Common use of Note Forgiveness Clause in Contracts

Note Forgiveness. Unless the Maker of the Loan hereunder is either of the Company or any Guarantor, the Holder may not forgive any amounts owing under this intercompany note.

Appears in 1 contract

Sources: Exhibit (Salem Communications Corp /De/)

Note Forgiveness. Unless the Maker of the Loan ---------------- hereunder is either of the Company or any Guarantor, the Holder may not forgive any amounts owing under this intercompany note.

Appears in 1 contract

Sources: Exhibit (Salem Communications Corp /De/)