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

Discover More

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.

From Reuters

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.

From New York Times

By not joining the board, Musk is no longer subject to a standstill agreement that would have capped his stake at 14.9%.

From Los Angeles Times

In late June, the two groups reached a six-week standstill agreement on GFG’S Australian steel and coal mining assets, which they hope will allow GFG to refinance the operations.

From Reuters

standstill stand to

Browse