ContractUnsecured Promissory Note • March 4th, 2024 • Childrens Place, Inc. • Retail-family clothing stores • New York
THIS UNSECURED PROMISSORY NOTE (THIS “NOTE”) WILL BE SUBJECT TO A SUBORDINATION AGREEMENT BETWEEN THE HOLDER AND THE SENIOR CREDITORS OF THE LOAN PARTIES, UNDER WHICH THE HOLDER'S RIGHTS AND REMEDIES UNDER THIS NOTE AND RELATED DOCUMENTS WILL BE SUBORDINATED TO THE RIGHTS AND REMEDIES OF SUCH SENIOR CREDITORS IN ACCORDANCE WITH SECTION 7 OF THIS NOTE.
FORBEARANCE AGREEMENTForbearance Agreement • March 4th, 2024 • Childrens Place, Inc. • Retail-family clothing stores
This Forbearance Agreement (this “Agreement”) is made as of February 29, 2024, by and among THE CHILDREN’S PLACE, INC., a Delaware corporation (the “Lead Borrower”), the other Borrowers listed on the signature pages hereto (together with the Lead Borrower, collectively, the “Borrowers”), the Guarantors listed on the signature pages hereto (collectively, the “Guarantors”; the Guarantors together with the Borrowers, individually, each a “Loan Party”, and, collectively, the “Loan Parties”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent and Collateral Agent (in such capacities, together with its successors and permitted assigns in such capacities, the “Agent”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as Term Agent and the Lenders party hereto, which constitute the Required Lenders under the Credit Agreement referred to below. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Credit Agreement.
