Excerpt from Practical Guidance

Nuts And Bolts Of Negotiating Forbearance Agreements

Law360, New York (May 8, 2013, 6:05 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. In such a scenario, the lender will need to analyze the situation to determine if it believes that the company can remedy the defaults (or that a more global restructuring can occur) during the forbearance period and that the lender's interests will be adequately protected during this period.

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