Forbearance Contract Clauses (655)

Forbearance. Subject to the terms and conditions set forth herein, the Administrative Agent and the Lenders shall, during the Forbearance Period (as defined below), Period, forbear from exercising any and all rights and or remedies available to the Administrative Agent and the Lenders under the Credit Agreement, the other Loan Documents and applicable law, Requirements of Law, but only to the extent that such rights and or remedies arise exclusively as a result of or continuation of the existence of the ... class="diff-color-red">Acknowledged Existing Events of Default; provided, however, that the Administrative Agent and the Lenders shall be free to exercise any or all of their rights and remedies arising (a) at any time on account of any Event of Default other than the Existing Events of Default or (b) on account of the Acknowledged Existing Events of Default at any time upon or after the occurrence of a Forbearance Termination Event (as defined below). View More

Found in FAMOUS DAVES OF AMERICA INC contract

Forbearance. Subject to the terms and conditions set forth herein, the Administrative Agent and Agent, the Lenders shall, during the Forbearance Period (as defined below), forbear from exercising any and all of their rights and remedies available to the Administrative Agent and the Lenders them under the Credit Agreement, Loan Documents and applicable law, but only to the extent that such rights and remedies arise exclusively as a result of the occurrence, existence or continuation of the Acknowledged Anticipated Events of Default; provided, however, that the Administrative Agent and the Lenders shall be free to exercise any or all of their rights and remedies arising on account of the Acknowledged Anticipated Events of Default at any time upon or after the occurrence of a Forbearance Termination Event (as defined below). For the avoidance of doubt, subject to Section 4 of this Agreement, the Anticipated Events of Default shall continue to exist and apply for all purposes and provisions under the Credit Agreement and Loan Documents, including those provisions, conditions, requirements, rights and obligations that are dependent upon the absence of any Default or Event of Default. View More

Forbearance. Subject to the terms and conditions set forth herein, the Administrative Agent and the Lenders shall, during the Forbearance Period (as defined below), Period, forbear from exercising any and all rights and or remedies available to the Administrative Agent and the Lenders under the Credit Agreement, the other Loan Documents and applicable law, Requirements of Law, but only to the extent that such rights and or remedies arise exclusively as a result of or continuation of the existence of the ... class="diff-color-red">Acknowledged Existing Events of Default; provided, however, that the Administrative Agent and the Lenders shall be free to exercise any or all of their rights and remedies arising (a) at any time on account of any Event of Default other than the Existing Events of Default or (b) on account of the Acknowledged Existing Events of Default at any time upon or after the occurrence of a Forbearance Termination Event (as defined below). View More

Found in FAMOUS DAVES OF AMERICA INC contract

Forbearance. Subject to the terms and conditions set forth herein, the Administrative Agent and Agent, the Lenders shall, during the Forbearance Period (as defined below), forbear from exercising any and all of their rights and remedies available to the Administrative Agent and the Lenders them under the Credit Agreement, Loan Documents and applicable law, but only to the extent that such rights and remedies arise exclusively as a result of the occurrence, existence or continuation of the Acknowledged Anticipated Events of Default; provided, however, that the Administrative Agent and the Lenders shall be free to exercise any or all of their rights and remedies arising on account of the Acknowledged Anticipated Events of Default at any time upon or after the occurrence of a Forbearance Termination Event (as defined below). For the avoidance of doubt, subject to Section 4 of this Agreement, the Anticipated Events of Default shall continue to exist and apply for all purposes and provisions under the Credit Agreement and Loan Documents, including those provisions, conditions, requirements, rights and obligations that are dependent upon the absence of any Default or Event of Default. View More

Forbearance. The Borrower and the Guarantors acknowledge the continued existence of the Existing Defaults. Defaults and Potential Defaults (each as defined in the Forbearance Agreement). The Borrower and the Guarantors further acknowledge and agree that the Lenders are not in any way agreeing to waive such Existing Defaults or Potential Defaults (each as defined in the Forbearance Agreement) as a result of this Amendment or the performance by the parties of their respective obligations hereunder. All of the... Secured Parties' rights and remedies under the Agreement, the Forbearance Agreement and the other Loan Documents are expressly reserved. View More

