Forbearance Agreement

An agreement by the lender not to exercise the legal right to foreclose in exchange for an agreement by the borrower to a payment plan that will cure the borrower's delinquency.

See Payment Problems/Position of the Lender/Temporary Problem.

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BANKING AND CREDIT NEWS-September 5, 2019-Global Cloud Xchange extends forbearance agreement

Global Cloud Xchange extends forbearance agreement

M2 EQUITYBITES-September 5, 2019-Global Cloud Xchange extends forbearance agreement

Global Cloud Xchange extends forbearance agreement

Global Banking News-September 5, 2019-Global Cloud Xchange extends forbearance agreement

Global Cloud Xchange extends forbearance agreement

Global Cloud Xchange (GCX) has announced that the July 31, 2019, forbearance agreement that was entered into by 87 percent of its bondholders has been further extended until 5:00pm (EDT) on September 13, 2019, the company said.

Global Cloud Xchange forbearance agreement extended

The trucking executive claims the bank refused to negotiate a deal with HCI and HVH and was then told the motor carrier was in violation of its forbearance agreement, which required that HVH have a minimum liquidity of $500,000 in the bank.

150 HVH Transportation Drivers Still Stranded Two Days After Company's Abrupt Closure

Financing - The Company entered into the Second Amended and Restated Forbearance Agreement ('Second A&R Forbearance Agreement') on July 1, 2019 with its senior lenders, stream financing providers and equipment financiers.

Lydian Announces Second Quarter 2019 Results and Corporate Update

Fred's has entered into a forbearance agreement with its lenders pursuant to which Fred's stipulated to the occurrence of certain events of default and such lenders agreed, subject to the satisfaction of certain conditions, to not take any action to accelerate indebtedness or exercise other remedies until July 22.

Fred's 10-K includes doubt about 'going concern' ability

Beyond closing the 104 store locations, Fred's has also entered into a "forbearance agreement and amendment with its lenders."

Fred's To Close 104 More Stores

SCE&G ceded its ownership in the project equipment to Santee Cooper through a forbearance agreement last December approved by the S.C.

Santee Cooper asks court to dismiss claim

Anto said Fred's is negotiating a forbearance agreement with its lenders that, when finalized, should give the discount retailer the time it needs to complete the store closures, evaluate additional store closures and develop a go-forward business plan for the company.

Fred's sales fall off closings under way

The parties entered into a forbearance agreement wherein the ACA agreed to make up the shortfall and temporarily forgo exercising its creditor rights and the city and the authority agreed to reimburse the ACA for the payments and continue repaying the bonds from rent payments.

Contract - City failed to appropriate funds for golf course rent

4,2019: Michaelson Capital sues NanoMech for defaulting on its loan agreement and subsequent forbearance agreement after the company misses a $100,000 payment in January.