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Amendment to Forbearance Agreement
Amendment to Forbearance Agreement contract clause examples

Substantially concurrently with the occurrence of the Amendment Effective Date, the Limited Forbearance Agreement, dated as of the date hereof (the “ABL Forbearance Agreement”), among United States Holdings, Inc., the Borrowers (solely for this purpose, as defined therein), the Borrower, the other persons party thereto as [[Organization A:Organization]] (solely for this purpose, as defined therein), [[Organization B:Organization]] party thereto and Bank of America, N.A., shall have been executed by the parties thereto and shall have become, and shall continue to be, effective in accordance with the terms thereof, and the Initial First-Out Lender (or its counsel) shall have received a copy thereof, and the ABL Forbearance Agreement shall be in form and substance satisfactory to the Initial First-Out Lender.

Substantially concurrently with the occurrence of the Amendment Effective Date, the Forbearance Agreement shall have been executed by the parties thereto and shall have become, and shall continue to be, effective in accordance with the terms thereof, and the Initial First-Out Lender (or its counsel) shall have received a copy thereof, and the Forbearance Agreement shall be in form and substance satisfactory to the Initial First-Out Lender.

The Limited Forbearance Agreement, dated as of March 27, 2018 (the “ABL Forbearance Agreement”), among Willbros United States Holdings, Inc., the Borrowers (solely for this purpose, as defined therein), the Borrower, the other persons party thereto as Guarantors (solely for this purpose, as defined therein), the lenders party thereto and Bank of America, N.A., and the forbearances provided for therein, shall not have been terminated, shall be in full force and effect in accordance with the terms thereof, and shall not have been amended, amended and restated, supplemented or otherwise modified since March 27, 2018.

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