Conditions of Forbearance. The Forbearance Period shall terminate upon the earliest occurring of any of the following:
Conditions of Forbearance. Lender’s agreement to forbear from exercising any of its rights and remedies as a result of the Existing Events Default shall be subject to and conditioned upon each of the following:
Conditions of Forbearance. The agreement by the Administrative Agent, the L/C Issuer and the Lenders to forbear from exercising any of their remedies as a result of the Specified Defaults during the Forbearance Period shall be subject to and conditioned upon each of the following:
Conditions of Forbearance. PMC's agreement to forbear is conditioned upon and subject to timely satisfaction of each of the following conditions ("Conditions of Forbearance"):
Conditions of Forbearance. Each of the following shall be condition to the obligations of CTGR to forebear in accordance with paragraph 2 above.
Conditions of Forbearance. The Lender’s agreement to forbear from exercising remedies as a result of the Enumerated Defaults shall, unless waived by the Lender in the exercise of its sole discretion, be subject to and conditioned upon each of the following:
Conditions of Forbearance. The obligations of Lender to forbear from exercising any rights or remedies under the Credit Documents on account of the Existing Defaults are subject to the Borrower’s satisfying each of the conditions (each a “Forbearance Condition” and collectively, the “Forbearance Conditions”) set forth in Sections 3(a)-(k). The failure of any Borrower to satisfy any one or more of the Forbearance Conditions shall be a “Forbearance Default.”
Conditions of Forbearance. Indemnitors acknowledge and reaffirm the GAI and recognize that Surety has certain remedies available to it, all as expressly set forth in the GAI and as otherwise permitted by statute, at law or in equity. Among the rights provided for under the GAI are the Surety’s right to be kept fully indemnified and held harmless by Indemnitors from any loss resulting from Sxxxxx’s issuance of any Bonds and the right, upon Sxxxxx’s demand, to be placed in collateral security by the Indemnitors against anticipated loss, as determined by Surety. Except as provided for in this Agreement, Sxxxxx agrees to forbear its right to enforce such indemnity and collateral security rights, by suit or otherwise, against the Indemnitors so long as there is no Instance of Default as defined herein. Contractors and Indemnitors agree that any and all limitations on any action that Surety may bring to enforce its rights arising from or related to the Bonds, the GAI, or the Bonded Contracts, by statute, at law or in equity, are tolled for so long as this Agreement is in effect.
Conditions of Forbearance. GFILP's agreement to forbear is conditioned upon and subject to timely satisfaction of each of the following conditions ("Conditions of Forbearance").
Conditions of Forbearance. As a condition precedent to Lender’s agreement to the Debt Service Deferral and to forbear as set forth herein, Borrower and/or Guarantor, as applicable, shall satisfy each of the following conditions on the date hereof (collectively, the “Conditions Precedent”): (a) Borrower and Guarantor shall deliver: (i) a copy of this Agreement executed by Borrower and Guarantor in the places indicated below, and (ii) appropriate resolutions or other evidence of authority for each of Borrower and Guarantor to execute and deliver this Agreement, certified by an officer or other authorized party of Borrower and Guarantor, respectively; (b) payment to each Lender of a forbearance fee in the amount of $25,000.00 (for an aggregate forbearance fee of $50,000.00); and (c) payment to each Lender for its costs and expenses pursuant to Section 24 hereof to the extent incurred by Lender prior to the satisfaction of the conditions set forth in the preceding clauses (a) and (b) and invoiced by Lender to Borrower. Each of the conditions set forth in this Section shall have been satisfied in Lender’s sole and absolute discretion.
