Payment Waiver Template for Hong Kong

1. Parties: Identifies and defines the parties to the waiver agreement, including the creditor (party waiving payment) and debtor

2. Background: Describes the context of the original payment obligation and the circumstances leading to the waiver

3. Definitions: Defines key terms used throughout the document

4. Original Payment Obligation: Details of the original payment obligation being waived, including reference to the underlying agreement

5. Waiver: The core waiver provisions, clearly stating which payments are being waived and to what extent

6. Conditions: Any conditions that must be met for the waiver to be effective

7. Representations and Warranties: Basic representations by both parties regarding their authority to enter into the waiver

8. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and Hong Kong courts' jurisdiction

1. Schedule 1 - Original Payment Obligation Details: Detailed breakdown of the original payment obligation, including amounts, due dates, and reference to original agreements

2. Schedule 2 - Waived Amounts: Specific details of the amounts being waived, including any calculations or breakdowns

3. Schedule 3 - Remaining Payment Schedule: If applicable, schedule of any remaining payments not covered by the waiver

4. Appendix A - Related Agreements: Copies or references to related agreements affected by the waiver