Common use of Termination of Forbearance Clause in Contracts

Termination of Forbearance. Notwithstanding the forbearance of Lender agreed to above if, during the period of any such forbearance, (a) Borrower otherwise defaults upon the Note (other than the default with respect to which Lender agreed hereinabove to forbear from enforcement and collection of the Note), and/or if Borrower defaults upon this Agreement or any other agreement or instrument securing the Note, (b) or if any third party commences an action against Borrower or against CDA which action may, in the sole discretion of Lender, have the ultimate effect of jeopardizing the collateral for the Note or the assets of CDA, or the prospect of repayment of the Note therefrom, then Lender may immediately upon written notice to Borrower, terminate its forbearance and proceed to enforce and collect the Note.