FORBEARANCE AGREEMENTForbearance Agreement • November 10th, 2016 • Trans Energy Inc • Crude petroleum & natural gas • New York
This FORBEARANCE AGREEMENT, dated as of August 16, 2016 (this “Agreement”), is made by and among AMERICAN SHALE DEVELOPMENT, INC., a Delaware corporation (the “Borrower”), each of the undersigned Specified Parties (together with the Borrower, the “Obligors”), each of the undersigned Lenders party to the Credit Agreement, each of the undersigned Lender Hedge Counterparties, and MORGAN STANLEY CAPITAL GROUP INC., as administrative agent for the Secured Parties (in such capacity, together with its successors in such capacity, the “Administrative Agent”). Capitalized terms used herein but not defined herein shall have the meanings ascribed to them in the Credit Agreement referred to below. Unless otherwise indicated, all section references in this Agreement refer to the applicable section of the Credit Agreement.
