750% Senior Notes due 2023 (together, the "Existing Notes") have agreed to extend the forbearance agreement
entered into on November 24, 2015 (the "Forbearance Agreement
") until up to December 14, 2015.
Endeavour Announces One Day Forbearance Agreement
OTC: GSAT) said that the forbearance agreement
with the company's 5.
So, here are some concepts and provisions to consider when preparing a forbearance agreement
Pope & Talbot, Inc (Pink Sheets:PTBT) today announced that it has agreed to an extension of its forbearance agreement
with its senior secured lenders.
The borrower continues to perform under the forbearance agreement
executed in February 2006.
Under terms of the proposed agreements, noteholders will waive the defaults and forbear from exercising any related remedies until July 13, 2007, on terms similar to the recently executed forbearance agreement
under the Company's senior secured credit facility.
Highlights of the Forbearance Agreement
are as follows: - During the period that the Forbearance Agreement
is in effect, the Company will have full access to its Credit Facility, provided that there has not occurred any of the specific events of default, as set forth in the Forbearance Agreement
; - The Company agreed to pay the Lenders a forbearance fee of 1.
NYSE:POP) today announced that it entered into a forbearance agreement
with its senior secured lenders to extend access to liquidity provided by the revolving credit facility under its senior secured credit agreement for six weeks while it continues to explore options to improve its balance sheet.
Company Obtains Forbearance Agreement
from Senior Secured Lenders
EMRISE is in the process of negotiating a forbearance agreement
with Wells Fargo Bank under which Wells Fargo Bank is expected to agree not to exercise its rights under the notice of default through December 1, 2006.
The parties to the Forbearance Agreement
also agreed to allow dividends to accrue but not be payable until the expiration of the Forbearance Period.