Recent

% | $
Quotes you view appear here for quick access.

Investors Title Co. Message Board

pjv2xyw9dww4b5 1 post  |  Last Activity: Apr 30, 2016 11:15 AM Member since: Sep 6, 2003
  • Reply to

    Hero.....

    by italiansilk09 Apr 30, 2016 4:58 AM
    pjv2xyw9dww4b5 pjv2xyw9dww4b5 Apr 30, 2016 11:15 AM Flag

    In the amendment is:
    -----------------
    “Forbearance Period” shall mean the period beginning on the Forbearance Effective Date and ending on the earliest to occur of, unless otherwise mutually agreed in writing by the Borrower and the Required Lenders (with written notice to the Administrative Agent and the Collateral Agent): (i) the termination of the Forbearance Period as a result of any Forbearance Default; (ii) 11:59 p.m. (New York City time) on May 31, 2016; and (iii) 11:59 p.m. (New York City time) on the second Business Day

    following the Required Lenders’ delivery of written notice (which notice shall be effective only if delivered after 11:59 p.m. (New York City time) on May 4, 2016) to the Borrower (with a copy to the Administrative Agent and the Collateral Agent) in accordance with Section 10.01(a) of the Credit Agreement terminating the Forbearance Period; provided, however, that any notice given pursuant to the foregoing clause (iii) shall be revoked upon the Required Lenders’ delivery of written notice (which notice of revocation shall be effective only if delivered prior to 11:59 p.m. (New York City time) on the second Business Day following the delivery of the notice given pursuant to the foregoing clause (iii)) to the Borrower (with a copy to the Administrative Agent and the Collateral Agent) in accordance with Section 10.01(a) of the Credit Agreement.
    -----------------
    The required lenders could give two business days' notice of termination of the forbearance period as soon as May 5.

ITIC
96.00-2.72(-2.76%)May 3 3:59 PMEDT