Examples of Forbearance Agreement in a sentence
Colburn testified that defendants have now defaulted under the Forbearance Agreement and Security Agreement, leaving a debt of $113,400.49, plus interest and costs of collection.3 (Colburn Affid.¶ 7).
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.
The Companies are party to that certain Forbearance Agreement, dated as of April 10, 2020 (the “ First Forbearance Agreement ”), with certain buyer parties listed on Schedule 1 thereto (the “ First Forbearance Counterparties ”), and the forbearance period under the First Forbearance Agreement is scheduled to end on April 27, 2020.
The Forbearance Agreement set up a repayment schedule for the debt.