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Amendment to Forbearance Agreement
Amendment to Forbearance Agreement contract clause examples
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Each of the Forbearance Agreement and the ABL Forbearance Agreement (and the forbearances provided for therein) shall remain effective.

#[[Organization B:Organization]] hereby consent to the ABL Forbearance Agreement, including the modification of the ABL Credit Agreement pursuant to the ABL Forbearance Agreement.

Term Loan Payment. Notwithstanding the provisions of Section 2.8(a) of the Credit Agreement and 5.8 of the Prior Forbearance Agreement, the scheduled principal payments of $250,000 on the Term Loans # previously payable upon the expiration of the "Forbearance Period" (as defined in the Prior Forbearance Agreement) pursuant to [Section 5.8] of the Prior Forbearance Agreement, # previously payable on September 30, 2017 and # otherwise payable on December 31, 2017 will instead be due and payable on the date that the Forbearance Period terminates or expires.

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.

“Forbearance Agreement” means the Forbearance Agreement, dated as of March 27, 2018, among the Borrower, the other Loan Parties party thereto, the Administrative Agent, and [[Organization B:Organization]] party thereto.

Issuer, the other Credit Parties and the entered into a Forbearance Agreement to Second Lien Indenture, dated January 30, 2015, and amended March 2, 2015 (the “Second Lien Forbearance Agreement”).

Amendment to this Agreement. No modification, waiver, amendment, discharge or change of this Agreement, shall be valid unless the same is in writing and signed by the party against whom enforcement of such modification, waiver amendment, discharge, or change is or may be sought.

Entire Agreement; Amendment; Severability. This Agreement (including all schedules and exhibits attached hereto and Placement Notices issued pursuant hereto) constitutes the entire agreement and supersedes all other prior and contemporaneous agreements and undertakings, both written and oral, among the parties hereto with regard to the subject matter hereof. Neither this Agreement nor any term hereof may be amended except pursuant to a written instrument executed by the Company and the Agent. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable as written by a court of competent jurisdiction, then such provision shall be given full force and effect to the fullest possible extent that it is valid, legal and enforceable, and the remainder of the terms and provisions herein shall be construed as if such invalid, illegal or unenforceable term or provision was not contained herein, but only to the extent that giving effect to such provision and the remainder of the terms and provisions hereof shall be in accordance with the intent of the parties as reflected in this Agreement.

This Amendment Agreement No. 2 shall be effective as of 10th October 2017.

This Amendment Agreement No. 2 shall be read and take effect as one with the Principal Agreement.

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