Forbearance Defaults definition

Forbearance Defaults means defaults or Events of Default alleged in or in connection with (a) the May 2014 Transactions, (b) the Services Transactions, (c) the CEC Transactions, (d) the Incurrence Transactions, (e) the Restricted Transactions, (f) the Caesars Cases, (g) the Caesars-Commenced Litigation, and (h) any actions taken pursuant to and in compliance with the terms of this Agreement.

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Forbearance Defaults means defaults or Events of Default alleged in or in connection with (a) the May 2014 Transactions, (b) the Services Transactions, (c) the CEC Transactions, (d) the Incurrence Transactions, (e) the Restricted Transactions, (f) the Caesars Cases, and (g) any actions taken pursuant to and in compliance with the terms of this Agreement.

Forbearance Defaults means defaults or Events of Default alleged in or in connection with (a) the May 2014

Examples of Forbearance Defaults in a sentence

• Nothing in this Amendment shall be construed to waive, modify, or cure any default or Event of Default or Forbearance Default (other than the Identified Forbearance Defaults) that exist that exists or may exist under the Forbearance Agreement or other Loan Document.

• As of the Forbearance Effective Date, no Event of Default or Default (other than the Forbearance Defaults) has occurred and is continuing or will result from the consummation of the transactions contemplated by this Agreement.

• Each of the Loan Parties acknowledges that the Lender Parties have not made any assurances concerning any extension of the Forbearance Period or waiver of any Forbearance Defaults.

• Subject to the terms and conditions hereof, the Administrative Agent and the Majority Lenders party hereto agree to forbear, during the Forbearance Period, from the exercise of all rights or remedies under the Credit Agreement and the other Loan Documents and applicable law (including, but not limited to, initiating any proceedings to collect the Indebtedness, initiating or repossessing or commencing a foreclosure of any Collateral), solely as a result of the occurrence of the Forbearance Defaults.

• Except for the Forbearance Defaults, no Event of Default has occurred or is continuing.

More Definitions of Forbearance Defaults

Forbearance Defaults has the meaning given such term in the Recitals hereto.

Forbearance Defaults means (i) the Certain Existing Defaults, (ii) the Anticipated Defaults, and (iii) any other Default or Event of Default that has occurred and was continuing prior to the date hereof.

Forbearance Defaults means (i) the failure of the Borrowers to comply with clauses (a), (c), (d) and (e) of Section 7.12 of the Credit Agreement for the period ended September 30, 2009, (ii) the occurrence of a Material Adverse Effect under Section 9.01(l) of the Credit Agreement due to the default and termination notices received from Enterra Acquisition Corp. regarding the Farmout Agreement and due to the cash shortage projected by the Borrowers in the “Cash Flow Projection through 2010” previously delivered to the Administrative Agent, (iii) the failure of the Borrowers to obtain the Equity Contribution described in the Recitals to the Ninth Amendment and in Section 6.24 of the Credit Agreement and (iv) the failure of the Borrowers to satisfy the Loan Excess existing on the Effective Date.

Forbearance Defaults means defaults or Events of Default alleged in or in connection with (a) the May 2014 Transactions, (b) the Services Transactions, (c) the CEC Transactions, (d) the Incurrence Transactions, (e) the Restricted

Forbearance Defaults means any Default or Event of Default arising (i) solely as the

Forbearance Defaults has the meaning set forth in Section 4.

Forbearance Defaults. (a) any PE Party shall fail to observe or perform any term, covenant, or agreement binding on it contained in this Agreement, or any other agreement, instrument, or document executed in connection with this Agreement; or (b) the occurrence of a default or event of default under the Note or any of the Loan Documents, other than the Anticipated Defaults; or (c) any instrument, document, report, schedule, agreement, representation or warranty, oral or written, made or delivered to Lender by any PE Party shall be false or misleading in any material respect when made, or deemed made, or delivered; or (d) any event of default has occurred and is outstanding under the WestLB Forbearance Agreement, or the Wachovia Forbearance Agreement, or both, or either such forbearance agreement has terminated. Upon the occurrence of any Forbearance Default, Lender may by notice to the PE Parties immediately terminate the Forbearance Period and/or declare all of the obligations under the Loan Documents immediately due and payable; provided, however, that upon the occurrence of any event of default described in sub-paragraph (c) or (d) of Section 4 of the Note, the Forbearance Period shall automatically terminate and all obligations under the Note or under any other Loan Document shall automatically become immediately due and payable, without notice or demand of any kind. Upon the termination or expiration of the Forbearance Period, if at such time the outstanding amount of the obligations under the Loan Documents have not been paid in full, Lender shall be entitled to exercise all of its rights and remedies under the Note, the Loan Documents and applicable law, including, without limitation, the right to declare all of the obligations thereunder to be immediately due and payable and to enforce its liens on, and security interests in, the property of any PE Party in which Lender has been granted a security interest under any of the Loan Documents and enforce the PAP Guaranty and the PECA Guaranty. The occurrence of any Forbearance Default shall constitute an additional Event of Default under the Note and the other Loan Documents, and the Note each of the other Loan Documents is hereby deemed amended to incorporate such additional Event of Default.