Common use of Forbearance; Forbearance Default Rights and Remedies Clause in Contracts

Forbearance; Forbearance Default Rights and Remedies. (a) Effective as of the Forbearance Effective Date, the Lenders agree that until the expiration or termination of the Forbearance Period (as hereinafter defined), they will temporarily forbear from exercising their respective default-related rights and remedies against Borrower or any other Loan Party solely with respect to the Specified Default. As used herein, the term “

Appears in 2 contracts

Samples: Second Forbearance Agreement to Credit Agreement (Buffets Holdings, Inc.), Forbearance Agreement And (Buffets Holdings, Inc.)

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Forbearance; Forbearance Default Rights and Remedies. (a) A. Effective as of the Forbearance Effective Date, the Lenders agree that until the expiration or termination of the Forbearance Period (as hereinafter defined), they will temporarily forbear from exercising their respective default-related rights and remedies against Borrower or any other Loan Party solely with respect to the Specified DefaultDefaults. As used herein, the term “

Appears in 1 contract

Samples: Forbearance Agreement (Buffets Holdings, Inc.)

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Forbearance; Forbearance Default Rights and Remedies. (a) Effective as of the Forbearance Effective Date, each of the Lenders agree Lender Parties agrees that until the expiration or termination of the Forbearance Period (as hereinafter defined), they it will temporarily forbear from exercising their respective its default-related rights and remedies against Borrower or any other Loan Party solely with respect to the Specified Default. As used hereinDefaults; provided, however, (i) the term “Obligations shall

Appears in 1 contract

Samples: Forbearance Agreement (Medical Staffing Network Holdings Inc)

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