ART. 2ND
They moreover grant, for the payment of the principal of their said claims, a delay of four years to be computed from and after the... in eight equal consecutive and semiannual instalments, counting from the same date.
They will, in consequence, be precluded from taking against Mr. A......, during the terms of payment above stipulated, any
judicial suits or proceedings for the recovery
of their said claims, except in the event of his failing to pay any of the said instalments when due, or in the case of his being sued for the recovery of a liability incurred subsequently to these presents ; in which cases all balances then remaining unpaid on said claims will immediately become due and payable. à
All and any seizures heretofore taken against Mr, A... by any of his said creditors, are hereby declared, in consideration of these presents, to have become null and void ; the costs thereon to be paid out of the debtor’s most available assets,