The Interest Waiver agreement is commonly used in Hong Kong's financial markets during periods of financial hardship or as part of debt restructuring arrangements. It provides a formal mechanism for lenders to temporarily or permanently waive their right to receive interest payments while maintaining the enforceability of the underlying debt obligation. The document is particularly relevant in the context of Hong Kong's sophisticated financial services sector and must comply with local banking regulations and financial services requirements. The Interest Waiver agreement typically includes details of the original loan, the specific interest being waived, any conditions attached to the waiver, and provisions ensuring the continued validity of any security arrangements. It's frequently used during economic downturns, corporate restructurings, or when borrowers face temporary liquidity challenges.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identifies and defines the parties to the agreement - typically the lender/creditor and borrower/debtor
2. Background: Sets out the context of the original loan/debt and the circumstances leading to the interest waiver
3. Definitions: Defines key terms used in the agreement, including 'Interest Period', 'Principal Amount', 'Interest Rate', etc.
4. Interest Waiver: Details the specific interest being waived, including the amount and applicable period
5. Principal Obligations: Confirms the continued obligation to repay the principal amount and any non-waived interest
6. Effectiveness and Duration: Specifies when the waiver takes effect and its duration
7. Representations and Warranties: Standard representations by both parties regarding their capacity and authority
8. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and jurisdiction
9. Execution: Signature blocks and execution formalities
1. Conditions Precedent: Used when the waiver is conditional upon certain events or actions being completed
2. Partial Waiver Provisions: Include when only a portion of the interest is being waived
3. Security Preservation: Include when existing security arrangements need to be preserved despite the interest waiver
4. Tax Provisions: Include when there are tax implications of the interest waiver that need to be addressed
5. Reinstatement Provisions: Include when there are circumstances under which the waived interest might be reinstated
6. Further Assurance: Include when additional documents or actions may be needed to give effect to the waiver
1. Schedule 1 - Loan Details: Details of the original loan agreement including date, amount, and interest rate
2. Schedule 2 - Interest Calculation: Detailed calculation of the interest being waived
3. Schedule 3 - Payment Schedule: Revised payment schedule reflecting the interest waiver
4. Appendix A - Original Loan Agreement: Copy of the original loan agreement being modified
5. Appendix B - Required Notices: Copies of any required notices or regulatory filings related to the waiver
Find the exact document you need
Waiver Of Liability (Insurance)
A Hong Kong law-governed document that establishes terms for waiving insurance-related liability rights and claims between involved parties.
Download
Landlord Vacate Notice
A Hong Kong-compliant legal notice from landlord to tenant requiring vacation of leased premises by a specified date.
Download
Interview Turn Down Letter
A Hong Kong-compliant formal letter informing job candidates of an unsuccessful interview outcome while maintaining professional courtesy and legal compliance.
Download
Interest Promissory Note
A Hong Kong law-governed document evidencing a promise to pay a specified sum with interest, containing payment terms and interest calculations.
Download
Liability Waiver
A Hong Kong law-governed Liability Waiver document for protecting organizations against claims arising from voluntary participation in activities or services.
Download
Character Reference Letter From Employer
A formal Hong Kong-compliant employer's letter attesting to an employee's character, work ethic, and professional conduct during their employment period.
Download
Lien Release Agreement
A Hong Kong law-governed agreement that formally releases a lien or security interest over property upon satisfaction of underlying obligations.
Download
Contractor Invoice
A formal billing document used by contractors in Hong Kong to request payment for services, compliant with local tax and business regulations.
Download
Registered User Agreement
A Hong Kong law-governed agreement establishing terms and conditions between service providers and registered users of digital platforms or services.
Download
Photo Consent Wording
A Hong Kong law-compliant photo consent form that establishes legal permission for taking and using photographs while protecting personal data privacy rights.
Download
Medical Treatment Authorization Letter
A Hong Kong-compliant legal document authorizing designated individuals to make medical decisions on behalf of a patient.
Download
Waiver Form
A Hong Kong law-governed document that releases one party from liability or responsibility for specified risks and potential claims.
Download
Travel Receipt
A Hong Kong-compliant document evidencing payment for travel-related services, including transaction details and terms under local regulations.
Download
Conditional Letter Of Credit
A Hong Kong law-governed banking instrument that provides payment assurance in international trade transactions upon fulfillment of specified documentary conditions.
Download
Emission Waiver
A legal document under Hong Kong law granting temporary or permanent relief from specific emission requirements, subject to alternative compliance measures and monitoring.
Download
Personal Trainer Employment Contract
A Hong Kong law-governed employment contract establishing terms and conditions between a fitness facility and a personal trainer, ensuring compliance with local employment regulations.
Download
Credit Verification Release Form
A Hong Kong-compliant authorization form allowing specified parties to verify an individual's credit information, subject to local privacy laws.
Download
Emergency Room Release Form
A Hong Kong-compliant emergency room release form for obtaining patient consent and documenting emergency medical treatment authorization.
Download
Waiver And Indemnity Agreement
A Hong Kong law-governed agreement combining waiver of rights and indemnification obligations, providing comprehensive risk and liability protection between parties.
Download
Personal Appearance Waiver
A Hong Kong law-compliant document waiving requirements for personal appearance while establishing secure alternative verification methods.
Download
Liability Assumption Agreement
A Hong Kong law-governed agreement facilitating the transfer of specific liabilities between parties, defining terms and conditions of liability assumption.
Download
Waiver Of Service
A Hong Kong law-governed document where a party voluntarily waives their right to formal service of legal proceedings while preserving other legal rights and defenses.
Download
Time Deposit Agreement
A Hong Kong law-governed agreement establishing terms and conditions for fixed-term deposits between a financial institution and depositor, including interest rates, term length, and withdrawal conditions.
Download
Photography Usage Rights Agreement
A Hong Kong law-governed agreement establishing terms for licensed use of photographic works, including usage rights, restrictions, and compensation.
Download
No Fault Settlement Agreement
A Hong Kong law-governed agreement that resolves disputes between parties without admission of liability, providing mutual releases and settlement terms.
Download
Final Settlement Letter To Employee
A formal letter under Hong Kong law detailing final settlement terms and payments between employer and departing employee.
Download
Consent To Treat Minor Form
A Hong Kong-compliant legal form authorizing medical professionals to provide treatment to patients under 18 years of age with parental/guardian consent.
Download
Media Release Form For Minors
A Hong Kong-compliant legal form obtaining parental consent for using a minor's image or likeness in media productions, ensuring child protection and privacy law compliance.
Download
Partial Lien Release
A Hong Kong law-governed document that releases a specific portion of property from an existing lien while maintaining security over the unreleased portion.
Download
Interest Waiver
A Hong Kong law-governed agreement documenting a lender's waiver of interest payments on a loan or debt obligation, while maintaining the principal repayment obligations.
Download
Conditional Settlement Agreement
A Hong Kong law agreement documenting conditional settlement terms between disputing parties, becoming effective only upon satisfaction of specified conditions.
Download
Payment Verification Letter
A formal document under Hong Kong law that provides official verification and confirmation of specific payment transactions.
Download
Bond Transfer Agreement
A Hong Kong law-governed agreement facilitating the transfer of bonds between parties, outlining terms, conditions, and regulatory compliance requirements.
Download
Privacy Release Form
A Hong Kong-compliant legal document obtaining consent for personal data collection and processing under the PDPO.
Download
Conflict Resolution Agreement
A Hong Kong law-governed agreement establishing procedures and mechanisms for resolving disputes through various alternative dispute resolution methods.
Download
Royalty Share Agreement
A Hong Kong law-governed agreement establishing terms for sharing royalties from intellectual property exploitation.
Download
Health Risk Assessment Form
A Hong Kong-compliant health risk assessment form for collecting and evaluating individual health information and medical history, with built-in privacy protections.
Download
Spousal Consent Form
A Hong Kong law-governed document recording one spouse's informed consent to actions affecting matrimonial rights or interests.
Download
Personal Agreement Contract
A Hong Kong law-governed contract establishing terms and conditions for personal agreements between parties, ensuring legal compliance and mutual protection of interests.
Download
Application Fee Waiver
A Hong Kong law-governed document establishing terms for waiving application fees between a fee-charging entity and beneficiary.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it