Excerpt from Practical Guidance

A Guide To Negotiating Forbearance Agreements

Law360, New York (March 12, 2014, 5:07 PM EDT) -- When faced with an existing or impending default under a loan agreement, a company may request that the lender forbear for a limited period of time from taking legal actions that it may otherwise be entitled to take in order to allow the company some time to resolve its financial problems....

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