Common use of Forbearance Period Clause in Contracts

Forbearance Period. The Forbearance shall commence on the Agreement Effective Date (as defined below) and continue until the earlier of (a) March 5, 2019 (the “Forbearance Outside Date”) and (b) the date on which any Event of Termination (as defined below) shall have occurred (the earlier of (a) and (b), the “Termination Date” and the period commencing on the Agreement Effective Date and ending on the Termination Date, the “Forbearance Period”). From and after the Termination Date, the Forbearance shall immediately and automatically terminate and have no further force or effect, and each of the Supporting Lenders and the Agent shall be released from any and all obligations and agreements under this Agreement and shall be entitled to exercise any of the Rights and Remedies as if this Agreement had never existed, and all of the Rights and Remedies under the Loan Documents and in law and in equity shall be available without restriction or modification, as if the Forbearance had not occurred.

Appears in 2 contracts

Samples: Forbearance Agreement, Forbearance Agreement (Affinion Group Holdings, Inc.)

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Forbearance Period. The Forbearance forbearance shall commence on the Agreement Forbearance Effective Date (as defined below) and continue until the earlier of (a) March 5July 15, 2019 (the “Forbearance Outside Date”) 2020, and (b) the date on which any Event of Termination (as defined below) shall have occurred (the earlier of (a) and (b), the “Termination Date” and the period commencing on the Agreement Forbearance Effective Date and ending on the Termination Date, the “Forbearance Period”). From and after the Termination Date, the Forbearance forbearance shall immediately and automatically terminate and have no further force or effect, and each of the Supporting Lenders and the Agent Holders shall be released from any and all obligations and agreements under this Agreement and shall be entitled to exercise any of the Rights rights and Remedies remedies as if this Agreement had never existed, and all of the Rights rights and Remedies remedies under the Loan Documents Indentures and the Notes and in law and in equity shall be available without restriction or modification, as if the Forbearance this forbearance had not occurred.

Appears in 1 contract

Samples: Forbearance Agreement (Valaris PLC)

Forbearance Period. The Forbearance shall commence on the Agreement Effective Date (as defined below) and continue until the earlier of (a) March 5August 14, 2019 (the “Forbearance Outside Date”) 2017 at 12:01 a.m. New York City time and (b) the date on which any Event of Termination (as defined below) shall have occurred (the earlier of (a) and (b), the “Termination Date” and the period commencing on the Agreement Effective Date and ending on the Termination Date, the “Forbearance Period”). From and after the Termination Date, the Forbearance shall immediately and automatically terminate and have no further force or effect, and each of the Supporting Lenders and the Agent Holders shall be released from any and all obligations and agreements under this Agreement and shall be entitled to exercise any of the Rights and Remedies as if this Agreement had never existed, and all of the Rights and Remedies under the Loan Notes Documents and in law and in equity shall be available without restriction or modification, as if the this Forbearance had not occurred.

Appears in 1 contract

Samples: Forbearance Agreement (Armstrong Energy, Inc.)

Forbearance Period. The Forbearance shall commence on the Agreement Effective Date (as defined below) and continue until the earlier of (a) March 5May 31, 2019 (the “Forbearance Outside Date”) 2017 at 12:01 a.m. New York City time and (b) the date on which any Event of Termination (as defined below) shall have occurred (the earlier of (a) and (b), the “Termination Date” and the period commencing on the Agreement Effective Date and ending on the Termination Date, the “Forbearance Period”). From and after the Termination Date, the Forbearance shall immediately and automatically terminate and have no further force or effect, and each of the Supporting Lenders and the Agent Holders shall be released from any and all obligations and agreements under this Agreement and shall be entitled to exercise any of the Rights and Remedies as if this Agreement had never existed, and all of the Rights and Remedies under the Loan Indenture, the Security Documents and in law and in equity shall be available without restriction or modification, as if the this Forbearance had not occurred.

Appears in 1 contract

Samples: Forbearance Agreement (Spanish Broadcasting System Inc)

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Forbearance Period. The Forbearance forbearance shall commence on the Agreement Forbearance Effective Date (as defined below) and continue until the earlier of (a) March 511:59 p.m. ET on August 3, 2019 (the “Forbearance Outside Date”) 2020, and (b) the date on which any Event of Termination (as defined below) shall have occurred (the earlier of (a) and (b), the “Termination Date” and the period commencing on the Agreement Forbearance Effective Date and ending on the Termination Date, the “Forbearance Period”). From and after the Termination Date, the Forbearance forbearance shall immediately and automatically terminate and have no further force or effect, and each of the Supporting Lenders and the Agent Holders shall be released from any and all obligations and agreements under this Agreement and shall be entitled to exercise any of the Rights rights and Remedies remedies as if this Agreement had never existed, and all of the Rights rights and Remedies remedies under the Loan Documents indentures and the notes and in law and in equity shall be available without restriction or modification, as if the Forbearance this forbearance had not occurred.

Appears in 1 contract

Samples: Forbearance Agreement (Valaris PLC)

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