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.
Forbearance Defaults means claims under, 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 Bank Guaranty Agreement and (h) any actions taken pursuant to and in compliance with the terms of this Agreement.
Forbearance Defaults has the meaning given such term in the Recitals hereto.
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.
The representations and warranties contained herein shall be true and correct, and no Forbearance Default, Default, Event of Default or event which with notice, the passage of time or both would constitute a Forbearance Default and/or an Event of Default, other than the Current Forbearance Defaults and the Specified Defaults, shall exist on the date hereof or on the Waiver Effective Date.
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.
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.
Except for the Forbearance Defaults, no Event of Default has occurred or is continuing.
More Definitions of Forbearance Defaults
Forbearance Defaults means any Default or Event of Default arising (i) solely as the
Forbearance Defaults. Any Credit Party shall fail to observe or perform any term, covenant, or agreement binding on it contained in this Agreement (including, without limitation, Section 8 of this Agreement) or any other agreement, instrument, or document executed in connection herewith, except as specifically described in Schedule III;
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. (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.
Forbearance Defaults and all references throughout the Forbearance Agreement and substituting therefor the term "Existing Forbearance Defaults";