Forbearance Period definition

Forbearance Period means the period beginning on the date hereof and ending on the Forbearance Termination Date.

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Forbearance Period means the period commencing on the Effective Date and ending on the date which is the earliest of (i) forty-five (45) days from the date hereof; (ii) at the election of the Requisite Lenders, the occurrence or existence of any Event of Default, other than the Specified Default; or (iii) the occurrence of any Termination Event.

Forbearance Period shall have the meaning set forth in Section 3.2(a) hereof.

Examples of Forbearance Period in a sentence

During the Forbearance Period, each Forbearing Lender (severally and not jointly) agrees that it (individually or collectively) will not deliver any notice or instruction to the Administrative Agent directing the Administrative Agent to exercise any of the rights and remedies under the Credit Agreement, the other Loan Documents or applicable law with respect to the Payment Events of Default, or any consent to any such exercise of rights and remedies.
The Forbearing Lenders’ and the Administrative Agent’s agreement to forbear from exercising (and to waive temporarily) certain of their rights and remedies with respect to the Payment Events of Default during the Forbearance Period does not in any manner whatsoever limit any Forbearing Lender’s or the Administrative Agent’s right to insist upon strict compliance with the Credit Agreement (except to the extent expressly set forth herein).
The forbearance set forth in this Agreement shall commence on January 13, 2026 (the “Forbearance Effective Date”) and continue until the earlier of (a) January 23, 2026 (the “Scheduled Termination Date”) and (b) the date on which the Forbearance Period is terminated pursuant to Section 2.01 below (the earlier of (a) and (b), the “Termination Date” and the period commencing on the Forbearance Effective Date and ending on the Termination Date, the “Forbearance Period”).
During the Forbearance Period, the Borrower shall not be required to deliver notice to the Lenders and/or the Agent of any Missed RCF Interest Payment or Missed Agency and Unutilized Fee Payment.
The Forbearing Lenders’ and the Agent’s agreement to forbear from exercising (and to waive temporarily) certain of their rights and remedies with respect to the Specified Defaults during the Forbearance Period does not in any manner whatsoever limit any Forbearing ▇▇▇▇▇▇’s or the Agent’s right to insist upon strict compliance with the Letter of Credit Facility Agreement and the other Loan Documents (except to the extent expressly set forth herein).

More Definitions of Forbearance Period

Forbearance Period means the period commencing at the time when all conditions to the effectiveness of this Agreement have been satisfied and ending on the earlier to occur of (i) a Forbearance Default and (ii) the Forbearance Termination Date.

Forbearance Period means the period beginning on the date hereof and ending on the earliest to occur of (any such occurrence being a "Termination Event"):

Forbearance Period means the period of time beginning upon the Effective Date and ending upon the termination of the Forbearance Period in accordance with this Section 2.1. The Required Holders may, at any time, in their sole and absolute discretion, with or without cause, with or without any change in circumstances, and with or without any prior notice or discussion, deliver a written notice to the Company in accordance with Section 18 of the Note Purchase Agreement and Section 4.2 of this Forbearance Agreement electing to terminate the Forbearance Period, which notice shall, notwithstanding Section 18, be effective as specified in Section 4.2 hereof. Notwithstanding the foregoing, the Forbearance Period will immediately and automatically terminate without notice to the Company if (i) the Company or any Consolidated Subsidiary files a petition for relief, reorganization or arrangement or any other petition in bankruptcy, for liquidation, or to take advantage of any bankruptcy, insolvency, reorganization, moratorium or other similar law of any jurisdiction, or if any such petition is involuntarily filed against the Company or any Consolidated Subsidiary, or any other event of the types described in Sections 11(g) (excluding for all purposes Section 11(g)(1)) and 11(h) (without giving effect to the 60-day period described in Section 11(h)) of the Note Purchase Agreement (each such event described or referenced in this clause (i) being an “Insolvency Event” and any related proceeding being an “Insolvency Proceeding”) shall occur with respect to the Company or any Consolidated Subsidiary, (ii) an acceleration occurs or has occurred under the Credit Agreement, dated as of May 16, 2007, as amended to the date hereof (the “Credit Agreement”), among the Company, the several banks and other financial institutions from time to time parties to the Credit Agreement and Wachovia Bank, National Association, as administrative agent, (iii) an acceleration occurs or has occurred under the Indenture, dated as of April 26, 2007, as amended to the date hereof among the Company and Wilmington Trust Company, as trustee (the “Indenture”), (iv) the Credit Agreement or the Indenture is amended or modified in any material respect, or any guaranties, liens or other direct or indirect credit support of any kind is granted in favor of the lenders under the Credit Agreement or the noteholders under the Indenture, (v) a judgment involving an aggregate liability of $15 million or more is entered against t...

Forbearance Period has the meaning specified in Section 2.02.

Forbearance Period shall commence on the Forbearance Effective Date (as defined below) and shall terminate immediately and automatically upon the earlier to occur of (i) 5:00 p.m., New York City time, on August 15, 2018 (the “Outside Date”) and (ii) the occurrence of a Forbearance Termination Event (as defined below).

Forbearance Period means the period commencing on the Forbearance Effective Date and ending on the Forbearance Termination Date.

Forbearance Period means the period commencing on the Effective Date and ending on the earlier of (x) November 8, 2002 and (y) the date the Forbearance Period is terminated upon the occurrence of any of the events described in Section 5.6 (the "Termination Date").