Common use of Termination of Forbearance Period Clause in Contracts

Termination of Forbearance Period. Upon the termination of the Forbearance Period, all forbearances, deferrals and indulgences granted by the Agents and Lenders in Section 2(a) above shall automatically terminate, and the Agents and Lenders shall thereupon have, and shall be entitled to exercise, any and all rights and remedies which the Agents and/or Lenders may have upon the occurrence of an Event of Default, including, without limitation, the Specified Defaults, without any further notice.

Appears in 2 contracts

Samples: Forbearance Agreement (AgileThought, Inc.), Forbearance Agreement (AgileThought, Inc.)

AutoNDA by SimpleDocs

Termination of Forbearance Period. Upon the termination of the Forbearance Period, all forbearances, deferrals and indulgences granted by the Agents Agent and Lenders in Section 2(a) above shall automatically terminate, and the Agents Agent and Lenders shall thereupon have, and shall be entitled to exercise, any and all rights and remedies which the Agents Agent and/or Lenders may have upon the occurrence of an Event of Default, including, without limitation, the Specified Defaults, without any further notice.

Appears in 1 contract

Samples: Loan and Security Agreement (iMedia Brands, Inc.)

AutoNDA by SimpleDocs

Termination of Forbearance Period. Upon the termination of the Forbearance Period, all forbearances, deferrals and indulgences granted by the Agents Agent and Lenders in Section 2(a2(b) above shall automatically terminate, and the Agents Agent and Lenders shall thereupon have, and shall be entitled to exercise, any and all rights and remedies which the Agents Agent and/or Lenders may have upon the occurrence of an Event of Default, including, without limitation, the Specified Existing Defaults, without any further notice.

Appears in 1 contract

Samples: Forbearance Agreement (iMedia Brands, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.