Forbearance Note Sample Clauses

Forbearance Note. On the date hereof, EasyLink shall execute and deliver to GATX a promissory note in the principal amount of $8,583,844.21 (the "Forbearance Note). The Forbearance Note shall be payable on demand after October 31, 2001, and shall accrue interest at the rate of 12% per annum beginning from June 1, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A.
Sample 1
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Forbearance Note. On the date hereof, in exchange for the conversion of all present and future payments under the Leases, EasyLink shall execute and deliver to Fleet a promissory note in the principal amount of $2,271,102.00 (the "Forbearance Note). The Forbearance Note shall be payable on demand after October 31, 2001, and shall accrue interest at the rate of 12% per annum beginning from June 1, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A. The Forbearance Note shall continue to be secured by the Leased Equipment pursuant to the Leases, provided that Fleet shall release such security interest in any Leased Equipment that Fleet sells to EasyLink pursuant to Section 6 or otherwise.
Sample 1
Forbearance Note. On the date hereof, EasyLink shall execute and deliver to LTI a promissory note in the principal amount of $802,000 (the "Forbearance Note). The Forbearance Note shall be payable on demand after November 30, 2001, and shall accrue interest at the rate of 12% per annum beginning from August 1, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A. The Forbearance Note shall continue to be secured by the Leased Equipment pursuant to the Lease, provided that LTI shall release such security interest in any Leased Equipment that LTI sells to EasyLink pursuant to Section 6 or otherwise.
Sample 1
Forbearance Note. On the date hereof, EasyLink shall execute and deliver to MicroTech a promissory note in the principal amount of $1,038,468.14 (the "Forbearance Note). The Forbearance Note shall be payable on demand after October 31, 2001, and shall accrue interest at the rate of 12% per annum beginning from August 1, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A. The Forbearance Note shall continue to be secured by the Leased Equipment pursuant to the Lease, provided that MicroTech shall release such security interest in any Leased Equipment that MicroTech sells to EasyLink pursuant to Section 6 or otherwise.
Sample 1
Forbearance Note. On the date hereof, EasyLink shall execute and deliver to Pentech a promissory note in the principal amount of $1,777,000 (the "Forbearance Note). The Forbearance Note shall be payable on demand after October 31, 2001, and shall accrue interest at the rate of 12% per annum beginning from June 30, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A. The Forbearance Note shall continue to be secured by the Leased Equipment pursuant to the Lease, provided that Pentech shall release such security interest in any Leased Equipment that Pentech sells to EasyLink pursuant to Section 6 or otherwise.
Sample 1
Forbearance Note. On the date hereof, in exchange for the conversion of all present and future payments under the Lease, EasyLink shall execute and deliver to Xxxxxxxx a promissory note in the principal amount of $2,203,789 (the "Forbearance Note). The Forbearance Note shall be payable on demand after October 31, 2001, and shall accrue interest at the rate of 12% per annum beginning from June 1, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A. The Forbearance Note shall continue to be secured by the Leased Equipment pursuant to the Lease, provided that Xxxxxxxx shall release such security interest in any Leased Equipment that Xxxxxxxx sells to EasyLink pursuant to Section 6 or otherwise.
Sample 1

Related to Forbearance Note

  • Forbearance Not Waiver Sponsor’s failure or neglect to enforce any of its rights under this Grant Contract shall not be deemed to be a waiver of Sponsor's rights.

  • Forbearance Not a Waiver If a Holder or the Representative delays in exercising or fails to exercise any of its rights under a Note or this Revenue Sharing Agreement, that delay or failure shall not constitute a waiver of any rights or of any breach or default. No waiver by a Holder or the Representative shall be effective unless the waiver is expressly stated in a writing signed by the Holder or the Representative, as the case may be.

