FORBEARANCE AGREEMENT, LIMITED WAIVER AND CONSENT OF GUARANTORSForbearance Agreement • October 24th, 2007 • Westaff Inc • Services-help supply services • California
This FORBEARANCE AGREEMENT, LIMITED WAIVER AND CONSENT OF GUARANTORS (this “Forbearance”) is dated as of October 18, 2007 and entered into by and among WESTAFF, INC., a Delaware corporation (“Parent”), WESTAFF (USA), INC., a California corporation (“US Borrower”), WESTAFF (U.K.) LIMITED, a limited liability company incorporated under the laws of England and Wales (“UK Borrower”) WESTAFF SUPPORT, INC., a California corporation (“Term Borrower”, and together with US Borrower and UK Borrower, the “Borrowers”), the financial institutions signatory hereto that are parties as Lenders to the Credit Agreement referred to below (the “Lenders”), and GENERAL ELECTRIC CAPITAL CORPORATION, as agent (in such capacity, the “Agent”) for the US Revolving Lenders, the Term Lenders and the UK Revolving Lenders (as defined in the Credit Agreement referred to below) and as a US Revolving Lender, a UK Revolving Lender and a Term Lender, and BANK OF AMERICA, N.A., as a US Revolving Lender, a UK Revolving Len
