Common use of Nature of the Forbearance Clause in Contracts

Nature of the Forbearance. The forbearance set forth herein is limited and shall not be deemed (i) a waiver of any Default or Event of Default, including the Existing Defaults, which now exist or may hereafter arise, (ii) a forbearance with respect to any term, condition or obligation of the Borrowers in the Credit Agreement or any other Loan Document other than the Existing Defaults, (iii) a waiver of any of the conditions precedent to Credit Extensions contained in Section 7.2 of the Credit Agreement or (iv) subject to the terms contained herein, to prejudice any right or remedy which any Agent or any Lender may now or in the future have under or in connection with the Credit Agreement or any other Loan Document.