Forbearance Letter definition
Examples of Forbearance Letter in a sentence
Except as amended hereby, all of the Loan Documents including, but not limited to, the Forbearance Letter Agreement as the same has been amended from time to time, shall remain in full force and effect and bind and inure to the benefit of the parties thereto and are hereby ratified and confirmed.
Capitalized terms not otherwise defined herein shall have the meanings set forth in the Loan Agreement or the Forbearance Letter (as hereafter defined).
Execution of this Amendment is not intended to and shall not constitute a waiver by the Lender of any Event of Default or event that with notice or the passage of time, or both, would constitute an Event of Default, including, without limitation, any Events of Default set forth in the Forbearance Letter.
This Forbearance Letter may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a single copy of this Forbearance Letter.
This Forbearance Letter and any non-contractual arrangements arising out of or in relation to it shall be governed by English law.
Pursuant to an Amendment and Forbearance Agreement dated April 14, 1999 among Agent, Lender, Borrowers and the Guarantors (as amended, modified or supplemented from time to time the "Forbearance Letter"), Agent agreed, among other things, to extend the period for making special advances to August 15, 1999 and to forbear from exercising any remedies under the Loan Agreement until August 15, 1999 with respect to the occurrence of a Designated Default.
The undersigned hereby represents and warrants that the undersigned has full power and authority to enter into this Lock-Up & Forbearance Letter Agreement and that, upon request, the undersigned will execute any additional documents necessary in connection with the enforcement hereof.
The Parent and Borrowers requested that the Lenders and Citicorp USA, Inc., as holder of the Supplemental Term Loan Note (the "Term Note Holder"), waive or forbear from exercising their rights and remedies with respect to the aforesaid Events of Default and the Lenders signatory to the Sub Debt Forbearance Letter agreed to such forbearance on the terms and conditions set forth therein.
The Option Forbearance Letter is in full force and effect as of the Closing Date.
The provisions of Clauses 44 (Remedies and Waivers) and 49 (Enforcement) of the Facility Agreement shall apply in relation to this Second Long-Term Forbearance Letter as if such provisions were restated in this Second Long-Term Forbearance Letter in their entirety, but with references in Clause 49 (Enforcement) to “Finance Documents” and “this Agreement” construed to refer to this Second Long-Term Forbearance Letter.