discretion between a Customer and EDTI whereby the Customer both authorizes the design and construction of new or expanded Facilities and agrees to pay all cancellation costs if the project is cancelled or if the Customer fails to sign an Electric Service Agreement prior to the energization of the new or expanded Facilities;

  • Extension Agreement shall have the meaning provided in Section 2.15(c).

  • Termination Agreement has the meaning set forth in the Recitals.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Amendment and Restatement Agreement means the Amendment and Restatement Agreement, dated as of January 29, 2016, among the Borrowers, the Lenders party thereto and the Administrative Agent.

  • Management Agreement means the agreement to be entered into between the Borrower and the Manager providing for the ship management and crewing services of the Vessel, such agreement to be in the form and on the terms and conditions required by the Agent;

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Easement Agreement means any conditions, covenants and restrictions, easements, declarations, licenses and other agreements which are Permitted Encumbrances and such other agreements as may be granted in accordance with Section 19.1.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Joint Agreement means a type of Fund Use Agreement between the Consortium and the Fund Council that sets forth an umbrella set of terms and conditions that govern principally the submission and approval of CRP proposals and the transfer and use of funds from the CGIAR Fund for implementation of CRPs.

  • Modification Agreement means any agreement between the Issuer (or the Servicer acting on its behalf) and a Supplier for the purchase and/or installation of a Required Modification or an Optional Modification.

  • Secondment Agreement is defined in Section 2.2.

  • Placement Agreement means the Placement Agreement relating to the offering and sale of Capital Securities in the form of Exhibit C.