Forbearance Term definition

Forbearance Term means the period commencing upon the effectiveness of this Agreement and continuing until the earliest to occur of: (x) any Default or Event of Default under any of the Loan Documents (other than the Known Existing Default) or (y) February 29, 2008.

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Forbearance Term has the meaning given in Section 2.

Forbearance Term means the period commencing upon the effectiveness of this Amendment and continuing until the earliest to occur of: (i) the institution of any actions or exercising of any remedies by G▇▇▇▇▇▇ or Agfa with respect to any Credit Party or any of their respective assets or properties or issuance of any notice by G▇▇▇▇▇▇ or Agfa of its intention to do so, (ii) if G▇▇▇▇▇▇ shall refuse to enter into the G▇▇▇▇▇▇ Amendment or require that the applicable Credit Parties enter into an amendment to the G▇▇▇▇▇▇ Purchase Agreement that is not on terms satisfactory to Agent, or (iii) any other Default or Event of Default under any of the Loan Documents, and (iv) July 31, 2006.

Examples of Forbearance Term in a sentence

Nothing contained herein shall be deemed to obligate Lender to enter into any other forbearance agreements, to extend to Forbearance Term or to waive any Events of Default.
The transferee of any Class A Units pursuant to such Disposition shall be (x) an Institutional Investor or a Person whose obligations under this Agreement are guaranteed by an Institutional Investor and (y) prior to the expiration of the Forbearance Term (as defined in the Forbearance Agreement), an Approved Investor.
As used herein, “Forbearance Term” shall mean the period commencing upon the effectiveness of this Agreement and continuing until the earliest to occur of: (x) any Default or Event of Default under any of the Loan Documents (other than the Known Defaults or any Event of Default arising from a failure to comply with the provisions of Sections 6.14, 6.15 or 6.27 of the Credit Agreement which occurs during the Forbearance Term) or (y) March 31, 2005.
Lender hereby agrees to forbear from exercising the rights and remedies available to it as a result of the Defaults, during the forbearance term (the "Forbearance Term") which shall expire on the earlier of (a) the occurrence of any Event of Default (other than the Defaults) under the Loan Documents, (b) a breach of any of Borrowers' obligations or covenants under the Forbearance Documents, or (c) July 21, 2010.
Beginning July 1, 2014, and on the first day of each subsequent month thereafter until the end of the Forbearance Term, Assured shall make payments to H.D. ▇▇▇▇▇ pursuant to the Note, and shall make minimum purchases in a pre-pay basis in the amount of $500,000.00 per month.
During the Forbearance Term the Borrower shall not make, and the holders of Subordinated Indebtedness shall not receive or retain, any payments on account of such Subordinated Indebtedness.
During the period commencing as of the date of the Term Sheet and continuing throughout the entire Forbearance Term, interest shall accrue and be paid on the Advances Outstanding owed to each Lender at the rates applicable to such Lender and on the applicable dates under the LFSA prior to the occurrence of a Termination Event.
Lender hereby agrees to forbear from exercising the rights and remedies available to it as a result of the Defaults, during the forbearance term (the "Forbearance Term") which shall expire on the earlier of (a) the occurrence of any Event of Default (other than the Defaults) under any of the Documents, or (b) October 31, 2010.
Solely during the Forbearance Term, the Borrower Parties’ failure to comply with Sections 7.25(g), 9.1(f), (g), (h), (k), and (m), and Sections 5.1(m), 5.1(bb), and 5.1(cc) of the LFSA shall not give rise to the occurrence of a Forbearance Termination Event, Termination Event or Servicer Termination Event, as applicable.
For the Forbearance Term (as defined below), neither Agent nor any Lender shall take any action or commence any proceedings with respect to the enforcement of any of its rights or remedies under the Loan Documents as a result of the Known Existing Defaults; provided, however, Agent and the Lenders reserve the right to implement the default rate of interest with respect to the Obligations as provided for in Section 2.6(c) of the Loan Agreement.

More Definitions of Forbearance Term

Forbearance Term means the period commencing upon the effectiveness of this Agreement and continuing until the earliest of: (i) the occurrence of any Default or Event of Default under any of the Loan Documents other than the Known Existing Defaults or any breach of any of the provisions of this Agreement or the Consent; (ii) the failure of the Borrowers to deliver to Agent the 2003 Financial Statements on or before December 31, 2003; (iii) the failure of Parent to deliver to Agent, on or before January 31, 2004, evidence, in form and substance satisfactory to Agent that the applicable Borrowers have properly submitted all required requests for consent from the applicable Governmental Authorities with respect to the sale of the transfer of the FBOs contemplated by an Acquisition; (iv) in the event the Stock Purchase Agreement (as defined in the Consent) is terminated by either party thereto in accordance with the terms thereof, the date that is thirty (30) days after the date of such termination unless a replacement Acquisition Agreement (as defined in the Consent), on terms reasonably satisfactory to Agent and the Lenders (including conformity with the provisions of the Consent) is entered into by Parent on or before the date that is thirty (30) days after the date of such termination; (v) the reasonable determination by Agent that an Acquisition cannot be consummated in compliance with the terms set forth in the Consent on or before March 31, 2004; or (vi) March 31,

Forbearance Term means the period commencing upon the date hereof and continuing until the earliest to occur of: (x) any Forbearance Termination Event, or (y) February 28, 2011.