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What do you know about the standstill agreement?
A standstill agreement was an agreement signed between the newly independent dominions of India and Pakistan and the princely states of the British Indian Empire prior to their integration in the new dominions. The form of the agreement was bilateral between a dominion and a princely state.
What is a standstill?
: a state characterized by absence of motion or of progress : stop brought traffic to a standstill.
What is a standstill in an NDA?
A standstill provision is generally only included in an NDA when the seller is a public company. These provisions are meant to protect the public company seller against a hostile buyer following failed negotiations.
What is a subordination and standstill agreement?
A subordination and standstill agreement defines the specific or general collateral used, the junior lender's rights to payments and the priority of those rights. In a subordination and standstill agreement, the junior lender agrees to notify the senior lender in the event of the company's default on the junior loan.