Examples of Forbearance Effective Date in a sentence
Each Loan Party acknowledges and agrees that all such Liens granted by such Loan Party continue to secure the Secured Obligations notwithstanding the occurrence of the Forbearance Effective Date.
The execution and delivery of this Agreement by any Lender prior to the Forbearance Effective Date shall be binding upon its successors and assigns and shall be effective as to any Loans or Commitments assigned to it after such execution and delivery.
Each of the Company Parties acknowledges and agrees that any financial accommodation that any Directing Noteholder makes on or after the Forbearance Effective Date with respect to the Notes has been made by any such Directing Noteholders in reliance upon, and is consideration for, among other things, the general releases and indemnities contained in Section 6.1 hereof, and the other covenants, agreements, representations and warranties of the each of the Company Parties hereunder.
SECTION 3.2 No Default or Event of Default (other than the Designated Default) shall have occurred and be continuing as of the Forbearance Effective Date.
SECTION 3.3 The representations and warranties in Article V hereof shall be true and correct in all material respects as of the Forbearance Effective Date.