Common use of Restrictions on Cure Rights; Accordion Clause in Contracts

Restrictions on Cure Rights; Accordion. Notwithstanding anything in the Credit Agreement to the contrary, Holdings and the Company shall not, directly or indirectly, (x) exercise the Cure Right described in Section 8.3 of the Credit Agreement, or (y) increase the existing Revolving Loan Commitments or establish one or more New Term Loan Commitments pursuant to Section 2.25 of the Credit Agreement.

Appears in 2 contracts

Samples: Second Forbearance Agreement (Simmons Co), Second Forbearance Agreement (Simmons Co)

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Restrictions on Cure Rights; Accordion. Notwithstanding anything in the Credit Agreement to the contrary, Holdings and the Company Borrower shall not, directly or indirectly, (x) exercise the Cure Right any “equity cure right” described in Section 8.3 8.05 of the Credit Agreement, or (y) increase the existing request, effect or incur any Revolving Loan Commitments Commitment Increase or establish one or more New any Incremental Term Loan Commitments Loans pursuant to Section 2.25 2.14 of the Credit Agreement.

Appears in 2 contracts

Samples: Forbearance Agreement (Station Casinos Inc), Second Forbearance Agreement (Station Casinos Inc)

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