Definition of standstill agreement in US English:
standstill agreement
nounˈstan(d)ˌstil əˈɡrēmənt
Finance 1An agreement between two countries in which a debt owed by one to the other is held in abeyance for a specified period.
Example sentencesExamples
- I accordingly approached the Dominions of India and Pakistan to enter into standstill agreement with my State.
- A few months later a standstill agreement with the holders of the company's £6.5 billion debt mountain lapses, meaning the tunnel operator will have to start paying back some of the loan's principal.
- The extension follows a two-week standstill agreement Genuity signed with its banks in July.
- Australia is also opposed to any standstill agreement whereby Australia will not be able to change the existing regulatory framework.
- In that context, the Bank agreeing unconditionally to a standstill agreement was not in the cards.
- 1.1 An agreement between a company and a bidder for the company in which the bidder agrees to buy no more shares for a specified period.
Example sentencesExamples
- The difficulty with a standstill agreement is that the proportion of the market that today's ‘new and emerging services’ will command tomorrow, cannot be known.
- She, too, rejects the standstill agreement and cites pay television as an example.
- Meanwhile O'Brien has refused to sign a standstill agreement which would require e-Island to withdraw for a specified period if the Eircom board rejected its bid.
- He was never asked to draft a standstill agreement.
- A UTC insider said that it was not prepared to sign a standstill agreement.