Common use of Tolling of Statute of Limitations Clause in Contracts

Tolling of Statute of Limitations. Each and every statute of limitations or other applicable law, rule, or regulation governing the time by which Agent must commence legal proceedings or otherwise take any action against any Loan Party with respect to any breach or default that exists on or prior to the expiration or termination of the Forbearance Period and arises under or in respect of the Credit Agreement or any other Loan Document shall be tolled during the Forbearance Period. Each Loan Party agrees, to the fullest extent permitted by law, not to include such period of time as a defense (whether equitable or legal) to any legal proceeding or other action by Agent in the exercise of its rights or remedies referred to in the immediately preceding sentence.

Tolling of Statute of Limitations. Each and every statute of limitations or other applicable law, rule, rule or regulation governing the time by which Agent must commence legal proceedings or otherwise take any action against any Loan Note Party with respect to any breach or default that exists on or prior to the expiration or termination of the Forbearance Period and arises under or in respect of the Credit Agreement Note or any other Loan Notes Document shall be tolled during the Forbearance Period. Each Loan Note Party agrees, to the fullest extent permitted by law, not to include such period of time as a defense (whether equitable or legal) to any legal proceeding or other action by Agent in the exercise of its rights or remedies referred to in the immediately preceding sentence.

Tolling of Statute of Limitations. Each and every statute of limitations or other applicable law, rule, rule or regulation governing the time by which Agent must commence legal proceedings or otherwise take any action against any Loan Party Credit Parties with respect to any breach or default that exists on or prior to the expiration or termination of the Forbearance Period and arises under or in respect of the Credit Loan Agreement or any other Loan Document the Other Documents shall be tolled during the Forbearance Period. Each Loan Credit Party agrees, to the fullest extent permitted by law, not to include such period of time as a defense (whether equitable or legal) to any legal proceeding or other action by Agent in the exercise of its rights or remedies referred to in the immediately preceding sentence.