Common use of Enforcement Actions After Forbearance Period Clause in Contracts

Enforcement Actions After Forbearance Period. Each Loan Party acknowledges and agrees that on the Forbearance Period Termination Date the agreement of the Lender Parties and the Agent to refrain from taking any Enforcement Action in respect of the Known Defaults shall automatically cease and be of no further force or effect, and the Agent and the Lender Parties shall be entitled to immediately take Enforcement Actions under the Credit Agreement, the other Loan Documents and applicable law, all without further notice or demand, in respect of the Known Defaults or any other Event of Default then existing.

Enforcement Actions After Forbearance Period. Each Loan Party acknowledges and agrees that on the Forbearance Period Termination Date the agreement of the Lender Parties Consenting Lenders and the Administrative Agent to refrain from taking any Enforcement Action in respect of the Known Specified Defaults shall automatically cease and be of no further force or effect, and the Administrative Agent and the Lender Parties Consenting Lenders shall be entitled to immediately take Enforcement Actions under the Credit Agreement, the other Loan Documents and applicable law, all without further notice or demand, in respect of the Known Specified Defaults or any other Event of Default then existing.

Enforcement Actions After Forbearance Period. Each Loan Party acknowledges and agrees that on the Forbearance Period Termination Date the agreement of the Lender Parties Lenders and the Agent to refrain from taking any Enforcement Action in respect of the Known Defaults shall automatically cease and be of no further force or effect, and the Agent and the Lender Parties Lenders shall be entitled to immediately take Enforcement Actions under the Credit Agreement, the other Loan Documents and applicable law, all without further notice or demand, in respect of the Known Defaults or any other Event of Default then existing.

Enforcement Actions After Forbearance Period. Each Loan Credit Party acknowledges and agrees that on the Forbearance Period Termination Date the agreement of the Lender Parties Lenders and the Agent to refrain forbear from taking any Enforcement Action in respect of the Known Defaults shall automatically cease and be of no further force or effect, and the Agent and the Lender Parties Lenders shall be entitled to immediately take Enforcement Actions under the Credit Agreement, the other Loan Credit Documents and applicable law, all without further notice or demand, in respect of the Known Defaults or any other Event of Default then existing.