Examples of Second Forbearance Effective Date in a sentence
As used herein, the term “Second Forbearance Period” shall mean the period beginning on the Second Forbearance Effective Date and ending immediately and automatically upon the earlier to occur of (the occurrence of clause (i) or (ii), a “Termination Event”): (i) the occurrence of any Forbearance Default (as hereinafter defined) and (ii) March 1, 2019.
Furthermore, and for the avoidance of doubt, it is agreed that from and after the Second Forbearance Effective Date, the Company and its Subsidiaries may not take any action that would be prohibited by the terms of the Credit Agreement at any time while an Event of Default is in existence.
As of the Second Forbearance Effective Date, no Grantor maintains any Deposit Accounts other than the accounts listed in Schedule 4.5 hereto.
As of the Second Forbearance Effective Date, no Credit Party has any deposit account containing unrestricted Cash other than the deposit accounts listed in Schedule 4.5 to the Pledge and Security Agreement.
In furtherance of the foregoing, and notwithstanding the occurrence of the Second Forbearance Effective Date, each of the Credit Parties acknowledges and confirms that, subject to the Forbearance, all rights and remedies of the Agent and the Lenders under the First Lien Credit Agreement and the Other Documents and applicable law with respect to the Borrowers or any other Credit Party shall continue to be available to the Agent and the Lenders.
The type of project (current or future), e.g. whether it is for oil palm, forestry plantation, etc.
Effective as of the Second Forbearance Effective Date (as hereinafter defined), the following provisions of the Credit Agreement shall be amended as set forth below (which amendments are in addition to those contained in the Forbearance Agreement, which shall remain in full force and effect except as expressly modified herein).
Each Credit Party acknowledges and agrees that as of the Second Forbearance Effective Date, (i) the aggregate principal balance of the outstanding Letter of Credit Obligations under the First Lien Credit Agreement is $11,210,000 and (ii) the aggregate principal balance of the outstanding Revolving Advances under the First Lien Credit Agreement is $36,050,000.
Jo Windish, 1991 Mayor (who served as Mayor for 16 years and in other capacities in addition to that) explained that they had also sought public and staff opinion about the fountain.
In addition, from and after the Second Forbearance Effective Date, no Management Fees shall be payable in cash, but shall continue to accrue and the Company and its Subsidiaries shall not enter into, or commit to enter into, any Permitted Sale-Leaseback transaction.