Forbearance Date definition

Forbearance Date means June 30, 2020.
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Forbearance Date means September 30, 2022.
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Forbearance Date. (as defined in the Forbearance Agreement (the “Forbearance Agreement”), by and among USC, the Joint Venture Partners and Levy) is hereby terminated and of no further force or effect. Levy shall have until 12:00 p.m. midnight Eastern Daylight Time on August 25, 2010 to exercise its rights under Section 5.4 of the Operating Agreement (“Section 5.4 End Date”). If Levy does not exercise its rights under Section 5.4 of the Operating Agreement on or before the Section 5.4 End Date, all such rights shall be terminated and of no further force or effect as of the Section 5.4 End Date and Levy hereby waives its right to exercise such rights after the Section 5.4 End Date.
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Examples of Forbearance Date in a sentence

  • Upon the earlier of (i) the Forbearance Date or (ii) the occurrence of a Forbearance Default under this Agreement, Lender shall have the right to sell, lease or otherwise dispose of any Collateral in accordance with the terms of any Loan Document, and applicable law.

  • Beneficiary will not, prior to the Forbearance Date, enforce any rights under the Toshiba Guaranty unless a Forbearance Termination Event has occurred (inclusive of the expiration without cure of any applicable cure period set forth in clause (d) of the definition of Forbearance Termination Event).

  • The Maker hereby ratifies and confirms each of the Loan Documents to which it is a party entered into prior to the Forbearance Date, including its respective Collateral Documents, executed pursuant to the Note and agrees that such Loan Documents continue to be legal, valid, binding, and enforceable in accordance with their respective terms except as amended pursuant to the terms hereof.

  • To induce the Payee to enter into this Forbearance Agreement, each Maker represents and warrants to Payee that as of the Forbearance Date there are no claims or offsets against or defenses or counterclaims to their respective obligations under the Loan Documents, and each Maker waives any and all such claims, offsets, defenses, or counterclaims whether known or unknown, arising prior to the Forbearance Date.

  • Unless a Forbearance Termination Event has occurred, Beneficiary will not, prior to the Forbearance Date, make any demand for payment under any of the Letters of Credit except (a) as contemplated by Section 2.4 or Section 3.1, (b) from and after the delivery by Toshiba of a Payment Obligation Suspension Notice, and (c) in the sixty (60) day period before the expiration thereof.

  • The Payee shall receive payment of an amount equal to all accrued and unpaid interest on the Note as of the Forbearance Date (being $198,972.04) plus Two Hundred Fifty Thousand Dollars ($250,000.00) of principal of the Note.

  • Prior to the Forbearance Date, absent a Forbearance Default under this Agreement, Lender will permit a portion of Collections, in such amounts as determined by Lender in its good faith discretion from time to time, to be used by Guarantor and the Borrowers for Approved Expenses necessary to continue the operations of the same and in accordance with the terms of this Agreement.

  • As of the Forbearance Date, the outstanding principal balance of the Note is Six Million, Five Hundred Thousand Dollars ($6,500,000.00) (the "Balance").

  • The Borrower shall only be required to provide the notices set forth in Section 8.17 (Notice to Bank) of the Loan Agreement related to any action or event arising on or after the Original Forbearance Date.

  • The Payee and the Maker acknowledge that, prior to giving effect to any payment or payments specified in this Forbearance Agreement, the aggregate outstanding unpaid principal balance of the Note is equal to the Balance, and accrued and unpaid interest on the Note is equal to $198,972.04as of the Forbearance Date.


More Definitions of Forbearance Date

Forbearance Date means the earliest of (a) November 30, 2022; (b) the date of the commencement of any bankruptcy, receivership, dissolution, assignment for the benefit of creditors, or other insolvency proceeding for Pledgor or any merger, consolidation, or sale of Pledgor or all or substantially all of the assets of Pledgor or any change in ownership of Pledgor that results in the Initial Obligor not being in direct or indirect voting and economic control of all equity interests issued by Pledgor; and (c) the breach or default by Pledgor of any representation, warranty, or covenant under this Pledge Agreement, which breach or default, if curable, has not been cured within ten (10) days following the earlier of Pledgor’s knowledge thereof of the delivery of written notice thereof by Pledgee to Pledgor, provided that it shall be an immediate and uncurable breach and default of Pledgor under this Pledge Agreement if the Secured Obligations are not satisfied in full prior to November 30, 2022.
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Forbearance Date means the later to occur of the date of this Amendment or the date on which each of the Forbearance Conditions and the conditions precedent set forth in Section 8 hereof is satisfied.
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Forbearance Date is hereby added to Section 1.01 of the Credit Agreement in its entirety:
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Forbearance Date means April 1, 2013.
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Related to Forbearance Date

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

  • Forbearance Termination Date means the earlier to occur of (i) the closing of a Transaction; (ii) October 31, 2001, or (iii) the date upon which the Forbearance Default occurs.

  • 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.

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

  • 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 As defined in Section 3.07(a).

  • Specified Defaults means, collectively, the Existing Defaults and the Anticipated Defaults.

  • Existing Defaults means (i) all Existing Defaults (as that term is defined in the Forbearance Agreements) and defaults with respect to other matters stated in the Forbearance Agreements, and (ii) the 2005 Tax Default.

  • Third Amendment Date means June 23, 2020.

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

  • Acceleration Date on any Security means the date on and after which the principal or any or all installments of interest, or both, are due and payable on any Security which has become accelerated pursuant to the terms of the Security.

  • First Amendment Date means February 21, 2019.

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Amendment Date has the meaning set forth in the preamble.

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

  • Second Amendment Date means the date of the Second Amendment.

  • Specified Default means a Default under Section 8.01(a), (f) or (g).

  • Fourth Amendment Date means April 30, 2021.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Lease Termination Date means the last day of the Lease Term.

  • Policy Issuance Date means the date of first issuance of these Terms and Benefits.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.