Forbearance Period means the period beginning on the date hereof and ending on the earliest to occur of (any such occurrence being a "Termination Event"):
Forbearance Period means the period commencing on the Effective Date and continuing through and including the Termination Date, unless earlier terminated pursuant to the terms and provisions of this Agreement.
Examples of Forbearance Period in a sentence
During the Forbearance Period, interest as provided in the Existing Note will continue to accrue and be payable, as provided therein.
Upon the occurrence of a Forbearance Termination Event, the Forbearance Period shall expire automatically, immediately, and without notice, and Lender shall immediately have the right to exercise all rights and remedies available to it under this Agreement and or the Transaction Documents at law or in equity.
More Definitions of Forbearance Period
Forbearance Period shall have the meaning set forth in Section 3.2(a) hereof.
Forbearance Period means the period commencing on the date hereof and ending on the date which is the earliest of (i) February 28, 2010; (ii) the occurrence or existence of any Event of Default, other than the Existing Defaults and the Anticipated Defaults; or (iii) the occurrence of any Termination Event.
Forbearance Period means the period of time beginning upon the Effective Date and ending upon the termination of the Forbearance Period in accordance with this Section 2.1. The Required Holders may, at any time, in their sole and absolute discretion, with or without cause, with or without any change in circumstances, and with or without any prior notice or discussion, deliver a written notice to the Company in accordance with Section 18 of the Note Purchase Agreement and Section 4.2 of this Forbearance Agreement electing to terminate the Forbearance Period, which notice shall, notwithstanding Section 18, be effective as specified in Section 4.2 hereof. Notwithstanding the foregoing, the Forbearance Period will immediately and automatically terminate without notice to the Company if (i) the Company or any Consolidated Subsidiary files a petition for relief, reorganization or arrangement or any other petition in bankruptcy, for liquidation, or to take advantage of any bankruptcy, insolvency, reorganization, moratorium or other similar law of any jurisdiction, or if any such petition is involuntarily filed against the Company or any Consolidated Subsidiary, or any other event of the types described in Sections 11(g) (excluding for all purposes Section 11(g)(1)) and 11(h) (without giving effect to the 60-day period described in Section 11(h)) of the Note Purchase Agreement (each such event described or referenced in this clause (i) being an “Insolvency Event” and any related proceeding being an “Insolvency Proceeding”) shall occur with respect to the Company or any Consolidated Subsidiary, (ii) an acceleration occurs or has occurred under the Credit Agreement, dated as of May 16, 2007, as amended to the date hereof (the “Credit Agreement”), among the Company, the several banks and other financial institutions from time to time parties to the Credit Agreement and Wachovia Bank, National Association, as administrative agent, (iii) an acceleration occurs or has occurred under the Indenture, dated as of April 26, 2007, as amended to the date hereof among the Company and Wilmington Trust Company, as trustee (the “Indenture”), (iv) the Credit Agreement or the Indenture is amended or modified in any material respect, or any guaranties, liens or other direct or indirect credit support of any kind is granted in favor of the lenders under the Credit Agreement or the noteholders under the Indenture, (v) a judgment involving an aggregate liability of $15 million or more is entered against t...
Forbearance Period means the period commencing on (and including) the Effective Date (as defined below) and ending on the Forbearance Termination Date.
Forbearance Period means the period beginning on the date of the occurrence of any Event of Default that may exist on the date hereof or may occur after the date hereof (in each case, other than a Forbearance Default) and prior to the Forbearance Termination Date and ending on the Forbearance Termination Date.
Forbearance Period shall commence on the Forbearance Effective Date (as defined below) and shall terminate immediately and automatically upon the earlier to occur of (i) 5:00 p.m., New York City time, on August 15, 2018 (the “Outside Date”) and (ii) the occurrence of a Forbearance Termination Event (as defined below).
Forbearance Period means the period beginning on the Forbearance Effective Date and ending on the earlier to occur of (the occurrence of clause (i), (ii), (iii) or (iv) below, a “Termination Event”): (i) the occurrence of any Event of Default under subsections 6.01(9) or 6.01(10) of the First Lien Indenture (a “Bankruptcy Default”), (ii) 24 hours after the time at which the Noteholders deliver to the Issuer a notice terminating the Forbearance Period, which notice may be delivered at any time upon or after the occurrence of any Forbearance Default (as hereinafter defined) other than a Bankruptcy Default, and which notice shall be delivered via email to the Issuer and its counsel at xxxxxx@xxxxx.xxx, xxx.xxx@xxxxxxxxx.xxx, xxxxxxxx@xxxxxxxxxxxx.xxx and xxxxxxxxx@xxxxxxxxxxx.xxx, (iii) March 16, 2015, or (iv) February 2, 2015, unless (only with respect to this part (iv)) the Issuer shall have paid the Forbearance Payments (as defined below) on such date. As used herein, the term “Forbearance Default” shall mean (A) the occurrence of any Event of Default other than the Specified Defaults, (B) the failure of Issuer or any other Credit Party to comply timely with any term, condition, or covenant set forth in this Agreement on the specific dates (if any) set forth in this Agreement, (C) the failure of any representation or warranty made by Issuer or any other Credit Party under or in connection with this Agreement to be true and complete as of the date when made or any other breach of any such representation or warranty, (D) the repudiation and/or assertion of any defense by any Credit Party with respect to this Agreement or any First Lien Document or the pursuit of any claim by any Credit Party against the Trustee, any Noteholder or any Releasee (as hereinafter defined) or (E) the termination or expiration of any other forbearance granted by another creditor of the Credit Parties. Any Forbearance Default shall constitute an immediate Event of Default under the First Lien Indenture and other First Lien Documents.