Common use of Termination of Forbearance Clause in Contracts

Termination of Forbearance. Upon the expiry of the Forbearance Period, this Agreement shall terminate and, in the event the Repayment of the Notes has not occurred by such time, any and all rights existing under the Notes shall remain vested in Vector as if this Agreement had never existed.

Appears in 2 contracts

Sources: Termination and Forbearance Agreement (Select-Tv Solutions, Inc.), Termination and Forbearance Agreement (Select-Tv Solutions, Inc.)