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Amendment to Forbearance Agreement
Amendment to Forbearance Agreement contract clause examples
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Amendment to Credit Agreement. [Section 1.1(a)] of the Credit Agreement is hereby amended in its entirety to read as follows:

Amendment to Security Agreement. Effective as of the date of satisfaction of the conditions precedent set forth in Section 3 below, the Security Agreement is hereby amended to restate the last two sentences of [Section 4.5] thereof in their entirety to read as follows:

Amendment to Credit Agreement. A new [Article XVI], [Section 16.1] is hereby added to the Credit Agreement to read as follows:

The period from the Agreement Effective Date (as defined below) to the date that a Forbearance Termination Event occurs shall be referred to as the “Forbearance Period.”

Issuer has requested that the Second Lien Forbearance Agreement be amended to extend the Forbearance Period to April 30, 2015 on the terms and conditions set forth herein.

the written agreement among the Loan Parties, the Administrative Agent and the Required [[Forbearing Lenders:Organization]] that the Forbearance shall be terminated prior to the Scheduled Forbearance Period End Date.

Section #Forbearance; Forbearance Period.

Subject to the terms and conditions of this BFMA, Lender agrees to forbear from the exercise of its rights and remedies under the Business Financing Agreement that arise solely from the occurrence and/or continuation of any Existing Default until the expiration of the Forbearance Period. THE FORBEARANCE GRANTED HEREIN IS A CONDITIONAL, LIMITED, TEMPORARY FORBEARANCE RELATING SOLELY TO THE EXISTING DEFAULTS AND SHALL BE IN EFFECT ONLY UNTIL THE EXPIRATION OF THE FORBEARANCE PERIOD.

Issuer, the other Credit Parties and the Noteholders entered into a Forbearance Agreement to Second Lien Indenture, dated January 30, 2015, and amended March 2, 2015, March 16, 2015, April 30, 2015 and May 18, 2015 (the “Second Lien Forbearance Agreement”).

Officer’s Certificate. Issuer shall have delivered a certificate in form and substance acceptable to the and executed by a duly authorized Officer of Issuer (the “Officer’s Certificate”) certifying and representing that Issuer is in compliance with [Section 4(e)(vi)] of the Second Lien Forbearance Agreement as of the date of this Second Amendment.

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