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COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION, AND LIABILITY ACT (CERCLA) 120(h)(3) COVENANT DEFERRAL REQUEST (CDR) PARCELS F11B, F6B6, F6B7, A2, A4, A5, F10C2, and F10C3 FORMER GRIFFISS AIR

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How to fill out covenant deferral request

01

Obtain the covenant deferral request form from your lender or financial institution.

02

Fill in your personal information including your name, address, and account number.

03

Clearly state the reason for the deferral request in the designated section.

04

Attach any required documentation that supports your reason for requesting the deferral.

05

Specify the desired deferment period and any relevant financial information.

06

Review your request for completeness and accuracy before submission.

07

Submit the completed form to your lender via their preferred method (mail, email, online portal).

08

Follow up with your lender to confirm receipt and discuss next steps.

Who needs covenant deferral request?

01

Individuals or businesses facing temporary financial difficulties.

02

Borrowers who are unable to meet their covenant requirements due to unforeseen circumstances.

03

Entities looking to renegotiate loan terms to maintain compliance with loan agreements.

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What is covenant deferral request?

A covenant deferral request is a formal application submitted by a borrower to temporarily suspend or modify compliance with specific financial covenants outlined in a loan or credit agreement.

Who is required to file covenant deferral request?

Typically, any borrower or entity that is unable to meet the stipulated financial covenants in their loan agreement due to extenuating circumstances is required to file a covenant deferral request.

How to fill out covenant deferral request?

To fill out a covenant deferral request, borrowers must provide specific details about their financial situation, specify the covenants in question, the reasons for the request, and any supporting documentation required by the lender.

What is the purpose of covenant deferral request?

The purpose of a covenant deferral request is to seek temporary relief from certain financial obligations, allowing the borrower to avoid default and maintain their relationship with the lender.

What information must be reported on covenant deferral request?

The information that must be reported includes the borrower's current financial status, a specific description of the covenants affected, the reasons for the deferral request, and any relevant supporting documents.

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