Modification of Certain Reporting Requirements. The Lender may in its sole discretion from time to time instruct the Company not to deliver to the Lender the cash budgets contemplated in Section 7.11 of the Loan Agreement or the written reports contemplated in Section 7.21 of the Loan Agreement. The Company shall comply with any such instruction received from the Lender until such time as instructed to the contrary by the Lender. The Company’s compliance with this Section 2.3 shall constitute compliance with Sections 7.11 and 7.21 of the Loan Agreement and the Company’s failure to comply with this Section 2.3 shall constitute an Event of Default.
Appears in 5 contracts
Samples: Fourth Amended Forbearance Agreement (Wornick CO), Third Amended Forbearance Agreement (Wornick CO), Forbearance Agreement (Wornick CO)
Modification of Certain Reporting Requirements. The Lender may in its sole discretion from time to time instruct the Company not to deliver to the Lender the cash budgets contemplated in Section 7.11 of the Loan Agreement or the written reports contemplated in Section 7.21 of the Loan Agreement. The Company shall comply with any such instruction received from the Lender until such time as instructed to the contrary by the Lender. The Company’s compliance with this Section 2.3 2.2 shall constitute compliance with Sections 7.11 and 7.21 of the Loan Agreement and the Company’s failure to comply with this Section 2.3 2.2 shall constitute an Event of Default. Pursuant to the foregoing, the Lender hereby instructs the Company not to deliver to the Lender the written report contemplated in Section 7.21 of the Loan Agreement with respect to the January 15, 2008 scheduled interest payment.
Appears in 2 contracts
Samples: Forbearance Agreement (Wornick CO), Sixth Amended Forbearance Agreement (Wornick CO)
Modification of Certain Reporting Requirements. The Lender may in its sole discretion from time Until instructed to time instruct the contrary by the Lender, the Company shall not to deliver to the Lender the cash budgets contemplated in Section 7.11 of the Loan Agreement or the written reports contemplated in Section 7.21 of the Loan Agreement. The Company shall comply with any such instruction received from the Lender until such time as instructed to the contrary by the Lender. The Company’s compliance with this Section 2.3 shall constitute compliance with Sections 7.11 and 7.21 of the Loan Agreement and the Company’s failure to comply with this Section 2.3 shall constitute an Event of Default.
Appears in 1 contract
Samples: Forbearance Agreement (Wornick CO)