  • Forbearance Agreement Except as otherwise expressly provided herein, (i) the Forbearance Agreement is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that on and after the date hereof (A) all references in the Forbearance Agreement to "this Forbearance Agreement ", "hereto", "hereof", "hereunder" or words of like import referring to the Forbearance Agreement shall mean the Forbearance Agreement as amended and modified by this Amendment, and (B) all references in the Financing Agreement or any other Loan Document to the " Forbearance Agreement ", "thereto", "thereof", "thereunder" or words of like import referring to the Forbearance Agreement shall mean the Forbearance Agreement as amended and modified by this amendment. This Amendment shall be effective only in the specific instances and for the specific purposes set forth herein and does not allow for any other or further departure from the terms and conditions of the Forbearance Agreement or the Financing Agreement which terms and conditions shall remain in full force and effect.

  • Borrower Not Released; Forbearance By Lender Not a Waiver Borrower or any Successor in Interest of Borrower will not be released from liability under this Security Instrument if Lender extends the time for payment or modifies the amortization of the sums secured by this Security Instrument. Xxxxxx will not be required to commence proceedings against any Successor in Interest of Borrower, or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument, by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Xxxxxx in exercising any right or remedy including, without limitation, Xxxxxx’s acceptance of payments from third persons, entities, or Successors in Interest of Borrower or in amounts less than the amount then due, will not be a waiver of, or preclude the exercise of, any right or remedy by Lender.

  • Amendment and Waiver; Failure or Indulgence Not Waiver No provision of this Agreement may be amended or waived by the parties from and after the date that is one (1) Business Day immediately preceding the initial filing of the Registration Statement with the SEC. Subject to the immediately preceding sentence, (i) no provision of this Agreement may be amended other than by a written instrument signed by both parties hereto and (ii) no provision of this Agreement may be waived other than in a written instrument signed by the party against whom enforcement of such waiver is sought. No failure or delay in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege.

  • Forbearance Period If an Event of Default of the type referred to in Section 16.1(h) occurs, Vitol agrees that, for a period of up to sixty (60) consecutive calendar days thereafter (the “Forbearance Period”), it shall forbear from exercising its rights and remedies under Section 16.2 to the extent it is otherwise entitled to do so based on such occurrence; provided that: (a) at all times during the Forbearance Period, either the Cover Exposure shall equal zero or the aggregate amount of Undrawn Letters of Credit shall exceed the Cover Exposure; and (b) at no time during the Forbearance Period shall any other Event of Default have occurred. The Forbearance Period shall end on the earlier to occur of (i) the sixtieth (60th) day following the occurrence of the Specified Indebtedness Event of Default or (ii) the time as of which the condition in either clause (a) or (b) of Section 16.4 is no longer satisfied. During the Forbearance Period, Vitol shall continue to supply Crude Oil to Coffeyville pursuant to the provisions hereof. From and after the end of the Forbearance Period, Vitol shall be entitled to exercise any and all of the rights and remedies it may have (including under Section 16.2) based on the occurrence of such Event of Default as if no Forbearance Period had occurred (regardless of whether such Event of Default has been remedied or waived during such Forbearance Period).

  • Indulgence Not Waiver The indulgence of either party with regard to any breach or failure to perform any provision of this Agreement shall not be deemed to constitute a waiver of the provision or any portion of this Agreement, either at the time of the breach or failure occurs, or at any time throughout the term of this Agreement.

  • Forbearance Fee In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Forbearance Amendment and Fifteenth Amendment Effective Date, (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, and (iii) paid to the Lender in good and collected upon the execution of this Agreement.

  • Revolving Note The Revolving Loans made by each Lender shall, in addition to this Agreement, also be evidenced by a promissory note of the Borrower substantially in the form of Exhibit K (each a “Revolving Note”), payable to the order of such Lender in a principal amount equal to the amount of its Commitment as originally in effect and otherwise duly completed.

  • Guidance Note Insert full details of the change including: Reason for the change; Full Details of the proposed change; Likely impact, if any, of the change on other aspects of the Contract;

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