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Deferment Agreement
"I need a Swiss law Deferment Agreement for deferring a commercial loan of CHF 500,000 from our bank, splitting the repayment into three equal installments in March, June, and September 2025, with interest at 5% per annum."
1. Parties: Identification of the creditor and debtor, including full legal names and addresses
2. Background: Context of the original obligation and reasons for deferment
3. Definitions: Key terms including 'Original Agreement', 'Deferred Amount', 'Deferment Period', and 'New Payment Date(s)'
4. Original Obligation: Details and acknowledgment of the existing debt or obligation being deferred
5. Deferment Terms: Specific terms of the deferment including new payment dates and any conditions
6. Interest and Charges: Any interest or additional charges applicable during the deferment period
7. Payment Mechanics: Process and method for making payments under the new schedule
8. Representations and Warranties: Basic statements about the validity of the original obligation and capacity to enter into the agreement
9. Default and Remedies: Consequences of failing to meet the deferred payment terms
10. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
1. Security Arrangements: Include when additional security is being provided for the deferred amount
2. Additional Guarantees: Include when third-party guarantees are being added as part of the deferment
3. Early Payment Provisions: Include when allowing for early payment options or discounts
4. Financial Covenants: Include for commercial agreements where ongoing financial conditions need to be met
5. Information Rights: Include when creditor requires regular financial updates from debtor
6. Tax Provisions: Include when there are specific tax implications of the deferment
7. Force Majeure: Include when specific events might affect the new payment schedule
8. Assignment Rights: Include when transfer rights need to be specifically addressed
1. Schedule 1 - Original Obligation Details: Copy or summary of the original agreement or obligation being deferred
2. Schedule 2 - New Payment Schedule: Detailed timeline of deferred payments including amounts and dates
3. Schedule 3 - Calculation of Interest: If applicable, methodology for calculating interest during deferment period
4. Appendix A - Form of Payment Notice: Standard form for notification of payments under the new schedule
5. Appendix B - Compliance Certificate: If applicable, form for certifying compliance with any ongoing obligations
Authors
Original Agreement
Original Obligation
Deferred Amount
Deferment Period
Effective Date
Business Day
New Payment Date
Payment Schedule
Interest Rate
Default Interest Rate
Default Event
Original Due Date
Parties
Creditor
Debtor
Outstanding Amount
Security
Security Document
Guarantor
Guarantee
Payment Currency
Interest Period
Material Adverse Effect
Permitted Payment
Banking Day
Notice
Swiss Law
Swiss Business Day
Relevant Jurisdiction
Acknowledgment of Debt
Deferment
Payment Terms
Interest
Security
Representations and Warranties
Default
Acceleration
Force Majeure
Assignment
Notices
Amendments
Severability
Entire Agreement
Governing Law
Jurisdiction
Counterparts
Costs and Expenses
Confidentiality
Third Party Rights
Further Assurance
Waiver
Set-off
Remedies
Good Faith
Banking & Financial Services
Manufacturing
Real Estate
Construction
Retail
Professional Services
Technology
Healthcare
Energy
Telecommunications
Agriculture
Transportation & Logistics
Legal
Finance
Treasury
Credit Control
Accounts Receivable
Risk Management
Commercial
Corporate Affairs
Business Development
Collections
Chief Financial Officer
Finance Director
Treasury Manager
Credit Controller
Financial Controller
Accounts Receivable Manager
Legal Counsel
Corporate Lawyer
Risk Manager
Commercial Director
Business Development Manager
Contract Manager
Collections Manager
Restructuring Officer
Chief Executive Officer
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