FORBEARANCE AGREEMENTForbearance Agreement • January 8th, 2013 • School Specialty Inc • Wholesale-durable goods • New York
This FORBEARANCE AGREEMENT (this "Agreement"), is entered into as of January 4, 2013, by and among the lenders identified on the signature pages hereof (each of such lenders, together with its successors and permitted assigns, is referred to hereinafter as a "Lender", as that term is hereinafter further defined), WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, "Agent"), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, as syndication agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, "Syndication Agent"), WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company, and GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, in their respective capacities as co-collateral agents for the Lenders (in such capacities, together with their successors and assigns in such capac
FORBEARANCE AGREEMENTForbearance Agreement • January 8th, 2013 • School Specialty Inc • Wholesale-durable goods
This FORBEARANCE AGREEMENT TO CREDIT AGREEMENT (this “Forbearance Agreement”), dated as of January 4, 2013, is entered into by and among School Specialty, Inc. (the “Administrative Borrower”), Classroomdirect.com, LLC, Delta Education, LLC, Sportime, LLC, Childcraft Education Corp., Bird-in-Hand Woodworks, Inc., Califone International, Inc. and Premier Agendas, Inc. (collectively, the “Subsidiary Borrowers” and, together with the Administrative Borrower, the “Borrowers”), the guarantors party hereto, the Lenders party hereto (the “Participant Lenders”), and Bayside Finance, LLC, as administrative agent for itself and all other Lenders (in such capacity, together with its successors and assigns, the “Administrative Agent”), and its separate capacity as collateral agent for itself and all other Lenders (in such capacity, together with its successors and assigns, the “Collateral Agent” and, collectively with the Administrative Agent, the “Agent”) and is made in reference to that certain C
