FORBEARANCE AGREEMENTForbearance Agreement • April 3rd, 2009 • Panolam Industries International Inc • Miscellaneous furniture & fixtures
THIS FORBEARANCE AGREEMENT (this “Agreement”) is entered into as of March 31, 2009, by and among Panolam Holdings II Co. (“Holdings”), Panolam Industries International, Inc. (“Company” and together with Holdings, the “Borrower Parties” and each a “Borrower Party”), the Requisite Lenders (as defined below) and Credit Suisse, Cayman Islands Branch, as administrative agent (“Agent”), as parties to the Credit Agreement (defined below). Capitalized terms used in this Agreement which are not otherwise defined herein, shall have the meanings given such terms in the Credit Agreement.
