Forbearance Termination Event definition

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

Forbearance Termination Event means the earliest of the following to occur: (a) any Default other than the Acknowledged Events of Default; (b) the breach by any Loan Party of any obligation or covenant under this Agreement; and (c) May 31, 2018.

Forbearance Termination Event means the occurrence of any of the following:

Examples of Forbearance Termination Event in a sentence

• Subsequently a Specified Forbearance Termination Event occurred in that the Borrowers failed to meet the required Minimum Consolidated EBITDA Covenant set forth in Section 7(d) of the Credit Agreement.

• Subsequently, a Second Specified Forbearance Termination Event occurred under the Forbearance Agreement in that the US Borrower failed to meet the minimum Liquidity for the period ended December 31, 2021.

• Additionally, each of the Obligors, if elected by the Agent or Lenders as a remedy upon the occurrence of a Forbearance Termination Event, consent to and will refrain from interfering with the appointment of a Receiver to administer and operate any of the Obligors or any of their properties or assets.

• As a result, the Obligors requested that the Lenders forbear with respect to the Specified Forbearance Termination Event in addition to the Specified Events of Default and requested certain other modifications to the Forbearance Agreement.

• Upon the occurrence of a Forbearance Termination Event all unpaid portions of the Forbearance Extension Fee and unreimbursed expenses outstanding shall be paid forthwith by the Obligors.

More Definitions of Forbearance Termination Event

Forbearance Termination Event contained in Section 1 of the Amended Agreement is hereby amended to delete the reference to “May 6, 2013” and replace it with “June 7, 2013”.

Forbearance Termination Event means any of the following: (i) the occurrence of a Default or Event of Default (in each case other than the Forbearance Defaults) under any Loan Document or (ii) any breach of the Borrower or any Guarantor of any representation, warranty, term, covenant, or agreement set forth in this Forbearance Agreement.

Forbearance Termination Event as defined in Section 6.10(b).

Forbearance Termination Event shall have the meaning given to it in Section 21(b) below.

Forbearance Termination Event shall have the same meaning as the term "Termination Event" described in the Forbearance Agreement.

Forbearance Termination Event means the occurrence of one or more of the following events:

Forbearance Termination Event means the earliest of: