Forbearance Term definition

Forbearance Term means the period commencing upon the effectiveness of this Agreement and continuing until the earliest to occur of: (x) any Default or Event of Default under any of the Loan Documents (other than the Known Defaults or any Event of Default arising from a failure to comply with the provisions of Sections 6.14, 6.15 or 6.27 of the Credit Agreement which occurs during the Forbearance Term) or (y) March 31, 2005.
Sample 1
Forbearance Term means the period commencing upon the effectiveness of this Amendment and continuing until the earliest to occur of: (i) the institution of any actions or exercising of any remedies by Gxxxxxx or Agfa with respect to any Credit Party or any of their respective assets or properties or issuance of any notice by Gxxxxxx or Agfa of its intention to do so, (ii) if Gxxxxxx shall refuse to enter into the Gxxxxxx Amendment or require that the applicable Credit Parties enter into an amendment to the Gxxxxxx Purchase Agreement that is not on terms satisfactory to Agent, or (iii) any other Default or Event of Default under any of the Loan Documents, and (iv) July 31, 2006.
Sample 1
Forbearance Term means the period commencing upon the effectiveness of this Agreement and continuing until the earliest of: (i) the occurrence of any Default or Event of Default under any of the Loan Documents other than the Known Existing Defaults or any breach of any of the provisions of this Agreement or the Consent; (ii) the failure of the Borrowers to deliver to Agent the 2003 Financial Statements on or before December 31, 2003; (iii) the failure of Parent to deliver to Agent, on or before January 31, 2004, evidence, in form and substance satisfactory to Agent that the applicable Borrowers have properly submitted all required requests for consent from the applicable Governmental Authorities with respect to the sale of the transfer of the FBOs contemplated by an Acquisition; (iv) in the event the Stock Purchase Agreement (as defined in the Consent) is terminated by either party thereto in accordance with the terms thereof, the date that is thirty (30) days after the date of such termination unless a replacement Acquisition Agreement (as defined in the Consent), on terms reasonably satisfactory to Agent and the Lenders (including conformity with the provisions of the Consent) is entered into by Parent on or before the date that is thirty (30) days after the date of such termination; (v) the reasonable determination by Agent that an Acquisition cannot be consummated in compliance with the terms set forth in the Consent on or before March 31, 2004; or (vi) March 31,
Sample 1

Examples of Forbearance Term in a sentence

  • Nothing contained herein shall be deemed to obligate Lender to enter into any other forbearance agreements, to extend to Forbearance Term or to waive any Events of Default.

  • The transferee of any Class A Units pursuant to such Disposition shall be (x) an Institutional Investor or a Person whose obligations under this Agreement are guaranteed by an Institutional Investor and (y) prior to the expiration of the Forbearance Term (as defined in the Forbearance Agreement), an Approved Investor.

  • CLEC acknowledges that blocking is notAmendment – Lifeline/LinkUp, Forbearance, Term of Agreement, CIS and Replace Structure Access/AT&T-21STATEPage 3 of 3ZAYOVersion: 10/25/16 available for certain types of calls, including without limitation 800, 888, 411 and Directory Assistance Express Call Completion.

  • Beginning July 1, 2014, and on the first day of each subsequent month thereafter until the end of the Forbearance Term, Assured shall make payments to H.D. Xxxxx pursuant to the Note, and shall make minimum purchases in a pre-pay basis in the amount of $500,000.00 per month.

  • The quantities Je and Jγ are interpreted as the electron and photon total angular momentum, respectively.

  • At the option of Lender, upon the expiration or earlier termination of the Forbearance Term, and without further notice or demand, which notice and demand is expressly waived by Borrower, (a) the entire outstanding Obligations shall be immediately due and payable; and/or (b) the Lender may (i) terminate its obligation to forbear hereunder; and (ii) exercise each and every right and remedy under the Documents, at law, in equity or otherwise.

  • CLEC acknowledges that blocking is notELECTRONICALLY FILED - 2018 January 9 3:37 PM - SCPSC - Docket # 2013-403-C - Page 6 of 45Contract Id: 8590373Amendment – Lifeline/LinkUp, Forbearance, Term of Agreement, CIS and Replace Structure Access/AT&T-21STATEPage 3 of 3ZAYOVersion: 10/25/16 available for certain types of calls, including without limitation 800, 888, 411 and Directory Assistance Express Call Completion.

  • For the Forbearance Term (as defined below), Agent and the Lenders shall forbear and shall not take any action or commence any proceedings with respect to the enforcement of any of its rights or remedies under the Loan Documents as a result of the Known Existing Default.

  • Agent and Lenders hereby agree to forbear from exercising the rights and remedies available to them as a result of the Forbearance Defaults, during the forbearance term (the "Forbearance Term") which shall expire on the earlier of: (i) the occurrence of an Event of Default (other than the Forbearance Defaults) under any Loan Document; (ii) the occurrence of a Default hereunder; or (iii) September 30, 2003 (the "Forbearance Period").

  • At the option of Agent, upon the expiration or earlier termination of the Forbearance Term, and without further notice or demand, which notice and demand is expressly waived by each Borrower: (i) the entire outstanding Obligations shall be immediately due and payable; and/or (ii) Agent and Lenders may (a) terminate any obligation to forbear hereunder; and (b) exercise each and every right and remedy hereunder, under any other Forbearance Document, under any Loan Document, at law, in equity or otherwise.


