← All workflows

Forbearance Agreement

Draft Loan Forbearance Agreements in Minutes

12 minutes with CaseMark

Fast lane

We have it from here.

Choose the fast one-off run here, or jump into the workspace when you want saved history, revisions, and a fuller matter workflow.

Run this once here

Best for a quick one-off job. Add your email, upload the files, and we'll run the workflow and send the result to your inbox.

1. Add your email so we know where to send the result.

2. Upload the files you want analyzed.

3. Run the workflow and we'll take it from there.

Use in Workspace

Best for ongoing matters

Save and reopen matters, keep documents together, refine the output, rerun with changes, and export or share polished work product when you're done.

Open in Workspace

Need more context?

Scroll for the workflow details below if you want to review what this run handles, what documents help, and what the output looks like.

If this is part of a live matter, the workspace is the better fit: you can keep your documents together, revisit the result, and keep working without starting from scratch.

Jump to detailsOpen in Workspace

Start here

Run this workflow now

Best for a fast one-off run. Add your email, upload the files, and we'll deliver the result without sending you into the full app.

Workflow

Forbearance Agreement

Step 1 · Deliver to

Step 3 · Run this workflow

Workflow

Forbearance Agreement

Overview

CaseMark's Forbearance Agreement skill drafts comprehensive loan forbearance agreements that temporarily suspend lender enforcement rights while preserving all remedies during borrower default situations. The AI produces structured, lender-protective documents covering forbearance terms, payment modifications, conditions precedent, reservation of rights, and termination provisions. Each agreement is tailored to the specific loan structure, default circumstances, and proposed workout terms.

Drafting loan forbearance agreements is a time-sensitive, high-stakes process that requires careful documentation of defaults, precise payment modification terms, and robust lender protections. Attorneys must balance urgency—borrowers in default need immediate relief—with the complexity of preserving lender remedies, documenting multiple defaults, and structuring compliant workout arrangements. Manual drafting often takes hours and risks omitting critical protective provisions.

CaseMark automates the drafting of comprehensive forbearance agreements by analyzing your existing loan documents, default details, and proposed terms. The AI generates a complete, structured agreement with proper recitals, forbearance terms, lender reservations of rights, borrower acknowledgments, and termination provisions—all in minutes. Attorneys can focus on negotiation strategy and client counseling rather than document assembly.

How it works

  1. 1. Upload your existing loan documents, default details, and proposed forbearance terms

  2. 2. AI analyzes loan structure, identifies defaults, and drafts a comprehensive forbearance agreement

  3. 3. Review and customize forbearance period, payment modifications, and lender protections

  4. 4. Export the finalized agreement in your preferred format (DOCX, PDF)

What you get

  • Title, Parties & Recitals

  • Forbearance Period & Payment Modifications

  • Conditions Precedent & Ongoing Covenants

  • Lender Reservation of Rights

  • Representations & Warranties

  • Default & Termination Provisions

  • Release, Waiver & Reaffirmation

  • General Provisions & Exhibits

What it handles

  • Comprehensive recitals with default identification and debt acknowledgment

  • Structured forbearance period with customized payment modification terms

  • Lender reservation of rights with narrow commitments and broad protections

  • Borrower representations, warranties, and release provisions

  • Default triggers and termination consequences with automatic remedy restoration

  • Integrated exhibits including payment schedules and payoff statements

Required documents

  • Loan Agreement & Promissory Note

    The original loan agreement, promissory note, and any prior amendments or modifications

    .pdf, .docx

  • Default Documentation

    Records of defaults including missed payment dates, amounts, covenant violations, and default notices

    .pdf, .docx, .xlsx

  • Proposed Forbearance Terms

    Outline of desired forbearance period, payment modifications, and lender conditions

    .pdf, .docx

Supporting documents

  • Security Agreements & Guaranties

    Collateral security agreements, UCC filings, mortgages, and personal or corporate guaranties

    .pdf, .docx

  • Collateral Valuation

    Current appraisals, valuations, or assessments of collateral securing the loan

    .pdf, .docx, .xlsx

  • Borrower Financial Statements

    Recent borrower financial statements, cash flow projections, or business plans supporting the workout

    .pdf, .xlsx

Why teams use it

Reduce forbearance agreement drafting time from hours to minutes while maintaining comprehensive lender protections

Ensure consistent inclusion of critical provisions including reservation of rights, borrower releases, and reaffirmation clauses

Accurately document complex default histories and payment modification structures with professional precision

Generate complete agreement packages with integrated exhibits, payment schedules, and payoff statements

Questions

What types of loan forbearance agreements can CaseMark draft?

CaseMark drafts forbearance agreements for commercial loans, including payment deferrals, temporary rate modifications, covenant waivers, and structured workout arrangements. The AI adapts to various loan structures including term loans, revolving credit facilities, and secured lending transactions.

How does the AI handle lender reservation of rights?

CaseMark drafts narrow lender commitments paired with broad reservations of rights, ensuring the forbearance does not constitute a waiver of existing defaults or future remedies. The AI preserves all lender enforcement options upon termination of the forbearance period.

Can the agreement include borrower release and reaffirmation provisions?

Yes. CaseMark automatically includes borrower release provisions covering claims against the lender, along with reaffirmation of the underlying debt obligations, guaranties, and security interests. These provisions are critical for protecting lender interests during workout situations.

Does CaseMark account for multiple defaults and guarantors?

Absolutely. CaseMark identifies and documents multiple defaults including missed payments, covenant violations, and cross-defaults. The AI also incorporates guarantor acknowledgments and ensures all parties to the original loan transaction are properly addressed in the forbearance agreement.

How does CaseMark handle termination triggers?

CaseMark drafts detailed termination provisions specifying events that end the forbearance period, including new defaults, breach of forbearance covenants, material adverse changes, and failure to meet milestone conditions. The consequences of termination, including automatic remedy restoration, are clearly defined.

Can I customize the payment modification schedule?

Yes. CaseMark generates flexible payment modification structures based on your proposed terms, including reduced payments, interest-only periods, payment deferrals, and catch-up schedules. You can review and adjust the payment schedule before finalizing the agreement.

Related

Access and Indemnity Agreement (Due Diligence)

Draft Property Access Agreements in Minutes with AI

Access Indemnity Agreement

Draft Access & Indemnity Agreements in Minutes

Ad Fund Agreement

Draft Ad Fund Agreements in Minutes, Not Hours