Sentences with phrase «standstill agreement»

A standstill agreement is a temporary agreement between two parties that prevents them from taking any action against each other for a specified period. It basically freezes or pauses any actions or disputes that could arise between the parties, giving them time to negotiate or find a solution. Full definition
But my question is, In the face of a signed standstill agreement with the other side (i.e. insurance adjuster), will such agreement be acceptable consent by the court on the motion to set aside the Registrar's Dismissal Order?
The scheme provides bond restructurings with an equivalent of the bank standstill agreement that has been in place for syndicated loan restructurings for the past 25 years.
Macmahon Holdings has extended its standstill agreement with Mongolian company Erdenes Tavan Tolgoi to allow for more time to negotiate an outstanding $ US30 million in payments it's owed.
But Loeb now claims the deal «was rushed through» before his standstill agreement with Dow expired, to prevent him from weighing in.
In conjunction with the nomination of Mittleman and Rabe, Aimia said it has signed a standstill agreement with the investment firm.
Celgene also agreed to Celgene has entered into a standstill agreement and agreed to certain lock - up provisions on its share ownership.
This means that after a standstill agreement expires on 18 January 2012, Rio Tinto has the ability to purchase additional shares in Ivanhoe beyond its current holding of 49 per cent without being diluted by the SRP.
After the standstill agreement expires on 18 January 2012, Rio Tinto will have the ability to purchase additional shares in Ivanhoe beyond its current holding of 49 per cent without being diluted.
In the standstill agreement, the fund's manager has agreed to sell these shares by Oct 31 and Sept 30, respectively, and distribute any net realized gains to shareholders by year - end.
As an added kicker for me, the municipal fund I chose was one of the funds coming under a standstill agreement between Bulldog Investors (Phil Goldstein's management firm) and the fund's manager.
With the threat of Bulldog running a slate of directors at this year's annual meeting the manager buckled under and signed a standstill agreement with Bulldog last March.
Both of these were part of the standstill agreement with Bulldog last April.
GYRO and Bulldog reached a standstill agreement in 2008; I doubt the issuance is being done for control purposes.
In connection with the amendment to the stockholder rights plan, Autobytel also entered into a standstill agreement with CCM, Coghill Capital and Mr. Coghill that contains certain standstill provisions and prohibits CCM, Coghill Capital and Mr. Coghill from taking certain specified actions, including, among other things, a prohibition on any actions that would attempt to direct or influence the management, Board of Directors or policies of Autobytel.
It's kind of a shady way of complying with the standstill agreement in fact if not in spirit.
Firstly, they can work with the negligent professional to enter into a Standstill Agreement, so the matter can be investigated before proceedings are issued.
Secondly, without a Standstill Agreement, protective proceedings can be issued, with a Claim Form at Court stopping time for the purpose of the Limitation Act 1980.
His lordship, alluding to claimants without the benefit of a standstill agreement or a moratorium to rely upon for limitation purposes, also recognised that a private law right of this nature would form part of the broader matrix that the court must consider at trial.
We sought to negotiate a standstill agreement with the defendant (the financial adviser), which would have had the effect of suspending or extending the limitation period.
«In addition the moment a loan goes into default a basic valuation check should be made either through an automated value model or alternatively even in main web products to ascertain if there is sufficient security and, if not, consideration must be given at that stage, and not at the date of repossession, to a standstill agreement on limitation against the Defendant professional or even the issuing of a protective Claim Form.
The Standstill Agreement limits the involvement of certain Defendants in the litigation and provides for a discontinuance of the litigation as against them for current purposes without prejudice to the potential that they could be added to the litigation again in the future if necessary.
Dan, your suggestion of getting a standstill agreement seems like a great idea.
Rouse announced that it had entered into a standstill agreement with Brookfield and its affiliates and formed a special committee to evaluate the offer.
(In October, Farallon had entered into a standstill agreement with Mills.)
While Simon chose not to participate in the potential Brookfield transaction, Brookfield did, however, achieve an important objective: it induced Simon to sign a standstill agreement that prohibits Simon from continuing to work on a transaction to acquire GGP, which explains Simon representatives» statements on Friday to Wall Street analysts that Simon is not currently working on the acquisition of GGP.
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