Forbearance Terms. Repayment and performance of all obligations of Borrower to Bank under the Loan Agreement and this Forbearance shall be secured by the Collateral.
Forbearance Terms. I am willing but unable to make my current loan payments due to a temporary financial hardship. I request the following forbearance (check one): □ No pay forbearance - no payments are required (Refer to Section 3, Items 4 & 5 below.) □ Reduced payment forbearance - interest-only payments are required (Refer to Section 3, Items 5-8 below.) Please provide the reason you are requesting forbearance, for example, unemployment, you are enrolled in school and are not eligible for in-school deferment, financial hardship, etc. I request forbearance on all my loans effective upon receipt of this form or with the beginning of my delinquency. This forbearance will be for a 12-month period unless I indicate a shorter forbearance period below: Requested forbearance ending date: mm/yy
Forbearance Terms. During the period this Agreement is in effect, the ----------- following terms shall apply:
Forbearance Terms. Repayment and performance of all obligations of Borrowers to Bank under the Loan Agreement and this Amendment shall be and shall continue to be secured by the Collateral. The terms of the First, Second and Third Forbearance Agreements shall continue to apply except as set forth herein.
Forbearance Terms. Repayment and performance of all obligations of Borrower to Bank under the Loan Agreement and this Forbearance shall be secured by the Collateral. Borrower shall not be permitted to request and Bank shall not make any Credit Extensions until the Existing Defaults have been waived in writing by Bank.
Forbearance Terms. (a) Borrower hereby requests that Bank forbear from proceeding to exercise any and all of its rights and remedies in law or equity. Bank is willing to forbear through and including May 1, 2012 ("Forbearance Period"), if and only if:
(1) Such forbearance is without waiver of any term, covenant, or condition to be performed or satisfied by Borrower pursuant to the Loan Documents.
(2) Borrower makes full, timely, and punctual performance of each of the matters hereinafter set forth and do not do or fail to do anything that would constitute
(i) a breach of this Agreement or the documents and instruments executed in connection with this Agreement; or (ii) a further breach of the Loan Documents; and
(3) All conditions precedent provided for herein are first satisfied.
(b) In addition to Borrower performing in accordance with the terms and provisions of this Agreement and the documents and instruments executed in connection with this Agreement, Borrower shall continue to perform in accordance with the terms, covenants, and conditions of the Loan Documents. Borrower acknowledges and agrees that this Agreement is not intended to set forth all the outstanding terms, covenants, and agreements between and among the Parties, such that the absence of an express provision herein is not to be construed as an intention of Bank not to enforce such provision in any of the Loan Documents. Borrower agrees that the terms and conditions of this Agreement and the documents and instruments executed in connection with this Agreement shall be in addition to those contained in the Loan Documents.
(c) Borrower acknowledges and agrees that as of the Effective Date interest shall accrue on the unpaid principal balance of Note No. 1 at the rate of 4.50%.
(d) Borrower shall make monthly payments of principal and interest to Bank pursuant to Note No. 1 in the amounts set forth in the Loan Amortization Schedule attached hereto as Exhibit A beginning on October 1, 2011 and continuing on the first day of each and every month thereafter through and including May 1, 2012.
(e) Borrower acknowledges and agrees that interest has been and shall continue to accrue on the unpaid principal balance due and owing under Note No. 2 at a rate equal to the Index, as said rate may change from time to time.
(f) Borrower acknowledges and agrees that it shall continue to make equal monthly payments of principal and interest required pursuant to Note No. 2 beginning on October 1, 2011 continuing on the first day...
Forbearance Terms. On the Effective Date (defined below), the following terms shall apply:
Forbearance Terms. During the Forbearance Period, Borrower agrees to deliver to Bank, on or before September 1, 2006, a revised operating budget (including income statements, balance sheets and cash flow statements, by quarter) for the remainder of Borrower's 2007 fiscal year. Borrower agrees that the failure to deliver such revised budget by such date shall constitute an immediate Event of Default and shall entitled Bank to terminate the Forbearance Period without notice to Borrower.
Forbearance Terms. Cxxxxxxxx agrees to temporarily forbear from exercising its rights under the Loan Documents; provided, however, Bxxxxxxx and Guarantor adhere to the following:
A. On or before the Termination Date, make full and irrevocable repayment of the Loan and all Indebtedness then outstanding thereunder to Crestmark by replacement financing from another lender or otherwise.
Forbearance Terms. The Administrative Agent’s and the Lenders’ agreement to forbear is subject to the following terms and conditions:
