AMENDMENT NO. 1 TO FORBEARANCE AGREEMENTForbearance Agreement |
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N.E.S. Investment Co | Continental Global Group, Inc | CFSC Wayland Advisors, Inc.. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Exhibit 10.8
AMENDMENT NO. 1 TO
FORBEARANCE AGREEMENT
This Amendment No. 1 to Forbearance Agreement ("Amendment")
dated as of May 27, 2004 is made and entered into by and among Continental
Global Group, Inc., a Delaware corporation (the "Company"), N.E.S. Investment
Co. ("N.E.S.") and CFSC Wayland Advisers, Inc. ("Wayland").
BACKGROUND
A. Wayland is a holder of, or investment manager or advisor for certain
discretionary accounts that are holders or beneficial owners of, certain of the
Notes.
B. The Company, Wayland and N.E.S. are in good faith negotiations regarding the
restructuring of the terms of the Notes.
C. The Company, N.E.S. and Wayland entered into that certain Forbearance
