Future Forbearance Sample Clauses

Future Forbearance. Nothing contained herein shall be deemed to obligate Lender to enter into any other forbearance agreements or to waive any Events of Default.
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Future Forbearance. Nothing contained herein shall be deemed to obligate Lenders to enter into any other forbearance agreements or to waive any Events of Default.
Sample 1
Future Forbearance. If any of the Events of Default listed on Schedule 1 attached hereto occur after the date hereof (the"Specified Defaults"), the Lender agrees to forbear from exercising its right to accelerate the maturity of the Obligations or to cease making Revolving Credit Loans as a result of the occurrence of such Events of Default listed on Schedule 1 attached hereto until the earliest of (i) the date ninety (90) days from the date as of which this Amendment is being executed, (ii) the date that any other Default or Event of Default (including, without limitation, an Event of Default under and as defined in the Subordinated Debt Agreements) shall occur and (iii) the termination of the Vineland Purchase and Sale Agreement or the occurrence of some other event (x) as a result of which the conditions to consummating the Vineland Sale can not be satisfied on or before ninety (90) days from the date as of which this Amendment is being executed or (y) which results in the Vineland Sale not being consummated on or before ninety (90) days from the date as of which this Amendment is being executed (the earliest of the dates set forth in clauses (i), (ii) and (iii) referred to herein as the "Forbearance Termination Date). The Borrowers acknowledge and agree that any Event of Default under and as defined in the Subordinated Debt Agreements that has not been expressly waived by American Capital pursuant to Section 4.3 of Amendment No. 2 to Note and Equity Purchase Agreement dated of even date herewith shall constitute an Event of Default under and as defined in the Loan Agreement. On and after the Forbearance Termination Date, the Lender shall be free in its sole and absolute discretion to proceed to enforce any or all of its rights, and to exercise any or all of its remedies under or in respect of the Loan Agreement, the Notes or the other Loans Documents and applicable law. The Borrowers will continue to be required to be in compliance with those covenants listed on Schedule 1 attached hereto at all times after such forbearance under this paragraph ends.
Sample 1

Related to Future Forbearance

  • Conditions Precedent to all Extensions of Credit The obligation of the Lender Group (or any member thereof) to make any Revolving Loans hereunder (or to extend any other credit hereunder) at any time shall be subject to the following conditions precedent:

  • Conditions Precedent to Each Extension of Credit Before any extension of credit governed by this agreement, whether by disbursement of a loan, issuance of a letter of credit or otherwise, the following conditions must be satisfied:

  • Conditions Precedent to All Loans and Letter of Credit Accommodations Each of the following is an additional condition precedent to Lender making Loans and/or providing Letter of Credit Accommodations to Borrower, including the initial Loans and Letter of Credit Accommodations and any future Loans and Letter of Credit Accommodations:

  • Waivers, Amendment and Remedies No course of dealing by the Collateral Agent and no failure by the Collateral Agent to exercise, or delay by the Collateral Agent in exercising, any right, remedy or power hereunder shall operate as a waiver thereof, and no single or partial exercise thereof shall preclude any other or further exercise thereof or the exercise of any other right, remedy or power of the Collateral Agent. No amendment, modification or waiver of any provision of this Agreement and no consent to any departure by Debtor therefrom, shall, in any event, be effective unless contained in a writing signed by the Collateral Agent, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. The rights, remedies and powers of the Collateral Agent, not only hereunder, but also under any instruments and agreements evidencing or securing the Obligations and under applicable law are cumulative, and may be exercised by the Collateral Agent from time to time in such order as the Collateral Agent may elect.

  • Conditions Precedent to Initial Extension of Credit The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

  • Conditions Precedent to Effectiveness of this Amendment This Amendment shall not become effective until all of the following conditions precedent shall have been satisfied in the sole discretion of Agent or waived by Agent:

  • CONDITIONS OF EACH EXTENSION OF CREDIT The obligation of Bank to make each extension of credit requested by Borrower hereunder shall be subject to the fulfillment to Bank's satisfaction of each of the following conditions:

  • Conditions Precedent to Each Loan and Letter of Credit The obligation of each Lender on any date (including the Closing Date) to make any Loan and of each Issuer on any date (including the Closing Date) to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

  • Conditions Precedent to Each Credit Event The occurrence of each Credit Event (including the initial Borrowing) is subject to the further conditions that:

  • No Extension or Amendment of Receivables Except as otherwise permitted in Section 7.2, neither the SPV nor the Servicer shall extend, amend or otherwise modify the terms of any Receivable, or amend, modify or waive any term or condition of any Contract related thereto.

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