This agreement is given by a creditor to a debtor after the debtor is in default under the terms of a credit agreement. The creditor agrees to waive the default (the creditor will not employ the rights triggered by the default) so long as the debtor agrees to certain terms and conditions.

This form includes special formatting features to assist you in completing the agreement.

This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.