Credit Waiver Template for Austria

1. Tax Implications: Section addressing tax consequences of the waiver, to be included when the waiver amount is significant or has specific tax implications

2. Confidentiality: Provisions regarding confidentiality of the waiver terms, typically included for business-to-business arrangements

3. Regulatory Compliance: Additional provisions required when either party is a regulated entity or when the waiver requires regulatory approval

4. Third Party Rights: Section addressing the impact on guarantors or other security providers, included when the original credit agreement involves third-party security

5. Partial Waiver Conditions: Specific conditions and terms when only part of the credit is being waived, with ongoing obligations for the remaining amount

6. Future Cooperation: Provisions regarding future business relationships, typically included in business relationship preservation scenarios

1. Original Credit Agreement: Copy or extract of the original credit agreement being partially or fully waived

2. Calculation of Waived Amount: Detailed calculation showing the amount being waived, including principal, interest, and any fees

3. Payment History: Summary of payments made under the original credit agreement and current outstanding balance

4. Corporate Authorizations: Copies of relevant corporate authorizations, board resolutions, or powers of attorney

5. Regulatory Approvals: Copies of any required regulatory approvals or notifications, if applicable