Specified Defaults. It is understood and agreed by the Parent, the Borrower and TDC Energy LLC, a Louisiana limited liability company (“Guarantor”), that, notwithstanding Section 1(a) above, the Specified Defaults constitute one or more Defaults and Events of Default for all purposes of the Loan Documents.
Appears in 2 contracts
Sources: Forbearance Agreement (Petroquest Energy Inc), Forbearance Agreement (Petroquest Energy Inc)