Common use of Further Acknowledgments Clause in Contracts

Further Acknowledgments. (a) The Loan Parties understand and accept the temporary nature of the Forbearance provided hereby and that the Supporting Lenders and the Agent have given no assurances that they will extend such Forbearance or provide further waivers or amendments to any Credit Document, and any decision to grant any future forbearance or any waiver of any Default or Event of Default (whether now existing, arising in the future or known or unknown) shall be in the sole discretion of the Required Supporting Lenders or Lenders, as applicable. (b) Nothing in this Agreement constitutes a legal obligation to participate in any Potential Transaction or to execute any related documents and no such legal obligation shall arise except pursuant to mutually agreeable executed definitive documentation.