Common use of No Further Commitment Clause in Contracts

No Further Commitment. Without limiting the foregoing, each of the Borrowers expressly acknowledges that (i) the Bank has not made and is not making any commitment for, and that there is no understanding, explicit or implicit, relating to, or affecting, financing for any time beyond the end of the Forbearance Period, and (ii) the Bank has made no commitment with respect to, and there is no understanding, explicit or implicit, relating to or affecting the terms of any further restructure or workout of the Loans other than as expressly provided in this Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Display Technologies Inc), Loan and Security Agreement (Display Technologies Inc), Joinder and Forbearance Agreement (Display Technologies Inc)

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No Further Commitment. Without limiting the foregoing, each of the Borrowers Borrower expressly acknowledges that (i) the Bank has not made and is not making any commitment for, and that there is no understanding, explicit or implicit, relating to, or affecting, financing for any time beyond the end of the Forbearance Period, and (ii) the Bank has made no commitment with respect to, and there is no understanding, explicit or implicit, relating to or affecting the terms of any further restructure or workout of the Loans other than as expressly provided in this Agreement.

Appears in 1 contract

Samples: Form of Forbearance Agreement (Display Technologies Inc)

No Further Commitment. Without limiting the foregoing, each Each of the Borrowers expressly acknowledges that (i) the Bank has not made and is not making any commitment for, and that there is no understanding, explicit or implicit, relating to, or affecting, financing for any time beyond financing, except as expressly set forth herein and in the end of the Forbearance PeriodLoan Agreements, and (ii) the Bank has made no commitment with respect to, and there is no understanding, explicit or implicit, relating to or affecting the terms of any further restructure or workout of the Loans Ad Art Obligations or the Remaining Businesses Obligations other than as expressly provided in this AgreementAgreement and the Loan Agreements.

Appears in 1 contract

Samples: Restructuring Agreement (Display Technologies Inc)

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No Further Commitment. Without limiting the foregoing, each of the Borrowers expressly acknowledges that (i) the Bank has not made and is not making any commitment for, and that there is no understanding, explicit or implicit, relating to, or affecting, financing for any time beyond the end of the Forbearance Period, and (ii) the Bank has made no commitment with respect to, and there is no understanding, explicit or implicit, relating to or affecting the terms of any further restructure or workout of the Loans other than as expressly provided in the Forbearance Agreement, as amended by this AgreementAmendment.

Appears in 1 contract

Samples: Joinder and Forbearance Agreement (Display Technologies Inc)

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