More Definitions of Forbearance Term

Forbearance Term means the period commencing upon the date hereof and continuing until the earliest to occur of: (x) any Forbearance Termination Event, or (y) February 28, 2011.
Sample 1
Forbearance Term has the meaning given in Section 2.
Sample 1

Related to Forbearance Term

  • Forbearance Period means the period beginning on the Forbearance Effective Date and ending on the Forbearance Termination Date.

  • Forbearance Termination Date means the earlier to occur of (i) the Termination Date and (ii) a Termination Event.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Forbearance As defined in Section 3.07(a).

  • Waiver Period means, for each applicable fee, the period of time from the initial effective date of the MIAX PEARL Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior to the termination of the Waiver Period and effective date of any such applicable fee.

  • Forbearance Default means any of: (A) the occurrence of any Default or Event of Default other than the Specified Defaults, (B) the failure of Borrower or any other Designated Company to timely and strictly comply with any term, condition, covenant, agreement or other obligation set forth in this Agreement, (C) the failure of any representation or warranty made by Borrower or any other Designated Company under or in connection with this Agreement to be true and complete in all material respects as of the date when made or any other material breach of any such representation or warranty, (D) the taking of any action by Borrower or any other Designated Company to in any way repudiate or assert a defense to any Obligation under the Credit Agreement, this Agreement or any of the other Loan Documents or the assertion of any claim or cause of action against Administrative Agent, Co-Administrative Agent or any Lender relating in any way thereto, (E) the date on which Administrative Agent, in its sole discretion or at the direction of the Required Lenders, delivers to Borrower a written notice terminating the Forbearance Period, which notice may be delivered at any time upon or after the delivery of any Proposed Vendor Payment Schedule Rejection Notice (as defined below) by the Administrative Agent in accordance with Section 3(c)(ii) hereof, or (F) Borrower fails to receive Inventory purchased with a CIA Payment (as defined below) within six (6) Business Days of the making of such CIA Payment. The occurrence of any Forbearance Default shall constitute an immediate Event of Default under the Credit Agreement and other Loan Documents. Upon the termination or expiration of the Forbearance Period, the agreement of Administrative Agent, Co-Administrative Agent and each Lender hereunder to forbear from exercising its default-related rights and remedies shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind, all of which Borrower and each other Designated Company hereby waives. Borrower and each other Designated Company further agrees that any of Administrative Agent (upon direction of the Required Lenders to the extent provided in the Credit Agreement) and each Lender may at any time after the expiration or termination of the Forbearance Period proceed to exercise any and all of its rights and remedies under any or all of the Credit Agreement, any other Loan Document and/or applicable law, all of which rights and remedies are hereby fully reserved by Administrative Agent and each Lender. Any agreement by Administrative Agent and the Lenders to extend the Forbearance Period, if any, must be set forth in writing and signed by Administrative Agent and the Lenders. Borrower and each other Designated Company acknowledges that none of Administrative Agent or any Lender has made any assurances concerning any possibility of any extension of the Forbearance Period. Borrower and each other Designated Company acknowledges and agrees that any Loan or other financial accommodation which Administrative Agent, Co-Administrative Agent or any Lender makes to or for the benefit of Borrower or any other Designated Company on or after the Forbearance Effective Date has been made by such party in reliance upon, and is consideration for, among other things, the general releases and indemnities contained in Section 5 hereof and the other covenants, agreements, representations and warranties of Borrower and each other Designated Company hereunder.

  • Forbearance Agreement means the forbearance agreement entered into by Granite Co. prior to the implementation of the 2011 Arrangement.

  • Severance Term means the twenty-four (24) month period following Executive’s termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Licence Term means the Initial Term plus any Further Term; Licensee means You and/or the Permitted Users;

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Initial Term has the meaning set forth in Section 7.1.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • License Term means the duration of a License as specified in the Order.

  • Non-Compete Term means in the case of termination for any reason, the period from the Effective Date to the date ending 2 years following the date of termination.

  • Maintenance Term means the period of time for which Customer has purchased Maintenance Services, as evidenced by the Purchase Order delivered by Customer in connection therewith, together with all renewals effected in accordance with Section 4 of this Agreement.

  • Extension Term means the time period defined in §2.C.

  • Service & Term XOOM Energy Ohio, LLC (“XOOM” or “Company”) agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The Term of this Agreement will begin on the next available meter read date after processing of the request by XOOM and your gas utility, and will continue for the Contract Term as set forth in the accompanying Contract Summary, which is incorporated into this Agreement. Acceptance into the Program:These terms and conditions are subject to your acceptance into the program by both XOOM and your local utility. You will be promptly notified if you are not accepted into the program. Switching fees may apply to you under your local utility’s tariff if you are accepted into the program by both XOOM and your local utility.

  • Agreement Period means the period between the Agreement Date and the Expiry Date, unless terminated earlier on the Termination Date;

  • Renewal Term has the meaning set out in Section 9.1.

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Agreement Term has the meaning set forth in Section 11.1.

  • Term of this Agreement means the period that commences on the date of this Agreement and ends on the earlier of:

  • Term Loan Standstill Period has the meaning provided in Section 8.01(b).

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.