Common use of Termination of Forbearance Clause in Contracts

Termination of Forbearance. This Amendment does not constitute a waiver or forbearance with respect to any Default other than the Existing Defaults. In the event that prior to November 9, 1998 any further Defaults occur under the Credit Agreement (i.e., other than the Existing Defaults), then the Agent and the Banks shall have the right and option, in their discretion and without notice to Borrower or any Obligated Party, to (i) terminate the Forbearance, (ii) refuse to extend additional credit to the Borrower under the Loan Documents, (iii) prohibit Borrower from Converting and Continuing Accounts and (iv) exercise any and all of the rights and remedies under the Loan Documents or otherwise arising as a result of such Existing Defaults (the earlier of November 9, 1998 or the date of the termination of the Forbearance under this Section 3.2, herein the "Forbearance Termination Date").

Termination of Forbearance. This Amendment Agreement does not constitute a waiver or forbearance with respect to any Default other than the Existing Continuing Defaults. In the event that prior to November 9January 15, 1998 1999 any further Defaults occur under the Credit Agreement (i.e., other than the Existing Continuing Defaults), then the Agent and the Banks shall have the right and option, in their discretion and without notice to Borrower or any Obligated Party, to (i) terminate the Forbearance, (ii) refuse to extend additional credit to the Borrower under the Loan Documents, (iii) prohibit Borrower from Converting and Continuing Accounts Accounts, and (iv) exercise any and all of the rights and remedies under the Loan Documents or otherwise arising as a result of such Existing Continuing Defaults (the earlier of November 9January 15, 1998 1999 or the date of the termination of the Forbearance under this Section 3.2, herein 2.2 being referred to hereinafter as the "Forbearance Termination Date").

Termination of Forbearance. This Amendment does not constitute a waiver or forbearance with respect to any Default other than the Existing Defaults. In the event that prior to November 9December 14, 1998 any further Defaults occur under the Credit Agreement (i.e., other than the Existing Defaults), then the Agent and the Banks shall have the right and option, in their discretion and without notice to Borrower or any Obligated Party, to (i) terminate the Forbearance, (ii) refuse to extend additional credit to the Borrower under the Loan Documents, (iii) prohibit Borrower from Converting and Continuing Accounts and (iv) exercise any and all of the rights and remedies under the Loan Documents or otherwise arising as a result of such Existing Defaults (the earlier of November 9December 14, 1998 or the date of the termination of the Forbearance under this Section 3.2, herein the "Forbearance Termination Date").