Forbearance Period definition

Forbearance Period means the period between the Effective Date and the Termination Date, inclusive.

Forbearance Period shall have the meaning set forth in Section 3.2(a) hereof.

Forbearance Period means the period commencing on the Effective Date and continuing through and including the Termination Date, unless earlier terminated pursuant to the terms and provisions of this Agreement.

Examples of Forbearance Period in a sentence

• The parties further agree that the exercise of any Default Rights by the Lender upon termination of the Forbearance Period shall not be affected by reason of this Letter Agreement, and the parties hereto shall not assert as a defense thereto the passage of time, estoppel, laches or any statute of limitations to the extent that the exercise of any Default Rights was precluded by this Letter Agreement.

• Borrower understands that Bank has made no commitment and is under no obligation whatsoever to grant any additional extensions of time at the end of the Forbearance Period.

• The Borrower acknowledges and agrees that the Outstanding Amount, plus interest accrued thereon, shall be due and owing upon termination of the Forbearance Period.

• The parties hereto acknowledge and agree that the Lender (i) shall retain all rights and remedies it may now have with respect to the Notes and the Borrower’s obligations under the Loan Documents (“Default Rights”), and (ii) shall have the right to exercise and enforce such Default Rights upon termination of the Forbearance Period.

• During the Forbearance Period, the Outstanding Amount shall bear interest at the interest rate set forth under the Notes (8%); it being understood that the default rate shall apply upon the occurrence of any Event of Default (other than Existing Defaults) thereunder or upon termination of the Forbearance Period.

More Definitions of Forbearance Period

Forbearance Period means the period commencing on the date hereof and ending on the date which is the earliest of (i) November 13, 2015, (ii) upon written notice from and at the election of Agent, the occurrence or existence of any Event of Default, other than the Existing Defaults and any Event of Default giving rise to a Termination Event, or (iii) the occurrence of any Termination Event.

Forbearance Period means the period beginning on the date hereof and ending on the earliest to occur of (any such occurrence being a "Termination Event"):

Forbearance Period means the period of time beginning upon the Effective Date and ending upon the termination of the Forbearance Period in accordance with this Section 2.1. The Required Holders may, at any time, in their sole and absolute discretion, with or without cause, with or without any change in circumstances, and with or without any prior notice or discussion, deliver a written notice to the Company in accordance with Section 18 of the Note Purchase Agreement and Section 4.2 of this Forbearance Agreement electing to terminate the Forbearance Period, which notice shall, notwithstanding Section 18, be effective as specified in Section 4.2 hereof. Notwithstanding the foregoing, the Forbearance Period will immediately and automatically terminate without notice to the Company if (i) the Company or any Consolidated Subsidiary files a petition for relief, reorganization or arrangement or any other petition in bankruptcy, for liquidation, or to take advantage of any bankruptcy, insolvency, reorganization, moratorium or other similar law of any jurisdiction, or if any such petition is involuntarily filed against the Company or any Consolidated Subsidiary, or any other event of the types described in Sections 11(g) (excluding for all purposes Section 11(g)(1)) and 11(h) (without giving effect to the 60-day period described in Section 11(h)) of the Note Purchase Agreement (each such event described or referenced in this clause (i) being an “Insolvency Event” and any related proceeding being an “Insolvency Proceeding”) shall occur with respect to the Company or any Consolidated Subsidiary, (ii) an acceleration occurs or has occurred under the Credit Agreement, dated as of May 16, 2007, as amended to the date hereof (the “Credit Agreement”), among the Company, the several banks and other financial institutions from time to time parties to the Credit Agreement and Wachovia Bank, National Association, as administrative agent, (iii) an acceleration occurs or has occurred under the Indenture, dated as of April 26, 2007, as amended to the date hereof among the Company and Wilmington Trust Company, as trustee (the “Indenture”), (iv) the Credit Agreement or the Indenture is amended or modified in any material respect, or any guaranties, liens or other direct or indirect credit support of any kind is granted in favor of the lenders under the Credit Agreement or the noteholders under the Indenture, (v) a judgment involving an aggregate liability of $15 million or more is entered against t...

Forbearance Period means the period commencing on (and including) the Effective Date (as defined below) and ending on the Forbearance Termination Date.

Forbearance Period shall commence on the Forbearance Effective Date (as defined below) and shall terminate immediately and automatically upon the earlier to occur of (i) 5:00 p.m., New York City time, on August 15, 2018 (the “Outside Date”) and (ii) the occurrence of a Forbearance Termination Event (as defined below).

Forbearance Period means the period beginning on the Forbearance Agreement Effective Date and ending on the earlier to occur of (i) 5:00 p.m. (New York time) on June 7, 2019, and (ii) the Termination Date.

Forbearance Period shall have the meaning set forth in the Forbearance Agreement.