Forbearance; Direction Sample Clauses

Forbearance; Direction. (A) The Borrower hereby requests that, during the Forbearance Period (as defined below), the Required Lenders and the Agents forbear from exercising all rights and remedies with respect to the Specified Defaults under the Loan Documents, applicable law or otherwise. (B) Except as expressly provided in Section 1.4 hereof, the Required Lenders agree to forbear, during the Forbearance Period, from exercising or enforcing any right or remedy available to them under the Loan Documents, on account of, or arising as a result of, the Specified Defaults. (C) The Required Lenders hereby request and direct that, during the Forbearance Period, the Agents forbear from exercising all of their rights and remedies with respect to the Specified Defaults under the Loan Documents, applicable law or otherwise. (D) Except as expressly provided in Section 1.4 hereof, the Agents, in accordance with Section 1.1(C) above and acting on the direction of the Required Lenders, agree to forbear, during the Forbearance Period, from exercising or enforcing any right or remedy available to them under the Loan Documents, applicable law or otherwise, on account of, or arising as a result of, the Specified Defaults. (E) Nothing in this Agreement shall be construed to be a waiver of the Specified Defaults (other than as expressly provided in Section 2.1). The Specified Defaults (other than as expressly provided in Section 2.1) shall continue in existence, subject only to the Required Lenders’ and the Agents’ agreement, as set forth in this Agreement, not to enforce or exercise rights, powers or remedies based upon or in connection with the Specified Defaults prior to the Forbearance Termination Date. The Required Lenders and the Agents expressly reserve any and all of their rights and remedies with respect to collection of the Obligations under the Loan Documents, and applicable law, in each case except as expressly limited herein.