Assertion: debt instrument | /r/HasProperty | agreement
Facets:
value: typically
type: DEGREE
Source sentences:
text: Debt instruments are typically agreements where a financial institution agrees to loan a borrower money in exchange for set payments of principal and interest over a set period of time.
text: Absent a written or oral agreement to alter other terms of the debt instrument, an agreement by the holder to stay collection or temporarily waive an acceleration clause or similar default right (including such a waiver following the exercise of a right to demand payment in full) is not a modification unless and until the forbearance remains in effect for a period that exceeds two years following the issuer’s initial failure to perform and any additional period during which the parties conduct good-faith negotiations or during which the issuer is in bankruptcy.
text: Notwithstanding paragraph (c)(1) of this section, absent a written or oral agreement to alter other terms of the debt instrument, an agreement by the holder to stay collection or temporarily waive an acceleration clause or similar default right (including such a waiver following the exercise of a right to demand payment in full) is not a modification unless and until the forbearance remains in effect for a period that exceeds -