DEBT RESTRUCTURING AGREEMENT

DEBT RESTRUCTURING AGREEMENT

Contract Date: [Day/Month/Year]
Contract No: [Number, if any]

This Debt Restructuring Agreementbetween the parties whose details are provided below, the Turkish Code of Obligations No. 6098 and related legislation .

1. PARTIES

Payee:

• Name/Title: [Creditor Name]
• TR Identity Number / Tax Number: [XXXXXXXXXX]
• Address: [Creditor's Address]
• Phone: [XXXXXXXXX]
• Email: [XXXXXXXXX]

Debtor:

• Name/Title: [Debtor Name]
• TR Identity Number / Tax Number: [XXXXXXXXXX]
• Address: [Debtor's Address]
• Phone: [XXXXXXXXX]
• Email: [XXXXXXXXX]

The parties will hereinafter "Creditor" and "Debtor" .

2. SUBJECT OF THE AGREEMENT

The subject of this agreement is of the Debtor's debt to the Creditor in the amount of [X TL] , establishing a new payment schedule, and determining the mutual obligations of the parties.

The debt arose for the following reasons:

• Type of Debt: [For example, loan debt, debt for goods/services, trade debt, etc.]
• Debt Amount: [X TL]
• Original Debt Date: [Day/Month/Year]
• Reason for Restructuring: [Debtor's request, payment difficulties, mutual agreement, etc.]

3. DEBT RESTRUCTURING AND PAYMENT TERMS

The debt has been restructured by mutual agreement of the parties, and the new payment schedule has been determined as follows:

• Total Debt Amount: [X TL]
• Payment Start Date: [Day/Month/Year]
• Monthly/Periodic Payment Amount: [X TL]
• Number of Installments: [X]
• Due Date: [Day/Month/Year]
• Interest Rate (If any): [%X]

The debtor agrees and undertakes to pay the aforementioned installments within the specified period.

4. PROVISIONS ON DELAY AND DEFAULT

• the debtor is late on any installment by [X] days , the creditor may demand interest on the late payment.
• Late payment interest [%X] .
• If the debtor fails to pay [X] installments consecutively , the entire remaining debt becomes due and payable, and the Creditor has the right to demand the entire debt immediately.

5. GUARANTEES AND WARRANTY

To ensure that the debtor will repay the debt, the debtor provides the following guarantees:

• Guarantee: [Name, Turkish ID number, and address of guarantor, if any]
• Assets or Rights Used as Collateral: [Real estate, vehicle, bank guarantee letter, etc., if any]
• Promissory Note or Check: [Must be specified if applicable]

If the debtor fails to make the promised payments on time, the creditor may initiate the necessary legal proceedings to liquidate these securities.

6. RIGHTS AND OBLIGATIONS OF THE PARTIES

6.1 Debtor's Obligations

• Paying debt restructuring installments on time.
• If experiencing payment difficulties, contact the creditor to explore alternative solutions.
• To provide information regarding assets or income, if requested by the creditor.

6.2 Creditor's Obligations

• Regularly monitoring the debtor's payments.
• To promptly record payments made by the debtor and update the amount owed.
• Once the debt is fully paid, an official document will be issued certifying that the debt has been settled.

7. TERMINATION AND CANCELLATION OF THE AGREEMENT

7.1 Termination Upon Payment of Debt
This agreement shall be terminated if the debtor pays the entire restructured debt within the specified period.

7.2 Termination and Sanctions

• the debtor fails to pay the installments of the restructured debt consecutively [X] times , the Creditor has the right to demand the entire debt.
• If the debtor fails to fulfill their obligations, the creditor can initiate legal proceedings.

8. RESOLUTION OF DISPUTES

In the event of any disputes arising from this agreement, the parties shall first seek a solution through negotiation.
In the event that disputes cannot be resolved through negotiation between the parties, the [City] Courts and Enforcement Offices shall have jurisdiction.

9. FINAL PROVISIONS

• This agreement [X] copies and has been read and signed by the parties.
• The terms of this contract the Turkish Code of Obligations and relevant legislation .
• If either party changes their address, the other party must be notified in writing

CREDITOR
Name/Title: [Creditor Name]
Turkish Republic Identity Number / Tax Number: [XXXXXXXXX]
Signature: __________

DEBTOR
Name/Title: [Debtor Name]
Turkish Republic Identity Number / Tax Number: [XXXXXXXXX]
Signature: __________