Second Forbearance Agreement definition
Examples of Second Forbearance Agreement in a sentence
Borrower acknowledges the following additional fee owed to Lender that is due on or before the Deferral Date: a hedge termination fee in the amount of $56,085.00, due pursuant to the Second Forbearance Agreement in connection with the termination of Hedge Transactions.
The Company shall continue to engage the services of the Consultant (as such term is defined in the Second Forbearance Agreement) reasonably satisfactory to the Bank for the purposes of (a) evaluating all aspects of operations; (b) determining the viability of future cash flows; (c) determining marketability of the Company or any of its assets; and (d) evaluating options sufficient to repay the Loans in full.
Except as expressly set forth herein, each Lender and the Agent reserve all of their respective rights, remedies, powers and privileges under the Credit Agreement, the Second Forbearance Agreement, the other Credit Documents and applicable law and/or equity.
All of the provisions of the Credit Agreement, the Second Forbearance Agreement and the other Credit Documents are hereby reiterated, and if ever waived, are hereby reinstated.
This Agreement, together with all Applicable Agreements to which the parties are bound, the First Forbearance Agreement, the Second Forbearance Agreement, and the Security Documents constitute the entire agreement of the parties hereto with respect to the subject matter hereof and supersede all prior and contemporaneous agreements and understandings relating to any Acknowledged Events of Default.