District of Columbia Standstill Agreement of Grossmans, Inc. - Internal agreement regarding shareholders of single company
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The standstill agreement prevents these potential buyers from publicly announcing a bid for the target, without first acquiring the consent of the target (the public company exploring a sale). In this sense, the standstill agreement is seen to help the target company control the bidding process.
Agents would be exchanged between Hyderabad and India. The Government of India agreed to renounce the functions of paramountcy. The Standstill agreement was to remain in force for a period of one year. The agreement was signed by the Nizam on 29 November 1947.
Accession Day is a public holiday in the Union Territory of Jammu and Kashmir, commemorating 26 October 1947, when Maharaja Hari Singh signed off the Instrument of Accession, in which Jammu and Kashmir joined the Dominion of India.
A standstill agreement is a contract that contains provisions that govern how a bidder of a company can purchase, dispose of, or vote stock of the target company. A standstill agreement can effectively stall or stop the process of a hostile takeover if the parties cannot negotiate a friendly deal.
The early history of British expansion in India was characterised by the co-existence of two approaches towards the existing princely states. The first was a policy of annexation, where the British sought to forcibly absorb the Indian princely states into the provinces which constituted their Empire in India.
A standstill agreement was negotiated between India and Pakistan's newly formed dominions and the British Indian Empire's princely states before their incorporation into the new territories. It was a bilateral form of the agreement.
A standstill agreement prevents a party from issuing proceedings during the currency of that agreement. As such a standstill agreement is a voluntary contractual arrangement between the parties to pause limitation for an agreed length of time (typically 3-6 months).
A standstill agreement can practically be an agreement between parties in which both decide to suspend a particular issue for a specific time. It can be an agreement to defer scheduled payments to help a customer get over severe market conditions. It can also be agreements to pause production of a product.
In the banking world, a standstill agreement between a lender and borrower halts the contractual repayment schedule for a distressed borrower and forces certain actions that the borrower must undertake. A new deal is negotiated during the standstill period that usually alters the loan's original repayment schedule.