Forbearance Termination Events. Nothing set forth herein or contemplated hereby is intended to constitute an agreement by the Administrative Agent or the Lenders to forbear from exercising any of the rights and remedies available to them under the Credit Agreement, the other Loan Documents or applicable law (all of which rights and remedies are hereby expressly reserved by the Administrative Agent and the Lenders) upon or after the occurrence of a Forbearance Termination Event. As used herein, “Forbearance Termination Event” shall mean the occurrence of any of the following:
Forbearance Termination Events. Each of the following events shall constitute a “Forbearance Termination Event”:
Forbearance Termination Events. Each of the Borrower Parties agrees that the occurrence of any of the following events shall constitute a “Forbearance Termination Event” under this Agreement, regardless of the reason or reasons for the occurrence of any such event, whether or not such occurrence is voluntary or involuntary, and whether or not such event occurs by operation of law or from some other cause that is not within the control of the Borrower Parties:
Forbearance Termination Events. Nothing set forth herein or contemplated hereby is intended to constitute an agreement by the Administrative Agent or the Lenders to forbear from exercising any of the rights available to the Administrative Agent or the Lenders under the Loan Documents or Requirements of Law (all of which rights and remedies are hereby expressly reserved by the Administrative Agent and the Lenders) upon or after the occurrence of a Forbearance Termination Event. As used herein, a “Forbearance Termination Event” shall mean the earliest of the following to occur: (a) any Default or Event of Default under the Credit Agreement or any other Loan Document other than the Existing Events of Default, (b) any breach by the Borrowers of any representation, obligation, agreement or covenant under this Agreement and (c) June 11, 2016. The period from the date hereof to (but excluding) the earliest date that a Forbearance Termination Event occurs shall be referred to as the “Forbearance Period”.
Forbearance Termination Events. The agreement of the Specified Senior Lenders to forbear from exercising certain remedies against the Non-Debtor Obligors pursuant to this Article IV hereof shall immediately terminate and be of no further force and effect upon the election of a majority in interest of the Specified Senior Lenders (the date of such election, the “Forbearance Termination Date”) at any time after the occurrence of any of the following:
Forbearance Termination Events. The agreement of the Specified Senior Lenders to forbear from exercising certain remedies against the Credit Parties pursuant to Article II hereof shall immediately terminate and be of no further force and effect upon the election of the Required Lenders (the date of such election, the “Forbearance Termination Date”) (provided that if the event described in clause (i) below occurs, then such agreement to forbear shall automatically terminate without requiring the election of, or any other action by, the Required Lenders) at any time after the occurrence of any of the following:
Forbearance Termination Events. Upon the occurrence of any of the events listed below (collectively, the "Termination Events"), the Company shall be in default hereunder and, should the Company fail to cure such default in the manner and within the applicable period set forth below, the Forbearance Period shall immediately terminate and the Bank shall be immediately entitled to exercise any and all rights under the Loan Documents:
Forbearance Termination Events. In order to preserve the economic interests of the Lenders, nothing set forth herein or contemplated hereby is intended to constitute an agreement by the Agent or the Lenders to forbear from exercising any of the rights or remedies arising from the Specified Defaults available to them under the Loan Documents or under applicable law (all of which rights and remedies are hereby expressly reserved by the Agent and the Lenders) upon or after the occurrence of a
Forbearance Termination Events. Nothing set forth herein or contemplated hereby is intended to constitute an agreement by the Administrative Agent or the Lenders to forbear from exercising any of the rights or remedies available to them under the Loan Documents or under applicable law (all of which rights and remedies are hereby expressly reserved by the Administrative Agent and the Lenders) upon or after the occurrence of a Forbearance Termination Event. As used herein, a “Forbearance Termination Event” shall mean the occurrence of any of the following: (a) any breach of this Agreement (including without limitation, the financial covenants set forth in Section 7 below) by any Loan Party, (b) any Event of Default under the Credit Agreement or any other Loan Document other than the Covenant Defaults, the Reporting Default, the 10Q Default, the Good Standing Defaults, the Vendor Defaults and the Overadvance Defaults or (c) November 25, 2009. The period from the date hereof to (but excluding) the date that a Forbearance Termination Event occurs shall be referred to as the “Forbearance Period”.
Forbearance Termination Events. Nothing set forth herein or contemplated hereby is intended to constitute an agreement by the Administrative Agent or the Lenders to forbear from exercising any of the rights available to them under the Sale and Servicing Agreement, the other Transaction Documents, or Applicable Law (all of which rights and remedies are hereby expressly reserved by the Administrative Agent and the Lenders) upon or after the occurrence of the end of the Forbearance Period. As used herein, a “Forbearance Termination Event” shall mean the occurrence of any Termination Event other than the Acknowledged Termination Event. The period from the date hereof to (but excluding) the earliest to occur of (a) if the ratio of the Advances Outstanding at the close of business on July 17, 2008 to the sum of the Borrowing Base calculated at the close of business on July 17, 2008 (including 60% of the Outstanding Loan Balance as of July 17, 2008 due from Synventive Acquisition Inc.) plus Collections received but not applied to the reduction of the Advances Outstanding as of the close of business on July 17, 2008 is greater than 55%, July 17, 2008 (b) September 10, 2008 and (c) the date on which a Forbearance Termination Event occurs shall be referred to as the “Forbearance Period”.
