Common use of Effect at End of Forbearance Period Clause in Contracts

Effect at End of Forbearance Period. On the Termination Date, the Existing Default will be deemed to exist and, without regard to any matters transpiring during the Forbearance Period or the financial condition or prospects of the Credit Parties as of such date, the Agent and each Lender shall be fully entitled to exercise any rights and remedies they may have under the Credit Agreement, the other Loan Documents or applicable law.

Appears in 6 contracts

Samples: Credit Agreement (Rohn Industries Inc), Credit Agreement (Rohn Industries Inc), Forbearance Agreement (Rohn Industries Inc)

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Effect at End of Forbearance Period. On the Termination Date, the Existing Default Defaults will be deemed to exist and, without regard to any matters transpiring during the Forbearance Period or the financial condition or prospects of the Continuing Credit Parties as of such date, the Agent and each Lender shall be fully entitled to exercise any rights and remedies they may have under the Credit Financing Agreement, the other Loan Documents or applicable law.

Appears in 1 contract

Samples: Forbearance Agreement (Archibald Candy Corp)

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Effect at End of Forbearance Period. On the Termination Date, the Existing Default will be deemed to exist and, without regard to any matters transpiring during the Forbearance Period or the financial condition or prospects of the Credit Parties as of such date, the Agent and each Lender shall be fully entitled to exercise any rights and remedies they it may have under the Credit Agreement, the other Loan Documents or applicable law.

Appears in 1 contract

Samples: Forbearance Agreement (Rohn Industries Inc)

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