Common use of Forbearance Clause in Contracts

Forbearance. During the Forbearance Period, the Lender agrees that it will not take any further action against the Borrower or exercise or move to enforce any other rights or remedies provided for in the Loan Documents or otherwise available to it, at law or in equity, by virtue of the occurrence and/or continuation of any default or Event of Default under the Notes existing on the date hereof, including any default relating to the Borrower’s failure to maintain the effectiveness of any registration statement (the “Existing Defaults”), or take any action against any property in which the Borrower has any interest.

Appears in 15 contracts

Samples: NaturalNano, Inc., NaturalNano, Inc., NaturalNano, Inc.

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Forbearance. During the Forbearance Period, the Lender agrees that it will not take any further action against the Borrower or exercise or move to enforce any other rights or remedies provided for in the Loan Documents or otherwise available to it, at law or in equity, by virtue of the occurrence and/or continuation of any default or Event of Default under the Notes existing on the date hereof, including any default relating to the Borrower’s 's failure to maintain the effectiveness of any registration statement (the "Existing Defaults"), or take any action against any property in which the Borrower has any interest.. Effective May 20, 2009

Appears in 3 contracts

Samples: Platinum Advisors LLC (NaturalNano , Inc.), NaturalNano , Inc., NaturalNano , Inc.

Forbearance. During the Forbearance Period, the Lender agrees that it will not take any further action against the Borrower or exercise or move to enforce any other rights or remedies provided for in the Loan Documents or otherwise available to it, at law or in equity, by virtue of the occurrence and/or continuation of any default or Event of Default under the Notes existing on the date hereof, including any default relating to the Borrower’s 's failure to maintain the effectiveness of any registration statement (the "Existing Defaults"), or take any action against any property in which the Borrower has any interest.

Appears in 2 contracts

Samples: Special (NaturalNano , Inc.), NaturalNano, Inc.

Forbearance. During the Forbearance Period, the Lender agrees that it will not take any further action against the Borrower or exercise or move to enforce any other rights or remedies provided for in the Loan Documents or otherwise available to it, at law or in equity, by virtue of the occurrence and/or continuation of any default or Event of Default under the Notes Note existing on the date hereof, ; including any default relating to the Borrower’s 's failure to maintain the effectiveness of any registration statement (the 'Existing Defaults"), or take any action against any property in which the Borrower has any interest.

Appears in 1 contract

Samples: NaturalNano , Inc.

Forbearance. During the Forbearance Period, the Lender agrees that it will not take any further action against the Borrower or exercise or move to enforce any other rights or remedies provided for in the Loan Documents or otherwise available to it, at law law' or in equity, by virtue of the occurrence and/or continuation of any default or Event of Default under the Notes existing on the date hereof, including any default relating to the Borrower’s 's failure to maintain the effectiveness of any registration statement (the “Existing Defaults”), or take any action against any property in which the Borrower has any interest.

Appears in 1 contract

Samples: NaturalNano, Inc.

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Forbearance. During the Forbearance Period, the Lender agrees that it will not take any further action against the Borrower or exercise or move to enforce any other rights or remedies provided for in the Loan Documents or otherwise available to it, at law or in equity, by virtue of the occurrence and/or continuation of any default or Event of Default under the Notes existing on the date hereof, including any default relating to the Borrower’s failure to maintain the effectiveness of any registration statement hereof (the “Existing Defaults”), ) or take any action against any property in which the Borrower has any interest.

Appears in 1 contract

Samples: NaturalNano , Inc.

Forbearance. During the Forbearance Period, the Lender agrees that it will not take any further action against the Borrower or exercise or move to enforce any other rights or remedies provided for in the Loan Documents or otherwise available to itft, at law or in equity, by virtue of the occurrence and/or continuation of any default or Event of Default under the Notes existing on the date hereof, including any default relating to the Borrower’s 's failure to maintain the effectiveness of any registration statement (the "Existing Defaults"), or take any action against any property in which the Borrower has any interest.

Appears in 1 contract

Samples: NaturalNano , Inc.

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