{"component": "clause", "props": {"groups": [{"size": 7, "snippet": "Letter Agreement between GECC and Borrower dated as of July 16, 2003 (the \u201c7/16/03 Letter Agreement\u201d), as modified by that Letter Agreement between GECC and Borrower dated October 1, 2003 (the \u201c10/1/03 Letter Agreement,\u201d and collectively with the 7/16/03 Letter Agreement, the \u201cForbearance Agreement\u201d);", "samples": [{"hash": "euMpkuptkZX", "uri": "/contracts/euMpkuptkZX#forbearance-agreements", "label": "Forbearance Agreement (Southland Health Services, Inc.)", "score": 21.0, "published": true}, {"hash": "bNLowYn74tj", "uri": "/contracts/bNLowYn74tj#forbearance-agreements", "label": "Forbearance Agreement (BAD TOYS Holdings, Inc.)", "score": 21.0, "published": true}, {"hash": "P8vbGkTKje", "uri": "/contracts/P8vbGkTKje#forbearance-agreements", "label": "Forbearance Agreement (Southland Health Services, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "agreement-between", "type": "clause", "offset": [7, 24]}, {"key": "dated-as-of", "type": "definition", "offset": [43, 54]}, {"key": "october-1", "type": "definition", "offset": [172, 181]}, {"key": "forbearance-agreement", "type": "clause", "offset": [278, 299]}], "hash": "b74d073929a23e1ca57001e64cca44ed", "id": 1}, {"size": 4, "snippet": "Letter Agreement between GECC and Borrower dated July 12, 2004 (the \u201cThirteenth Forbearance Agreement\u201d);", "samples": [{"hash": "euMpkuptkZX", "uri": "/contracts/euMpkuptkZX#forbearance-agreements", "label": "Forbearance Agreement (Southland Health Services, Inc.)", "score": 21.0, "published": true}, {"hash": "bNLowYn74tj", "uri": "/contracts/bNLowYn74tj#forbearance-agreements", "label": "Forbearance Agreement (BAD TOYS Holdings, Inc.)", "score": 21.0, "published": true}, {"hash": "9Q5xi64vOIJ", "uri": "/contracts/9Q5xi64vOIJ#forbearance-agreements", "label": "Forbearance Agreement (BAD TOYS Holdings, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "agreement-between", "type": "clause", "offset": [7, 24]}, {"key": "forbearance-agreement", "type": "clause", "offset": [80, 101]}], "hash": "24ca32e1a5df6336cc193991ecb983e7", "id": 2}, {"size": 4, "snippet": "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.", "samples": [{"hash": "3O1ozJm8zE7", "uri": "/contracts/3O1ozJm8zE7#forbearance-agreements", "label": "Credit Agreement (Global Industries LTD)", "score": 19.0, "published": true}, {"hash": "lWJwFaWDCKT", "uri": "/contracts/lWJwFaWDCKT#forbearance-agreements", "label": "Credit Agreement (Global Industries LTD)", "score": 18.0, "published": true}, {"hash": "dwEc5QZcwti", "uri": "/contracts/dwEc5QZcwti#forbearance-agreements", "label": "Credit Agreement (Global Industries LTD)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-administrative-agent-and-the-lenders", "type": "clause", "offset": [0, 40]}, {"key": "customary-practice", "type": "definition", "offset": [64, 82]}, {"key": "certain-areas", "type": 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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 \u201cTermination Event\u201d 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).", "samples": [{"hash": "ehugMwMRVRa", "uri": "/contracts/ehugMwMRVRa#forbearance-agreements", "label": "Merger Agreement (Apex Global Brands Inc.)", "score": 32.1348391513, "published": true}, {"hash": "8Bg6HPzJWCH", "uri": 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"Subordination Agreements"], ["loan-agreements", "Loan Agreements", "Loan Agreements"], ["financing-agreement", "Financing Agreement", "Financing Agreement"], ["parties-to-lock-up-agreements", "Parties to Lock-Up Agreements", "Parties to Lock-Up Agreements"], ["financing-agreements", "Financing Agreements", "Financing Agreements"]], "related_snippets": [], "updated": "2025-07-07T12:37:49+00:00", "also_ask": [], "drafting_tip": null, "explanation": "A Forbearance Agreement clause outlines the terms under which a party agrees to temporarily refrain from exercising certain legal rights, such as pursuing remedies for a breach or default. In practice, this clause may specify a set period during which a lender will not enforce payment obligations or take legal action, often in exchange for the borrower meeting specific conditions or milestones. The core function of this clause is to provide a structured opportunity for the defaulting party to remedy their situation without immediate penalty, thereby offering a chance to resolve issues amicably and avoid litigation."}, "json": true, "cursor": ""}}