renegotiate

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renegotiate

An agreement to revise the terms of a contract.Promissory notes,mortgages,leases, and other contracts can typically be renegotiated if failure to do so will result in default and that default would be economically disadvantageous to the other party. This power to renegotiate is exemplified by the old saying referring to loans from small banks,“If you owe the bank $10,000, they own you. If you owe the bank $1,000,000, you own them.” A debtor in bankruptcy can force renegotiation of onerous contract terms,such as a long-term lease at above-market rental rates.

References in periodicals archive ?
But when The Texas Tribune reached out to each of the 27 Republican members of the Texas congressional delegation, not one joined in Trump's call for renegotiating the treaty.
So they are being a little more negotiable in terms of bringing new tenants in and letting their tenants off the hook, depending on their credit or renegotiating getting back space and trying to commit to some longer term deals.
Alabama's pension fund, the Retirement Systems of Alabama (RSA), is reportedly renegotiating its offer to purchase a 38% stake in US Airways.
While most firms were busy seeking government protections like subsidies, tax benefits and favorable legislation, Jofre went to work renegotiating Impsat's $1 billion debt, making it the first and only company at press time to have completed a deal to restructure.
However, large numbers of people said they agreed with what it was Senator Carney didn't say, An unscientific poll in the Vancouver Sun found nearly 70% of respondents were in favour of renegotiating Confederation with the option of secession on the table.
Since the first edition of Renegotiating Health Care was published in 1995, new treatments, technologies, business models, reimbursement methods, and regulations have tangibly transformed the substance of health care negotiation.
In relevant remarks on Monday night, Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi reiterated the country's opposition to renegotiating the 2015 nuclear deal with the world powers, stressing Tehran's preparedness to react to the violation or withdrawal of the internationally-accepted agreement.
auto workers and the domestic steel industry by renegotiating NAFTAs rules of origin, which determine how much of a product must be made in a country in order to benefit from the trade agreement.
aIf we turn to renegotiating the agreements, this will slow down the construction process significantly, but letas wait for the analysisa, said Kristian Vigenin for the Bulgarian National Television.
Fine Gael's European candidate in Ireland East added: "Talk of renegotiating the Programme for Government would have more credibility if it came 18 months ago and not on the back of bad polls.
US investment bank Morgan Stanley (NYSE: MS) is renegotiating the terms of its rescue fundraising from the Japanese bank Mitsubishi UFJ Financial Group Inc (MUFG) (NYSE: MTU) (TYO: 8306) (8306.
ITA General Manager Thera Bradshaw agreed renegotiating the cable contracts could potentially benefit the city with additional revenue as well as make sure that consumers get improved services at better prices.