Acknowledgement of Debt. Borrower acknowledges that there are no claims, demands, offsets or defenses at law or in equity that would defeat or diminish Bank’s right to collect the indebtedness evidenced by the documents described in the Recitals (“Loan Documents”) and to proceed to enforce the rights and remedies available to Bank as provided in the Loan Documents or by law. Capitalized terms in this Modification shall have the meanings given to them in the Loan Documents unless otherwise defined herein.
Acknowledgement of Debt. CCD-16 We hereby confirm and acknowledge my/our indebtedness on of the sum of Rs. (Rupees only) as stated in such that the debt is secured in the manner stated in the Schedule II below. The said documents of security executed on are in full force and effect and that the security thereunder is also in full force and effect. Further, l/We acknowledge for the purpose of Section 18 of the Limitation act, 1963 and any like limitation law in order to preclude any question of limitation law that I/We are liable to you for the payment of the outstanding amount as mentioned in the schedule I below and in respect of all the present and future indebtedness and liabilities of the said credit facilities together with interest, costs, charges and expenses in terms of the said promissory notes/agreements/documents as mentioned in schedule II and the said promissory notes/agreements/documents shall remain in force with all relative securities, agreements and obligations. Dated: (Stamp) (Signature/s of the Borrowers) I/We, the guarantor/s concur in the foregoing confirmation and acknowledge my/our liability under the letter/deed/agreement of guarantee signed by me /us and declare that the said guarantee is in full force and effect. Dated Schedule I Signature/s of the Guarantor/s) Facility Limit Sanctioned Outstandina as on (in Rupees) TRACTOR LOAN Schedule II oo Security Documents: Sr.N Document Dt. of Execution Amount 1 LOAN CUM HYPOTHECATION AGREEMENT 2 DEED OF GUARANTEE LETTER FOR DELIVERY OF P OST DATED CHEQUES Axis Bank Ltd. LETTER OF ACKNOWLEDGEMENT OF DEBT CCD-16 We hereby confirm and acknowledge my/our indebtedness on of the sum of Rs. (Rupees only) as stated in such that the debt is secured in the manner stated in the Schedule II below. The said documents of security executed on are in full force and effect and that the security thereunder is also in full force and effect. Further, l/We acknowledge for the purpose of Section 18 of the Limitation act, 1963 and any like limitation law in order to preclude any question of limitation law that I/We are liable to you for the payment of the outstanding amount as mentioned in the schedule I below and in respect of all the present and future indebtedness and liabilities of the said credit facilities together with interest, costs, charges and expenses in terms of the said promissory notes/agreements/documents as mentioned in schedule II and the said promissory notes/agreements/documents shall remain in force with all relati...
Acknowledgement of Debt. 1.1 In this Acknowledgement of debt, unless the context otherwise indicates: ‘’application’’ means the application form overleaf;
Acknowledgement of Debt. JKXJ acknowledges that it owes the Holder One Hundred Thousand Dollars ($100,000) plus applicable interest pursuant to the Note (the "Obligation").
Acknowledgement of Debt. (a) Original Borrower and, based solely on its servicing records, Lender confirm and acknowledge that the outstanding principal balance under the Note immediately prior to the Effective Date is $37,549,146.86 and the balances of all reserve and escrow accounts required under the Loan Documents are set forth on Schedule 1, attached hereto and made a part hereof. New Borrower declares and acknowledges, for the specific reliance and benefit of Lender, that (i) New Borrower has no right, claim, defense or right of offset of any kind or in any amount with respect to the Note, the Security Instrument or any of the other Loan Documents, and (ii) no amounts paid by New Borrower or Original Borrower to Lender pursuant to or in connection with the execution and delivery of this Agreement shall be applied to or set off against the principal balance of the Note.
Acknowledgement of Debt. The Borrower acknowledges that it is indebted to the Lenders for the principal amount outstanding of the Loan Notes from time to time as recorded in the Register.
Acknowledgement of Debt. 1.1 The Company acknowledges and agrees that it is indebted to the Creditor in the amount of the Debt.
Acknowledgement of Debt. (a) Without prejudice to the provisions of this Agreement, the Spanish Borrower hereby undertakes to grant a Spanish Public Document of acknowledgement of debt (documento público de reconocimiento deuda) in respect of the debt owing to the Lenders under this Agreement on the date of enforcement of this Agreement or on such other date as reasonably requested by the Administrative Agent. Such deed of acknowledgement of debt shall be granted before the Notary designated by the Spanish Borrower and within the period of ten (10) Business Days from the date of the request made by the Administrative Agent on this regard.
Acknowledgement of Debt. Borrower acknowledges that there are no claims, demands, offsets or defenses at law or in equity that would defeat or diminish Sumitomo's right to collect the indebtedness evidenced by the Note and Agreement and to proceed to enforce the rights and remedies available to Sumitomo as provided in the Loan Documents or by law.
Acknowledgement of Debt. JKXJ acknowledges that it owes the Holder Twenty Five Thousand Dollars ($25,000) plus applicable interest pursuant to the Note (the "Obligation").
