Examples of Forbearance Maturity Date in a sentence
All covenants, agreements and other obligations of the Loan Parties under this Agreement which do not terminate on the Forbearance Maturity Date pursuant to their express terms shall survive the occurrence of the Forbearance Maturity Date and shall thereafter be enforceable against the Loan Parties according to their terms.
Deferred Interest shall accrue and be payable on the Forbearance Maturity Date or such later date as determined by the Agent and Majority Banks in their sole and absolute discretion; provided, however, that the Deferred Interest shall be forgiven if, and only if, the Borrower makes a permanent reduction of the Existing Extensions of Credit by no less than $20,000,000.00 no later than the Forbearance Maturity Date.
No further Letters of Credit will be issued under the Loan Documents through the Forbearance Maturity Date; PROVIDED, HOWEVER, any Letter of Credit outstanding as of the date hereof, which expires pursuant to its own terms prior to the Forbearance Maturity Date, shall, at the Borrower's request, be renewed pursuant to the terms of the Credit Agreement as amended by this Agreement in the same amount, for the same purpose and for the same beneficiary as the existing Letter of Credit.
Finally, the Borrower represents and warrants that the combined revenues of Xidex GmbH, Anacomp Holdings Limited, Anacomp S.A., Anacomp Italia s.r.l. and Cominformatic AG and their respective subsidiaries as of November 15, 2000 are, and through the Forbearance Maturity Date shall be, (i) no less than 80% of the total revenue of all of the Foreign Subsidiaries and (ii) no less than 120% of the total EBITDA of all of the Foreign Subsidiaries.
From and after the Forbearance Maturity Date and at the option of Majority Banks by notice from the Agent (unless the Agent is prohibited by applicable law from providing such notice) in writing to the Borrower, any Obligations shall bear interest at a rate equal to 2% in excess of the rates set forth in the Credit Agreement, as amended by this Agreement.
Borrower shall pay Bank a success fee in the amount of Two Hundred and Fifty Thousand Dollars ($250,000) which shall be fully earned on the Sixth Amendment Effective Date and payable upon the Forbearance Maturity Date.
Subject to the terms and conditions of this Agreement, from the effective date of this Agreement until the Forbearance Maturity Date (the “Forbearance Period”), the Forbearing Parties agree to forbear from exercising their respective rights and remedies under the Credit Agreement, Security Documents and the other Financing Documents, solely in respect of the Specified Defaults.
In the event that on or before the Forbearance Maturity Date the outstanding principal balance of the Term Advance has been reduced to $1,000,000 (or less), and no Forbearance Termination Event has occurred and is continuing, the Existing Defaults shall be deemed automatically waived without further action required by Lender.