Common use of Amendments; Actions on Default Clause in Contracts

Amendments; Actions on Default. (a) The Lessor shall have the right to forebear from exercising rights against the Lessee to the extent the Lessor shall determine in good faith that such forbearance is appropriate and is permitted by Section 15.5 and Sections 11.1, 11.2 and 11.

Appears in 3 contracts

Samples: Participation Agreement (Vitesse Semiconductor Corp), Participation Agreement (Chase Industries Inc), Participation Agreement (Quantum Corp /De/)

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Amendments; Actions on Default. (a) The Lessor shall have the right to forebear from exercising rights against the Lessee to the extent the Lessor shall determine in good faith that such forbearance is appropriate and is permitted by Section 15.5 and Sections 11.1, 11.2 and 11.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

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Amendments; Actions on Default. (a) The Lessor shall have ------------------------------ the right to forebear from exercising rights against the Lessee to the extent the Lessor shall determine in good faith that such forbearance is appropriate and is permitted by Section 15.5 and Sections 11.1, 11.2 and 11.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

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