Common use of Additional Agreements During Forbearance Period Clause in Contracts

Additional Agreements During Forbearance Period. The Makers hereby agree to not make or cause to be made, without the prior written consent of a majority in interest of the Forbearing Holders, any special payments, success payments or fees, bonuses or any similar payments to any consultants, financial advisors, investment bankers, attorneys, accountants or other advisors or professionals during the Forbearance Period. For the avoidance of doubt, this Section 3 shall not prohibit the payment of any regular, standard or hourly fees to any advisors to the Company. Any default under Section 3 of this Agreement shall constitute a Termination Event under this Agreement.

Appears in 4 contracts

Samples: Ninth Forbearance Agreement (American Homepatient Inc), Seventh Forbearance Agreement (American Homepatient Inc), Eighth Forbearance Agreement (American Homepatient Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!