Common use of Agreement to Forbear Clause in Contracts

Agreement to Forbear. 2.1 Provided that no Forbearance Default occurs, Agent and Lenders hereby agree to forbear and refrain, through the Termination Date, from exercising their respective rights and remedies under the Credit Agreement or any other Loan Document that may exist because of the Covenant Defaults or a default respecting the Sub Debt Payment.

Appears in 3 contracts

Samples: Credit Agreement and Forbearance Agreement (Advanced Glassfiber Yarns LLC), Credit Agreement and Forbearance Agreement (Advanced Glassfiber Yarns LLC), Credit Agreement and Forbearance Agreement (Advanced Glassfiber Yarns LLC)

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Agreement to Forbear. 2.1 Provided that no Forbearance Default occurs, Agent and Lenders hereby agree to forbear and refrain, through the Termination Date, from exercising their respective rights and remedies under the Credit Agreement or any other Loan Document that may exist because of the Covenant Anticipated Defaults or a default respecting the Sub Debt Payment.

Appears in 1 contract

Samples: Credit Agreement and Forbearance Agreement (Advanced Glassfiber Yarns LLC)

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