Username:
  
  Password:
  
  

 

 

 

 

FIRST AGREED EXTENSION TO

SECOND AMENDMENT TO FORBEARANCE AGREEMENT

 

This First Agreed Extension (hereinafter “Extension”) extends the deadlines found in the Second Amendment to the Forbearance Agreement (the “Second Amended Agreement”) by and among NEXT, INC. , a Delaware corporation (the “Borrower”), and DANNY F. COOKE and ROBERT BUDD (collectively, the “Guarantors”) on the one hand, and NATIONAL CITY BANK , a banking association organized under the laws of the United States (the “Bank”), on the other hand.

 

R E C I T A L S:

 

Each party to this Extension agrees that the following facts presently exist:

 

1.

On or about January 30, 2009, the Parties executed a Forbearance Agreement. On April 30, 2009, the Parties executed the First Amendment to the Forbearance Agreement. On June 30, 2009, the Parties executed the Second Amendment to the Forbearance Agreement. The Forbearance Agreement, the First Amendment to the Forbearance Agreement, and the Second Amendment to the Forbearance Agreement shall be collectively referred to as the Forbearance Agreement as Amended. The Borrower and Guarantors have requested that the Bank extend the deadlines found therein, and the Bank has agreed to such extension subject to the following terms, conditions and requirements.

 

NOW, THEREFORE, in consideration of the premises, the Bank, Borrower and each of the Guarantors, agree


This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more