First Forbearance Agreement definition

First Forbearance Agreement means that certain Forbearance Agreement dated as of July 2, 2009.
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First Forbearance Agreement means the Forbearance Agreement dated April 9, 2021, as amended by the First Amendment, Second Amendment, Third Amendment, Fourth Amendment, Fifth Amendment, Sixth Amendment, Seventh Amendment, Eighth Amendment, Ninth Amendment, the Tenth Amendment, and the Eleventh Amendment. Xxxxxxxx subsequently requested that Agent and Lenders Waive the Specified Events of Default and amend certain other terms and conditions of the Credit Agreement. The Agent and Lenders were willing to do so on the terms and conditions of a Waiver and Ninth Amendment to Credit Agreement dated November 7, 2022 (the “Ninth Amendment to Credit Agreement”). Xxxxxxxx subsequently requested that the Agent and Lenders Extend the Repayment Date set forth in Section 7A of the Credit Agreement. The Agent and Lenders were willing to do so on the terms and conditions set forth in a Tenth Amendment to Credit Agreement dated February 3, 2023 (the “Tenth Amendment to Credit Agreement”). Obligors have again defaulted under the terms and conditions of the Credit Agreement in that the Repayment Date has passed and the Obligors have not repaid the Loans as required by Section 7A of the Credit Agreement (the “Third Specified Event of Default”). Specific enumeration of the aforesaid Third Specified Event of Default shall not be interpreted as a waiver of any other Default or Event of Default that may exist under the Loan Documents. As a result of the Third Specified Event of Default the Agent is entitled to exercise its rights and remedies under the Loan Documents, including but not limited to, accelerating the due date of each of the Loans, commencing litigation against the Guarantors to collect the Loans, or exercising its rights with respect to any security for repayment of the Loans. The Obligors have requested that the Agent and Lenders forbear on the basis set forth herein from exercising their rights as a result of the Third Specified Event of Default in order to permit the Obligors time to arrange for addressing the Third Specified Event of Default. Agent and Lenders are willing to continue to forbear from exercising their rights and remedies for the Forbearance Period (hereinafter defined), except as otherwise provided herein, and on the terms and conditions specified herein.
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First Forbearance Agreement has the meaning set out in the recitals hereto;
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Examples of First Forbearance Agreement in a sentence

  • Based on the terms of the First Forbearance Agreement, the senior lenders agreed to, among other things, forbear from exercising their default-related rights and remedies under the senior credit facility against Simmons Bedding through December 10, 2008, provided that Simmons Bedding satisfied certain conditions.

  • Under the First Forbearance Agreement, the Lender’s agreement to forbear in the exercise of its rights and remedies under the Loan Documents, at law, and in equity based on the Specified Events of Default expired pursuant to its terms at 5:00 p.m. prevailing Eastern Time on August 18, 2019.

  • It is specifically denied that the First Forbearance Agreement is a valid contract capable of binding Innovative as it was not executed, or authorized by an officer of Innovative.

  • As amended by this Agreement, all the terms, covenants, conditions and warranties of the Credit Agreement and other Loan Documents, including the First Forbearance Agreement and this Agreement, shall continue in full force and effect.

  • Thereafter, TotalBank assigned the mortgage and all loan documents, including the First Forbearance Agreement, to SHEDDF2-FL3, LLC (“Lender”).In 2017, the Lender initiated an action against the Borrowers, seeking to foreclose the mortgage and asserting that the Borrowers were in breach of the First Forbearance Agreement.

  • Pursuant and subject to the terms of the First Forbearance Agreement and the Security and Collateral Agency Agreement, the Companies granted a security interest in the Collateral (as defined in the First Forbearance Agreement) to the Collateral Agent and its successors and assigns, for the benefit of the First Forbearance Counterparties in accordance with their respective Pro Rata Realized Losses.

  • Let the people decide! In fact, the "people" in the first stage of a territory had no right whatsoever to govern themselves, and had absolutely no mechanism for keeping slave-owners out, unless they resorted to terrorism.

  • Moreover, the First Forbearance Agreement is invalid as it was fraudulently induced, and void ab initio for lack of consideration.

  • On 10 October 2018, a forbearance agreement was entered into between the Company, TLAA, TLAA2, Legacy, TLA Americas, Legacy New York, the Australian Sale Companies and SunTrust (the "First Forbearance Agreement") in connection with the Credit Agreement.

  • For the avoidance of doubt, Borrower's delivery of a collateral questionnaire in accordance with the terms of this Section will be deemed to satisfy Borrower's obligations under Section 4.6 of the First Forbearance Agreement.

Related to First Forbearance Agreement

  • Forbearance Agreement means the forbearance agreement entered into by Granite Co. prior to the implementation of the 2011 Arrangement.

  • Waiver Agreement means an agreement between

  • Reaffirmation Agreement means that certain Reaffirmation Agreement, dated as of the date hereof, between the Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent and the Lenders and the other holders of the Secured Obligations.

  • Restatement Agreement means the Restatement Agreement to the Existing Credit Agreement dated as of June 30, 2017 by and among each of the Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

  • Amendment and Restatement Agreement means the Amendment and Restatement Agreement, dated as of January 29, 2016, among the Borrowers, the Lenders party thereto and the Administrative Agent.

  • Amendment Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Letter Agreement has the meaning set forth in the Recitals.

  • Consent Agreement means this Consent Agreement, duly signed and concluded between the Commission and the Respondent, as contemplated in section 40(1) of the Act.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Severance Agreement means the Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • Payment Agreement means a written agreement which provides

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Reimbursement Agreement as defined in Section 2.8(b).

  • Reservation agreement means a written contract entered into between MBOH and the taxpayer to provide for a Reservation and setting forth the terms and conditions under which the taxpayer may obtain a Carryover Commitment or Final Allocation.

  • Loan Modification Agreement means a Loan Modification Agreement, in form reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.

  • Second Amended and Restated Credit Agreement shall have the meaning assigned to such term in the recitals of this Agreement.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures, contained in Annex 1A to the WTO Agreement;

  • Novation Agreement means a legal instrument—

  • Extension Agreement shall have the meaning provided in Section 2.15(c).

  • Lien Waiver Agreement means an agreement which is executed in favor of Agent by a Person who owns or occupies premises at which any Collateral may be located from time to time and by which such Person shall waive any Lien that such Person may ever have with respect to any of the Collateral and shall authorize Agent from time to time to enter upon the premises to inspect or remove the Collateral from such premises or to use such premises to store or dispose of such Inventory.

  • Foundation Agreement means the agreement dated the 20th February 1985 made between the Trustee, the Manager, Xxxxxxxx, Genting WA and Tileska providing for the subscription of Units and Options;

  • Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 J], dated as of March 18, 1998, between Lessee and Lessor, as the same may be amended, supplemented or modified from time to time, with a form of Consent and Agreement to be executed by the Manufacturer attached thereto.

  • the First Variation Agreement means the agreement a copy of which is set forth in the Second Schedule;

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • Accommodation Agreement means the agreement between the Student, the School, the Parents, which governs the Student’s accommodation arrangements. Act means the Education Act 1989. Agreement means this Agreement including any schedules. Application Form means the standard enrolment form which forms the cover page of this Agreement. Code means the Education (Pastoral Care of International Students) Code of Practice 2016.

  • Main Agreement means the part of this Agreement that commences on the first page and ends with but includes Schedule A, excluding Section 3(d) (which incorporates this Schedule C into the Agreement).