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.
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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,
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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.

  • 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. Xxxxx pursuant to the Note, and shall make minimum purchases in a pre-pay basis in the amount of $500,000.00 per month.

  • 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.

  • Locations in the United States where Additional Grantors own, lease, or occupy any real property Exhibit E WEEK-END COLLATERAL REPORT AND BORROWING CERTIFICATE (Refer to Attachment 1 for definitions of terms) Note: Items denoted by an “*” are not included in the calculation of the Borrowing Base for purposes of determining eligibility for Limited Revolving Loans during the Forbearance Term.

  • 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) August 21, 2010.

  • 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.

  • If Assured satisfies the Conditions Precedent set forth in paragraph 3 above, H.D. Xxxxx will: (1) continue to sell products to Assured on a pre-pay basis, and (2) forbear from accelerating the Note and initiating collection proceedings during the Forbearance Term.

  • Agent and Lenders hereby agree to forbear from exercising the rights and remedies available to them as a result of the Forbearance Defaults, during the forbearance term (the "Forbearance Term") which shall expire on the earlier of: (i) the occurrence of an Event of Default (other than the Forbearance Defaults) under any Loan Document; (ii) the occurrence of a Default hereunder; or (iii) September 30, 2003 (the "Forbearance Period").

  • 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 Amendment and continuing until the earliest to occur of: (i) the institution of any actions or exercising of any remedies by Gxxxxxx or Agfa with respect to any Credit Party or any of their respective assets or properties or issuance of any notice by Gxxxxxx or Agfa of its intention to do so, (ii) if Gxxxxxx shall refuse to enter into the Gxxxxxx Amendment or require that the applicable Credit Parties enter into an amendment to the Gxxxxxx 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.
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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.
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Related to Forbearance Term

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

  • Forbearance Termination Date means the earlier to occur of (i) the Termination Date and (ii) a Termination Event.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Forbearance As defined in Section 3.07(a).

  • Waiver Period ’ means, for each applicable fee, the period of time from the initial effective date of the MIAX Emerald Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior

  • Forbearance Default means: (A) the failure of the Company to provide the Noteholder Group and its financial advisors with reasonable access, as determined by the Noteholder Group in its reasonable discretion, to its Chief Executive Officer, other senior executives and outside advisors, including representatives of Xxxxx Xxxxx Xxxxxx that are working with the Company, and to provide the Noteholder Group and its legal and financial advisors with any and all due diligence information they may reasonably request, including, without limitation, the Company’s current 13-week cash flow schedule, and all updates thereto as soon as reasonably practicable after they are prepared, but in no event no later than two (2) business days thereafter; (B) the failure of the Company to engage in good faith negotiations with the Noteholder Group regarding a potential restructuring transaction, which determination shall be made by the Noteholder Group in its reasonable discretion; (C) the failure of the Company to promptly notify the Noteholder Group of the occurrence of a Forbearance Default (as defined in the DDJ Third Amended Forbearance Agreement) under the DDJ Third Amended Forbearance Agreement or any amendment or modification to the DDJ Third Amended Forbearance Agreement; (D) termination of the DDJ Third Amended Forbearance Agreement; (E) the execution of any amendment or modification to the DDJ Third Amended Forbearance Agreement, which amendment or modification has a material adverse effect on the Noteholder Group as determined by the Noteholder Group in its reasonable discretion; (F) termination by the Company of the Xxxxxx Engagement Letter or the failure of the Company to pay Xxxxxx’x fees, expenses and indemnity in accordance with the terms of the Xxxxxx Engagement Letter; (G) the occurrence of any Event of Default that is not a Specified Existing Default; (H) the failure of the Company to comply with any term, condition, covenant or agreement set forth in this Third Amended Forbearance Agreement; (I) the failure of any representation or warranty made by the Company under this Third Amended Forbearance Agreement to be true and correct in all material respects as of the date when made; (J) the commencement by or against the Company or any of the Subsidiaries of a case under title 11 of the United States Code; or (K) the commencement of any action or proceeding by any creditor of the Company or any of the Subsidiaries seeking to attach or take similar action against the assets of the Company or the Subsidiaries. Any Forbearance Default shall constitute an immediate Event of Default under the Indenture.

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

  • Severance Term means the twenty-four (24) month period following Executive’s termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason.

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Licence Term means the Initial Term plus any Further Term; Licensee means You and/or the Permitted Users;

  • Base Term Commencing (i) with respect to the Existing Premises on the Commencement Date, (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date and (iii) with respect to the Second Expansion Premises on the Second Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 16, 2016 (“Expiration Date”).”

  • Initial Term has the meaning set forth in Section 7.1.

  • Extended Term shall have the meaning set forth in Section 2.

  • License Term means the duration of a License as specified in the Order.

  • Non-Compete Term means in the case of termination for any reason, the period from the Effective Date to the date ending 2 years following the date of termination.

  • Maintenance Term means, initially, the Maintenance Term identified in the Order. Upon expiration of the initial Maintenance Term, the Maintenance Term shall automatically renew for additional one (1) year periods unless terminated earlier by either party, at its option, by written notice at least sixty (60) days prior to the end of the then-current Maintenance Term. The Maintenance Term shall immediately terminate upon the termination, expiration, or cancellation of this Agreement for any reason.

  • Extension Term means the time period defined in §2.C.

  • Service & Term XOOM Energy Ohio, LLC (“XOOM” or “Company”) agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The Term of this Agreement will begin on the next available meter read date after processing of the request by XOOM and your gas utility, and will continue for the Contract Term as set forth in the accompanying Contract Summary, which is incorporated into this Agreement. Acceptance into the Program:These terms and conditions are subject to your acceptance into the program by both XOOM and your local utility. You will be promptly notified if you are not accepted into the program. Switching fees may apply to you under your local utility’s tariff if you are accepted into the program by both XOOM and your local utility.

  • Agreement Period shall have the meaning ascribed thereto in Clause 3.2 of this Agreement.

  • Renewal Term has the meaning set forth in Section 2.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Agreement Term has the meaning set forth in Section 11.1.

  • Term Start Date has the meaning set forth in Section 1.01.

  • Term of this Agreement means the term of the current collective agreement between the Board and the Association;