Advertisement
Advertisement
standstill agreement
noun
- an agreement that preserves the status quo, esp one between two countries when one country cannot pay its debts to the other that a certain fixed extension of time will be given to repay the debts
Example Sentences
Cliffs has refused to sign a six-month standstill agreement that would prevent it from challenging U.S.
The Liberty Steel group owned by commodities tycoon Sanjeev Gupta said it has reached a standstill agreement with its largest creditor Greensill Bank on debt facilities for its European business.
The Liberty Steel group owned by commodities tycoon Sanjeev Gupta said it has reached a standstill agreement with its largest creditor Greensill Bank on debt facilities for its European business.
But Silver Lake also agreed at the time not to acquire more than 5 percent of the company, so Twitter would have to waive that so-called standstill agreement before it could entertain any offer from Silver Lake.
By not joining the board, Musk is no longer subject to a standstill agreement that would have capped his stake at 14.9%.
Advertisement
Advertisement
Advertisement
Advertisement
Browse