Termination of Forbearance. Upon the occurrence of any Termination Event (as defined below) and at any time after such occurrence during which a Termination Event is continuing, the Agents are entitled to, without prior notice to the Credit Parties, immediately terminate the Forbearance Period, unless such Termination Event is an Event of Default described in Section 12.1(C) of the Credit Agreement, in which case the Forbearance Period automatically terminates without demand or notice of any kind. For purposes of this Amendment, "Termination Event" means:
Termination of Forbearance. If any one or more of the Termination Events occur, Lender's agreement to forbear as set forth in Section 3 of this Amendment No. 4 shall, at Lender's election, upon written notice to or demand upon Borrowers (it being agreed by the parties that such notice may be delivered by facsimile with a copy to Borrowers' counsel), terminate and Lender shall thereupon have and may exercise from time to time all of the remedies available to it under the Loan Agreements and applicable law as a consequence of an Event of Default, without further notice, demand or presentment.
Termination of Forbearance. Upon the occurrence of any Forbearance Termination Event, this Forbearance Agreement and the forbearance provided for herein shall immediately and automatically terminate (such date of termination, the “Termination Date”), as if this Forbearance Agreement had not been entered into on the date hereof.
Termination of Forbearance. The Forbearance shall commence on the date hereof and continue until the earlier of (a) the Forbearance End Date, and (b) the date on which any of the following events shall occur:
Termination of Forbearance. On and after the termination of the Forbearance Period, the Holder's agreement hereunder to forbear shall terminate automatically without further act or action by the Holder. The Company expressly acknowledges and agrees that the effect of such termination will be to permit the Holder to exercise immediately any and all Remedies available to them under the Documents and this Forbearance Agreement, at law, in equity or otherwise, without any further lapse of time, expiration of applicable grace periods, or (except as otherwise required under provisions of applicable law that cannot be waived) requirements of demand, presentment, or notice, all of which are expressly waived by the Company, and to the same extent as if the Holder had not agreed to forbear in this Forbearance Agreement. The Holder shall have no obligation whatsoever after the termination of the Forbearance Period to extend the maturity of the Indebtedness owed under the Documents, waive any Events of Default or Defaults, defer any payments, or further forbear from exercising their rights and Remedies.
Termination of Forbearance. (a) The occurrence of any of the following events or circumstances shall constitute a termination event with respect to the Limited Forbearance (each, a “Termination Event”):
Termination of Forbearance. Summit’s agreement to forbear shall automatically terminate, without any notice to Client or Guarantors or any right to cure, upon the earlier of (i) July 31, 2009, or (ii) upon the occurrence of any of the following:
Termination of Forbearance. If any one or more of the Forbearance Conditions is not satisfied at any time (time being of the essence), the agreement to forbear as set forth in Section 3(a) of this Agreement shall terminate (unless the failure to satisfy any Forbearance Condition is waived in writing by the Required Lenders, in their sole discretion). On and after the Forbearance Termination Date, Lender Parties shall be authorized, at any time and without further notice to or demand upon Borrowers or any other Person, to enforce all of their respective remedies under the Loan Agreement and the Other Documents and Applicable Law. Notwithstanding anything to the contrary contained in this Agreement or any Loan Document, Agent shall not be required to exercise any rights and remedies with respect to any Blocked Account, Operating Account, deposit account or control account or under any bank agency, control, lockbox, depository or similar agreement (including the rights set forth in Sections 4.14(d) and (h) of the Loan Agreement), either prior to or after the Forbearance Termination Date, unless Agent so elects or it is directed to do so by the Required Lenders; provided, however, that, notwithstanding the Forbearance Termination Date, Agent shall not apply Borrowers' cash on hand or in deposit accounts to the payment of any of the Obligations (other than for the payment of Bank Product Obligations and other than cash collateral for Letters of Credit or Bank Product Obligations) without first having provided at least two (2) Business Days' prior written notice to any Loan Party or such Loan Party's legal counsel (except that the requirement for giving such notice shall not apply if a Lien Enforcement Action is commenced or undertaken with respect to any such cash to the extent necessary for Agent to assert or enforce the priority of its Lien and to obtain the proceeds thereof as against the Person undertaking such Lien Enforcement Action).
Termination of Forbearance. This Amendment does not constitute a waiver or forbearance with respect to any Default other than the Existing Defaults. In the event that prior to December 14, 1998 any further Defaults occur under the Credit Agreement (i.e., other than the Existing Defaults), then the Agent and the Banks shall have the right and option, in their discretion and without notice to Borrower or any Obligated Party, to (i) terminate the Forbearance, (ii) refuse to extend additional credit to Borrower under the Loan Documents, (iii) prohibit Borrower from Converting and Continuing Accounts and (iv) exercise any and all of the rights and remedies under the Loan Documents or otherwise arising as a result of such Existing Defaults (the earlier of December 14, 1998 or the date of the termination of the Forbearance under this Section 3.2, herein the "Forbearance Termination Date").
Termination of Forbearance. Town's obligation to forbear from the exercise of its remedies as to the Agreements and/or the Land Development Ordinance shall terminate if any one or more of the following events shall occur:
