Effect of Forbearance Termination. Upon the termination of the Forbearance Period, the agreement of the Forbearing Lenders and the Administrative Agent hereunder to forbear as set forth in Section 2(a) above shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind (including any written notice required by Article XII of the Credit Agreement or any other Credit Document), all of which are hereby waived by the Borrower and each other Credit Party. The Borrower and each other Credit Party hereby agree that, after the Forbearance Termination Date, the Forbearing Lenders and the Administrative Agent may at any time, or from time to time, in their sole and absolute discretion, with respect to the Acknowledged Events of Default, exercise against any Credit Party (and its properties) any and all of their rights, remedies, powers and privileges under any or all of the Credit Agreement, any other Credit Document, applicable Law and/or equity, all of which rights, remedies, powers and privileges are fully reserved by each Forbearing Lender and the Administrative Agent.
Effect of Forbearance Termination. From and after the Forbearance Termination Date, the agreement of the Noteholder and the Collateral Agent hereunder to forbear as set forth in Section 2(a) shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind, all of which are hereby waived by the Company and each other Obligor (it being understood, for the avoidance of doubt, that this provision shall not impair the effectiveness of any other provisions of this Forbearance Agreement, which shall remain in full force and effect), and each of the Collateral Agent and the Noteholder shall be free in its sole and absolute discretion, without limitation, to immediately proceed to enforce any or all of its rights and remedies provided under, and in accordance with, the Transaction Documents, at law or in equity. Each Obligor hereby agrees that, from and after the Forbearance Termination Date, the Noteholder and the Collateral Agent may at any time, or from time to time, in their sole and absolute discretion, exercise against any Obligor (and its properties) any and all of their rights, remedies, powers and privileges under any or all of the Notes, any other Transaction Document, applicable law and/or equity, all of which rights, remedies, powers and privileges are fully reserved by the Noteholder and the Collateral Agent.
Effect of Forbearance Termination. From and after the Forbearance Termination Date, the agreement of the Required Lenders and the Administrative Agent hereunder to forbear as set forth in Section 2(a) shall terminate upon one (1) Business Day written notice from the Administrative Agent but without the requirement of any further demand, presentment, protest, or notice of any kind, all of which are hereby waived (to the extent permitted by applicable law) by the Borrowers and each other Obligor. The Borrowers and each other Obligor hereby agree that, from and after one (1) Business Days written notice from the Administrative Agent of the occurrence of the Forbearance Termination Date, the Required Lenders and the Administrative Agent may at any time, or from time to time, in accordance with Section 11.01 of the Facility Agreement, exercise against any Obligor (and its properties) any and all of their rights, remedies, powers and privileges under (and otherwise subject to the terms thereof) any or all of the Facility Agreement, any other Credit Document, applicable law and/or equity in each case in accordance with Section 11.01 of the Facility Agreement, all of which rights, remedies, powers and privileges are fully reserved by each Lender and the Administrative Agent. (c)
Effect of Forbearance Termination. From and after the Applicable Forbearance Termination Date (as hereinafter defined), the agreement of each Lender and the Administrative Agent hereunder to forbear as set forth in Section 2(a) shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind, all of which are hereby waived by the Borrower and each other Credit Party. The Borrower and each other Credit Party hereby agree that (i) the Administrative Agent, either itself or at the direction of the Required Lenders, may at any time, or from time to time, in its (or their) sole and absolute discretion, exercise against the Borrower (and its properties) any and all of their rights, remedies, powers and privileges under any or all of the Credit Agreement, any other Loan Document, applicable law and/or equity, all of which rights, remedies, powers and privileges are fully reserved by each Lender and the Administrative Agent, (ii) from and after the Holding Company Forbearance Termination Date (after the giving of any required notice and the lapse of any grace period applicable in the determination thereof), the Administrative Agent, either itself or at the direction of the Required Lenders, may at any time, or from time to time, in its (or their) sole and absolute discretion, exercise against the Holding Companies (and their properties) any and all of their rights, remedies, powers and privileges under any or all of the Credit Agreement, any other Loan Document, applicable law and/or equity, all of which rights, remedies, powers and privileges are fully reserved by each Lender and the Administrative Agent, and (iii) from and after the Other Credit Party Forbearance Termination Date (after the giving of any required notice and the lapse of any grace period applicable in the determination thereof), the Administrative Agent, either itself or at the direction of the Required Lenders, may at any time, or from time to time, in its (or their) sole and absolute discretion, exercise against any Credit Party (and its properties) any and all of their rights, remedies, powers and privileges under any or all of the Credit Agreement, any other Loan Document, applicable law and/or equity, all of which rights, remedies, powers and privileges are fully reserved by each Lender and the Administrative Agent.
Effect of Forbearance Termination. From and after the Forbearance Termination Date, the agreement of WayPoint to forbear as set forth in Section 1(b) shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind.
Effect of Forbearance Termination. From and after the Forbearance Termination Date, the agreements of the Required Lenders and the Administrative Agent hereunder to forbear as set forth in Section 2(a) shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind, all of which are hereby waived by the Borrowers and each other Loan Party. The Borrowers and each other Loan Party hereby agree that, from and after the Forbearance Termination Date, the Lenders and the Administrative Agent may at any time, or from time to time, in their sole and absolute discretion, exercise against any Loan Party (and its properties) any and all of their rights, remedies, powers and privileges under any or all of the Term Loan Agreement, any other Loan Document, applicable law and/or equity (in each case, subject to any applicable limitations provided in the Loan Documents), all of which rights, remedies, powers and privileges are fully reserved by each Lender and the Administrative Agent.
Effect of Forbearance Termination. On termination of the Forbearance Period (other than a termination occasioned by clause (iii) of the definition of “Forbearance Termination Date” herein), Lenders and Agent may exercise their respective rights and remedies under the Loan Documents and this Agreement without the requirement of any further notice or other action by Lenders or Agent. Borrower agrees not to contest any such lawful exercise by Lenders and/or Agent of their respective rights and remedies under the Loan Documents. All of Lenders’ and Agent’s rights and remedies, whether arising hereunder, under the Loan Documents, or otherwise, are cumulative.
