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DOCUMENT TITLE:
FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AND SECURITY AGREEMENT
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ACTIONS:
Here are the clause headings in the document. To view the clause, click the clause heading.To view the full document, click the "View Document" button.
Clause Heading
A - Obligations Owing to Lender.
B - Security for Repayment and Satisfaction of Obligations Owing to Lender.
C - Loan Documents.
1 - The Credit Agreement;
D - Outstanding Indebtedness Under the Loan Documents.
4 - RATIFICATION OF LOAN DOCUMENTS AND COLLATERAL.
E - Existing Defaults Under the Credit Agreement.
F - Acknowledgement of Lender's Rights and Remedies.
G - Request for Forbearance and Other Modifications of Loan Documents.
1 - INCORPORATION OF RECITALS.
5 - REPRESENTATIONS AND WARRANTIES OF BORROWERS.
5.1 - No Adverse Claims.
5.2 - Valid and Binding Obligations Owing to Lender.
5.3 - Requisite Power and Authority.
6.1 - No New Defaults.
6.2 - Reimbursement of Lender's Costs and Expenses.
6.3 - Subordination of Debt to Indebtedness Owing to Lender.
6.4 - Modification Fee.
6.5 - Further Assurances.
6.6 - Release of Lender.
6.7 - Term Sheet for Refinancing.
6.8 - Additional Equity:
6.9 - Appraisal of Equipment.
6.10 - Appraisal of Property.
6.11 - Minimum Quarterly Net Income.
7 - EXECUTION AND DELIVERY OF AGREEMENT BY LENDER.
8 - BINDING EFFECT.
9 - CHOICE OF LAW/VENUE.
10 - COUNTERPARTS.
11 - NOTICES.
12 - ATTORNEYS' FEES.
13 - CONFLICTS.
14 - COSTS.
15 - JOINT AND SEVERAL LIABILITY.