End of Forbearance Period Sample Clauses

End of Forbearance Period. The Borrower acknowledges and agrees that upon the failure of the Borrower to satisfy any of the foregoing conditions at any time, the Forbearance Period shall automatically terminate without notice to the Borrower of any kind. The Borrower hereby waives any such notice. Upon termination of the Forbearance Period, the Administrative Agent and the Lenders shall be permitted to exercise any and all rights and remedies that exist with respect to the Credit Agreement Defaults and any other Default or Event of Default that may then exist.
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End of Forbearance Period. The expiration of the Forbearance Period.
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End of Forbearance Period. The occurrence of the Forbearance Termination Date.
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End of Forbearance Period. January 1, 2018;
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End of Forbearance Period. In the event that any of the conditions set forth in the foregoing clause (a) are not satisfied at any time, then the Forbearance Period shall automatically end, all amounts due under the Loan Documents, plus all accrued and unpaid interest and costs, shall immediately become due and payable in full without any further notice to Borrower, and Lender may immediately proceed to exercise all of its rights and remedies provided under the Loan Documents or available at law or in equity, without any further notice to Borrower.
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End of Forbearance Period. In the event that Set Jet fails to satisfy any of the conditions or obligations set forth in this Agreement (including, but not limited to, the conditions and obligations set forth in this Section 3) at any time, Set Jet will be deemed to be in default under this Agreement, and if such default is not cured within three (3) business days following written notice from Agent, then: (i) the Forbearance Period shall automatically end, and all amounts due under the Transaction Documents shall immediately become due and payable in full without any further notice to Set Jet; (ii) Agent shall have the right to immediately terminate all agreements with Set Jet of any nature; (iii) Agent may immediately retake possession of the Aircrafts, and pursue collection of all unpaid amounts due and owing under the Transaction Documents; and (iv) Agent may immediately proceed to exercise all of its legal rights and remedies provided under the Transaction Documents or that are available at law or in equity, all without any further notice to Set Jet.
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End of Forbearance Period. The expiration of the Forbearance Period. Forbearance to Loan Agreement
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End of Forbearance Period. The occurrence of the Forbearance Termination Date, unless all amounts owed under the Loan Documents (other than late fees) are paid in full on or before the Forbearance Termination Date;
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Related to End of Forbearance Period

  • Event of Force Majeure 15.1 Neither Party shall be in breach of the Agreement nor liable for any delay in performing, or failure to perform, any of its obligations under the Agreement if such delay or failure results from an Event of Force Majeure. In such circumstances the affected Party shall be entitled to a reasonable extension of the time for performing such obligations. If the period of delay or non-performance continues for three consecutive months, the Party not affected may terminate the Agreement immediately by giving written notice to the affected Party.

  • Definition of Force Majeure For the purposes of this section, an event of force majeure shall mean any cause beyond the control of the affected Interconnection Party or Construction Party, including but not restricted to, acts of God, flood, drought, earthquake, storm, fire, lightning, epidemic, war, riot, civil disturbance or disobedience, labor dispute, labor or material shortage, sabotage, acts of public enemy, explosions, orders, regulations or restrictions imposed by governmental, military, or lawfully established civilian authorities, which, in any of the foregoing cases, by exercise of due diligence such party could not reasonably have been expected to avoid, and which, by the exercise of due diligence, it has been unable to overcome. Force majeure does not include (i) a failure of performance that is due to an affected party’s own negligence or intentional wrongdoing; (ii) any removable or remediable causes (other than settlement of a strike or labor dispute) which an affected party fails to remove or remedy within a reasonable time; or (iii) economic hardship of an affected party.

  • DEFINITION OF "FOR GOOD REASON For purposes of Section 6, the phrase “for good reason” means: (a) the Employer’s material breach of this Agreement; or (b) a material reduction in Executive’s position, duties and responsibilities from those described in Section 2.3 of this Agreement.

  • Notice of Force Majeure If performance is delayed as a result of Force Majeure, the affected party shall provide prompt Notice to the other party and shall be excused from default or delay in performance while such circumstances prevail so long as such party continues to use commercially reasonable efforts to recommence performance as soon as possible.

  • Events of Force Majeure Neither Party shall be held liable or responsible to the other Party nor be deemed to be in default under, or in breach of any provision of, this Agreement for failure or delay in fulfilling or performing any obligation of this Agreement when such failure or delay is due to force majeure, and without the fault or negligence of the Party so failing or delaying. For purposes of this Agreement, force majeure is defined as causes beyond the control of the Party, including, without limitation, acts of God; acts, regulations, or laws of any government; war; civil commotion; destruction of production facilities or materials by fire, flood, earthquake, explosion or storm; labor disturbances; epidemic; and failure of public utilities or common carriers. In such event Medistem or Licensee, as the case may be, shall immediately notify the other Party of such inability and of the period for which such inability is expected to continue. The Party giving such notice shall thereupon be excused from such of its obligations under this Agreement as it is thereby disabled from performing for so long as it is so disabled and the 30 days thereafter. To the extent possible, each Party shall use reasonable efforts to minimize the duration of any force majeure.

  • Effect of Force Majeure If either Party is rendered wholly or partially unable to perform its obligations under this Agreement because of a Force Majeure Act, that Party shall be excused from whatever performance is affected by the Force Majeure Act to the extent so affected, provided that:

  • DEFINITION OF "FOR CAUSE For purposes of Section 6.1, the phrase "

  • Clean-Up Period (a) Notwithstanding any other provision of any Finance Document:

  • Termination by Virtue of Death or Disability of Executive (a) In the event of Executive’s death while employed pursuant to this Agreement, all obligations of the Parties hereunder shall terminate immediately, and the Company shall, pursuant to the Company’s standard payroll policies, pay to Executive’s legal representatives all Accrued Obligations.

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