Forbearance. The Borrower and the Guarantors acknowledge the continued existence of the Existing Defaults. Defaults and Potential Defaults (each as defined in the Forbearance Agreement). The Borrower and the Guarantors further acknowledge and agree that the Lenders are not in any way agreeing to waive such Existing Defaults or Potential Defaults (each as defined in the Forbearance Agreement) as a result of this Amendment or the performance by the parties of their respective obligations hereunder. All of the... Secured Parties' rights and remedies under the Agreement, the Forbearance Agreement and the other Loan Documents are expressly reserved. View More

Forbearance. Lender shall forbear from exercising its rights and remedies against Loan Parties in response to the Existing Event of Default until the earlier of: (i) June 30, 2022 March 31, 2023; or (ii) the date of the occurrence of any Forbearance Default (defined below), or any condition, act or event which with the giving of notice or the passage of time or both would constitute a Forbearance Default (the period from the Agreement Date to the earlier to occur of the foregoing clauses (i) and (ii) being... referred to in this Agreement as the "Forbearance Period"). View More

Forbearance. Lender shall forbear from exercising its rights and remedies against Loan Parties in response to the Existing Event of Default until the earlier of: (i) June 30, 2022 March 31, 2023; or (ii) the date of the occurrence of any Forbearance Default (defined below), or any condition, act or event which with the giving of notice or the passage of time or both would constitute a Forbearance Default (the period from the Agreement Date to the earlier to occur of the foregoing clauses (i) and (ii) being... referred to in this Agreement as the "Forbearance Period"). View More

Forbearance. Any forbearance of the Lender in exercising any right or remedy hereunder or under the Loan Documents, Credit Facility, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right or remedy. The acceptance by the Lender of payment of any sum payable hereunder after the due date of such payment shall not be a waiver of the Lender's right to either require prompt payment when due of all other sums payable hereunder or to declare a default Default for... failure to make prompt payment. Lender shall at all times have the right to proceed against any portion of the security held herefor in such order and in such manner as Lender may deem fit, without waiving any rights with respect to any other security. No delay or omission on the part of the Lender in exercising any right hereunder shall operate as a waiver of such right or of any other right under this Note. View More

Forbearance. Any forbearance of the Lender in exercising any right or remedy hereunder or under the Loan Documents, Credit Facility, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right or remedy. The acceptance by the Lender of payment of any sum payable hereunder after the due date of such payment shall not be a waiver of the Lender's right to either require prompt payment when due of all other sums payable hereunder or to declare a default Default for... failure to make prompt payment. Lender shall at all times have the right to proceed against any portion of the security held herefor in such order and in such manner as Lender may deem fit, without waiving any rights with respect to any other security. No delay or omission on the part of the Lender in exercising any right hereunder shall operate as a waiver of such right or of any other right under this Note. View More

Forbearance. During the Term, as between RCA and Bank, Bank shall not (a) notify any Customer account debtor the Transportation Security Administration that payment on any RCA Collateral Specified Receivable is to be made to Bank; (b) collect, sue upon or otherwise exercise rights against the RCA Collateral; any Specified Receivable; or (c) assert any claim for marshaling with respect to the RCA Collateral. any Specified Receivable. Likewise, during the term, as between Bank and RCA, RCA shall not (a)... notify any Customer account debtor that payment on any Bank Collateral is to be made to RCA; (b) collect, sue upon or otherwise exercise rights against the Bank Collateral; or (c) assert any claim for marshaling with respect to the Bank Collateral. View More

Forbearance. During the Term, as between RCA and Bank, Bank shall not (a) notify any Customer account debtor the Transportation Security Administration that payment on any RCA Collateral Specified Receivable is to be made to Bank; (b) collect, sue upon or otherwise exercise rights against the RCA Collateral; any Specified Receivable; or (c) assert any claim for marshaling with respect to the RCA Collateral. any Specified Receivable. Likewise, during the term, as between Bank and RCA, RCA shall not (a)... notify any Customer account debtor that payment on any Bank Collateral is to be made to RCA; (b) collect, sue upon or otherwise exercise rights against the Bank Collateral; or (c) assert any claim for marshaling with respect to the Bank Collateral. View More