Item 1.01 Entry into a Material Definitive Agreement
On
Pursuant to the Forbearance Agreement, subject to certain terms and conditions,
the Forbearing Parties have agreed to forbear from exercising any rights or
remedies arising from certain events of default under the Credit Agreement and
other loan documents to which the Company, Rosehill Operating and the Forbearing
Parties are party. As a condition to the Forbearance Agreement, Rosehill
Operating has made a
The Forbearance Agreement will terminate at
The above descriptions of the terms of the Forbearance Agreement do not purport to be complete and are qualified in their entirety by the full text of the Forbearance Agreement, which is attached as an exhibit hereto and incorporated herein by reference. Capitalized terms used but not defined herein have the meaning set forth in the Forbearance Agreement.
Forward-Looking Statements
This Current Report on Form 8-K includes certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, including
statements relating to the early termination of the Forbearance Agreement or the
entry into a Restructuring Support Agreement with certain stakeholders. Such
statements are subject to risks and uncertainties that could cause results to
differ materially from the Company's expectations, including the risk factors
described in the Company's Annual Report on Form 10-K for the year ended
Exhibit No. Description Forbearance Agreement, datedMay 4, 2020 , among the 10.1 Company, Rosehill Operating, the financial institutions party thereto as Lenders and constituting not less than the Required Lenders and JP Morgan.
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