FORBEARANCE AGREEMENTForbearance Agreement • August 31st, 2010 • Ultimate Escapes, Inc. • Hotels & motels
This FORBEARANCE AGREEMENT (“Agreement”) is made as of August 25, 2010, by each of the entities listed on Schedule A attached hereto (each individually a “Borrower” and collectively the “Borrowers”), each of the undersigned Guarantors (each a “Guarantor” and collectively, the “Guarantors”), CapitalSource Finance LLC, as administrative, payment and collateral agent for the benefit of itself and the other Lenders (as hereinafter defined) (in such capacities, “Agent”), CapitalSource Bahamas LLC a Delaware limited liability company, as collateral agent for the benefit of itself, Agent and the other Lenders (as hereinafter defined) (in such capacity, “Bahamas Collateral Agent”) and the Lenders (as hereinafter defined).
