Forbearance Agreements. Letter Agreement between GECC and Borrower dated as of July 16, 2003 (the “7/16/03 Letter Agreement”), as modified by that Letter Agreement between GECC and Borrower dated October 1, 2003 (the “10/1/03 Letter Agreement,” and collectively with the 7/16/03 Letter Agreement, the “Forbearance Agreement”);
Forbearance Agreements. The Administrative Agent and the Lenders acknowledge that it is customary practice in certain areas where the Company and its Subsidiaries conduct business for customers of offshore construction companies such as the Company and its Subsidiaries to require forbearance agreements from such contractor's secured creditors. The Lenders authorize and direct the Administrative Agent to execute and deliver such forbearance agreements in cases deemed appropriate by the Administrative Agent in its sole discretion containing such terms as are reasonably acceptable to the Administrative Agent.
Forbearance Agreements. Letter Agreement between GECC and Borrower dated July 12, 2004 (the “Thirteenth Forbearance Agreement”);
Forbearance Agreements. The Seventh Amendment to Financing Agreement and Forbearance Agreement, dated as of February 16, 2021 (the “Forbearance Agreement”) by and among the Company, Callodine Commercial Finance, LLC, (“Callodine”) as collateral agent and administrative agent for the lenders under the Company’s senior credit facility shall not have been terminated by Callodine in writing or amended in a manner that is adverse to the Company or Parent, and (x) Callodine shall not have notified the Company of its intent to terminate the Forbearance Agreement or notified the Company in writing of the occurrence of any “Termination Event” under (and as defined in) the Forbearance Agreement and (y) neither Callodine nor any other Lender has taken any actions to enforce their respective rights or remedies under the Financing Agreement and the other Loan Documents (as defined in the Financing Agreement) including the right to declare that any obligations outstanding under the Financing Agreement or the other Loan Documents accrue interests at the Post-Default Rate (as defined in the Financing Agreement).
Forbearance Agreements. 2.5.1.1 Harbinger Forbearance Agreement 01 29 09 2.5.1.2 Harbinger Forbearance Agreement 01 29 10
Forbearance Agreements. AmerAlia will deliver Forbearance Agreements in a form acceptable to Sentient I, signed by each of its officers and directors and their respective affiliates that or who are owed money by AmerAlia that will not be paid at closing or converted into stock of AmerAlia at or prior to Closing.
Forbearance Agreements. 90 Section 10.13..... Governing Law 90 Section 10.14..... Consent to Jurisdiction; Process Agent 90 Section 10.15..... Waiver of Jury 90 EXHIBITS: Exhibit A -Form of Assignment and Acceptance Exhibit B -Form of Compliance Certificate Exhibit C -Form of Guaranty Exhibit D -Form of Vessel Mortgage Exhibit E -Form of Notice of Borrowing Exhibit F -Form of Notice of Conversion or Continuation Exhibit G -Form of Pledge Agreement Exhibit H-1 -Form of Revolving Note (Company) Exhibit H-2 -Form of Revolving Note (Mexican Borrower) Exhibit I -Form of Security Agreement Exhibit J -Form of Swingline Note Exhibit K -Form of Mortgage Exhibit L -Form of Commitment Increase Agreement SCHEDULES: Schedule 1 -Notice Information for Lenders Schedule 1.01(a) -Permitted Bonds Obligations Schedule 1.01(b) -Revolving Commitments Schedule 1.01(c) -List of Guaranties Schedule 1.01(d) -List of Pledge Agreements Schedule 4.16 -Environmental Disclosures Schedule 4.17 -Mortgaged Vessels and Mortgaged Real Estate Schedule 4.19 -Subsidiaries/Corporate Structure Schedule 6.01 -Existing Liens Schedule 6.02 -Existing Debt CREDIT AGREEMENT This Credit Agreement dated as of March 9, 2004, is among (a) Global Industries, Ltd., a Louisiana corporation (the "Company"), and Global Offshore Mexico, S. de R.L. de C.V., a Mexican sociedad de responsabilidad limitada de capital variable (the "Mexican Borrower", and together with the Company, the "Borrowers"), (x) the Lenders (as defined below), and (c) Credit Lyonnais New York Branch, as Administrative Agent (as defined below) for the Lenders. The Borrowers, the Lenders, and the Administrative Agent agree as follows:
Forbearance Agreements. Each Forbearance Agreement shall remain in full force and effect, and the Acquired Companies shall have performed or complied in all respects with the agreements, obligations and covenants required by the Forbearance Agreements.
Forbearance Agreements. Under a forbearance agreement, the collection agency states that in reliance on the debtor representing that it will make certain payments, the collection agency will forebear from engaging in further collection activity.
a. The forbearance agreement should be for a limited period of time.
b. The forbearance agreement should expressly state that it does not alter the rights of the collection agency, and in the event of a failure of the debtor to make a payment as represented, the collection agency may proceed with further collection efforts and rights relating to the obligation.
c. A forbearance agreement can be used when a debtor is proposing making small payments due to his/her current financial condition, and the collection agency will review situation in 60-90 days.
Forbearance Agreements. Each Lender shall, or in the case of a Lender which holds beneficial ownership in the loans under the Senior First Lien Credit Agreement or the Senior Second/Third Lien Interim Loan Agreement through a participation, shall instruct its respective participant counterpart to, execute and deliver to the Borrowers the Senior Forbearance Agreement or the Bridge Forbearance Agreement, as applicable, and in any event by becoming a Lender shall be deemed to have agreed to said Senior Forbearance Agreement or Bridge Forbearance Agreement, with such modification applicable to individual parties as Borrowers and such parties agree. Any Person that has credit exposure to the Loans, whether direct or indirect in the form of a binding confirmed trade not yet settled, a total return swap or other derivative, shall be deemed bound by the Senior Forbearance Agreement or the Bridge Forbearance Agreement, as applicable.
