Common use of Limitation on Forbearance Extension Clause in Contracts

Limitation on Forbearance Extension. Except as set forth herein, none of the Lenders or the Administrative Agent shall have any obligation to extend an Applicable Forbearance Period, or enter into any other waiver, forbearance or amendment, and the Lenders’ and the Administrative Agent’s agreement to permit any such extension, or enter into any other waiver, forbearance or amendment shall be subject to the sole discretion of the Required Lenders (or, if required by Section 10.01 of the Credit Agreement, each Lender and each applicable Class of Lenders required thereby). Any agreement by any Lender or the Administrative Agent to extend an Applicable Forbearance Period, if any, or enter into any other waiver, forbearance or amendment, must be set forth in writing and signed by a duly authorized signatory of the Administrative Agent and the Required Lenders (or, if required by Section 10.01 of the Credit Agreement, each Lender and each applicable Class of Lenders required thereby). The Borrower and the other Credit Parties each acknowledge that the Lenders and the Administrative Agent have not made any assurances concerning any possibility of an extension of an Applicable Forbearance Period or the entering into of any waiver, forbearance or amendment.

Limitation on Forbearance Extension. Except as set forth herein, none None of the Lenders or the Administrative Agent shall have any obligation to extend an Applicable the Forbearance Period, or enter into any other waiver, forbearance or amendment, and the Lenders’ and the Administrative Agent’s agreement to permit any such extension, or enter into any other waiver, forbearance or amendment shall be subject to the sole discretion of the Required Majority Lenders (or, if required by Section 10.01 of the Senior Prepetition Credit Agreement, the Majority Facility Lenders, or each “affected” Lender or, in every other case, each Lender and each applicable Class of Lenders required thereby). Any agreement by any Lender or the Administrative Agent to extend an Applicable the Forbearance Period, if any, or enter into any other waiver, forbearance or amendment, must be set forth in writing and signed by a duly authorized signatory of the Administrative Agent and the Required Majority Lenders (or, if required by Section 10.01 of the Senior Prepetition Credit Agreement, the Majority Facility Lenders, or each “affected” Lender or, in every other case, each Lender and each applicable Class of Lenders required thereby). The Borrower and the other Credit Parties each acknowledge Each Loan Party acknowledges that the Lenders and the Administrative Agent have not made any assurances concerning any possibility of an extension of an Applicable the Forbearance Period or the entering into of any waiver, forbearance or amendment.

Limitation on Forbearance Extension. Except as set forth herein, none of the Lenders or the Administrative Agent shall have any obligation to extend an Applicable the Forbearance Period, or enter into any other waiver, forbearance or amendment, and the Lenders’ and the Administrative Agent’s agreement to permit any such extension, or enter into any other waiver, forbearance or amendment shall be subject to the sole discretion of the Required Lenders (or, if required by Section 10.01 of the Credit Term Loan Agreement, each Lender and each applicable Class of Lenders required therebyLender). Any agreement by any Lender (or the Administrative Agent on its behalf) to extend an Applicable the Forbearance Period, if any, or enter into any other waiver, forbearance or amendment, must be set forth in writing and signed by a duly authorized signatory of the Administrative Agent and the Required Lenders (or, if required by Section 10.01 of the Credit Term Loan Agreement, each Lender and Lender) (or signed by the Administrative Agent on behalf of the Required Lenders, or each applicable Class of Lenders required therebyLender, as applicable). The Borrower Borrowers and the other Credit Loan Parties each acknowledge that that, as of the date hereof, the Lenders and the Administrative Agent party hereto have not made any assurances concerning any possibility of an extension of an Applicable the Forbearance Period or the entering into of any waiver, forbearance or amendment.