forbearance

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Related to forbearances: deferment
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Synonyms for forbearance

Synonyms for forbearance

the capacity of enduring hardship or inconvenience without complaint

Synonyms for forbearance

good-natured tolerance of delay or incompetence

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a delay in enforcing rights or claims or privileges

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References in periodicals archive ?
The Amended Credit Facility contains additional or revised financial covenants during the forbearance period pertaining to the Company's leverage ratio, minimum earnings before interest, taxes, depreciation and amortization, and minimum production levels, but suspends the Company's obligation to comply with the asset coverage and interest coverage ratios during the forbearance period.
The Company also reported that the borrowing base under the revolving credit facility has been confirmed at $25 million, and further that under the Amended Credit Facility the $2 million reserve against the borrowing base imposed under the previous forbearance agreement has been terminated.
75% Notes due 2013, would agree to forbear from exercising their remedies with respect to TRCLP's failure to pay cash interest on these notes during the forbearance period (interest would continue accrue on such notes at the applicable contractual rate but will not be paid in cash and instead would be added to the principal amount of the notes).
It is intended that the forbearance arrangement become effective on March 16, 2009 and would continue in effect through December 31, 2009 unless terminated early in accordance with its terms.
Conditions to the effectiveness of the forbearance arrangement include the following minimum acceptance levels for each series of the Notes: 90% for the 3.
The Company noted that the forbearance agreement will not be binding on non-consenting holders, and non-consenting holders will not be entitled to receive the consent fee.
The company and Casey are continuing their efforts to seek new equity and/or debt financing in order to recapitalize the company's and NTC's operations and to satisfy its obligations to WorldCom and First Bank, although no assurances can be given that these efforts will be successful or that the other conditions to WorldCom's and First Bank's continued forbearance will be satisfied.
If the WorldCom forbearance terminates, WorldCom could terminate providing NTC's telecommunications services, in which case NTC would be unable to continue to provide telecommunications services to its customers.
In connection with the extension of the forbearance agreements from WorldCom and First Bank, the company and Casey have established Oct.
2, 1998, is a condition to continued forbearance by WorldCom and First Bank.