Forbearance Termination Event definition

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

Forbearance Termination Event means the occurrence of any of the following:

Forbearance Termination Event means the earliest of the following to occur: (a) any Default or Event of Default other than the Potential Events of Default, (b) the breach by the Borrower or any Guarantor of any covenant or provisions of this Consent and (c) 11:59 p.m. (Eastern time) on June 30, 2020.

Examples of Forbearance Termination Event in a sentence

• Subsequently a Specified Forbearance Termination Event occurred in that the Borrowers failed to meet the required Minimum Consolidated EBITDA Covenant set forth in Section 7(d) of the Credit Agreement.

• Upon the occurrence of a Forbearance Termination Event, the agreement of the Consenting Creditors hereunder to forbear from exercising rights and remedies in respect of the Forbearance Defaults, shall immediately terminate without requirement of any demand, presentment, protest, or notice of any kind, all of which the Company hereby waives (to the extent permitted by applicable law).

• Subsequently, a Second Specified Forbearance Termination Event occurred under the Forbearance Agreement in that the US Borrower failed to meet the minimum Liquidity for the period ended December 31, 2021.

• Additionally, each of the Obligors, if elected by the Agent or Lenders as a remedy upon the occurrence of a Forbearance Termination Event, consent to and will refrain from interfering with the appointment of a Receiver to administer and operate any of the Obligors or any of their properties or assets.

• As a result, the Obligors requested that the Lenders forbear with respect to the Specified Forbearance Termination Event in addition to the Specified Events of Default and requested certain other modifications to the Forbearance Agreement.

More Definitions of Forbearance Termination Event

Forbearance Termination Event means any of the following: (i) the occurrence of a Default or Event of Default (in each case other than the Forbearance Defaults) under any Loan Document or (ii) any breach of the Borrower or any Guarantor of any representation, warranty, term, covenant, or agreement set forth in this Forbearance Agreement.

Forbearance Termination Event contained in Section 1 of the Amended Agreement is hereby amended to delete the reference to “June 7, 2013” and replace it with “July 1, 2013”.

Forbearance Termination Event shall have the meaning given to it in Section 21(b) below.

Forbearance Termination Event shall have the same meaning as the term "Termination Event" described in the Forbearance Agreement.

Forbearance Termination Event as defined in Section 6.10(b).

Forbearance Termination Event means the occurrence of any one or more of the following events which is not cured within applicable notice and cure periods, if any:

Forbearance Termination Event set forth in Section 2(b) of the Forbearance Agreement is hereby amended by restating clause (iii) thereof to read as follows: