Acknowledgment of Debt. 1.1 The Company acknowledges and agrees that it is indebted to the Creditor in the amount of the Debt.
Acknowledgment of Debt. Borrower acknowledges that, to the best of Borrower’s knowledge, there are no claims, demands, offsets or defenses at law or in equity that would defeat or diminish Bank's present and unconditional right to collect the indebtedness evidenced by the Amended Note and to proceed to enforce the rights and remedies available to Bank as provided in the Second Amended Note, Loan Agreement, Security Agreement, or any other instrument, agreement, or document given in connection with the Line of Credit (collectively the “Loan Documents”) or by law. Until the Line of Credit is paid in full, interest and other charges shall continue to accrue and shall be due and owing.
Acknowledgment of Debt. 1.1 The Company acknowledges and agrees that it is indebted to the Creditor in the amount of the Debt.
1.2 The Debt was recorded on the books of the Company on March 2, 2011.
Acknowledgment of Debt. HLBE acknowledges that the principal balances owed AgStar and evidenced by the Notes as of December 1, 2012, are as set forth in the Recitals set forth above. In addition to the outstanding principal balances, interest will continue to accrue on such indebtedness and AgStar has incurred, and will continue to incur, costs and legal expenses as a result of HLBE’s defaults under the Loan Documents which amounts are, in accordance with the terms of the Loan Documents, due and payable by HLBE.
Acknowledgment of Debt. The Debtor, within ten (10) days after request by the Secured Party in writing, will furnish to the Secured Party, or to any proposed assignee of this Security Agreement, a written statement duly acknowledged of the amount due under this Security Agreement and the Note and due under any material Contract, and whether any offsets, counterclaims or defenses exist against the secured debt.
Acknowledgment of Debt. As of the close of business on April 28, 2023, each Loan Party was indebted, jointly and severally, to Lenders and Agent, without defense, deduction, setoff, claim or counterclaim, of any nature, under the Financing Agreement and the other Loan Documents in the aggregate principal amount of not less than $74,357,308.42, plus accrued and continually accruing interest and all fees, costs and expenses in accordance with the Loan Documents.
Acknowledgment of Debt. 1.1 The Company and the Subscriber acknowledge and agree that, as of the date of this Agreement, the Company is indebted to the Subscriber in the amount of the Indebtedness.
Acknowledgment of Debt. Borrower acknowledges and agrees that the Loan, as evidenced and secured by the Loan Documents, is a valid and existing indebtedness payable and owing to Agent, and Borrower covenants and agrees to pay the Note, as extended by this Agreement, in accordance with its terms.
Acknowledgment of Debt. 1.1 The Company acknowledges and agrees that it is indebted to the Creditor in the amount of the Debt.
1.2 The Debt was recorded on the books of the Company on July 23, 2013 ($18,328.08), August 15, 2013 ($1,250), August 30, 2013 ($1,250), and September 9, 2013 ($10,000) for a total of $30,828.08.
Acknowledgment of Debt. The Borrower acknowledges that, as a result of the defaults of the Borrower, Lender has the option to declare that the indebtedness evidenced by the Notes is, absent the provision of this Agreement, due and payable without any claims, defenses, counterclaims, offsets, and/or cross-complaints, or demands of any kind or nature whatsoever. The Borrower further acknowledges that the principal balance and accrued and unpaid interest owed on each of the Notes as of March 13, 2009, is as follows: Xxxx Note $ 28,806,137.30 $ 217,135.25 $ 64,069.08 $ 29,087,341.63 Term Revolving Note $ 6,000,000.00 $ 45,421.52 $ 13,150.40 $ 6,058,571.92 Revolving Line of Credit Note $ 6,000,000.00 $ 45,421.53 $ 13,150.40 $ 6,058,571.93 TOTAL $ 40,806,137.30 $ 307,978.30 $ 90,369.88 $ 41,204,485.48 In addition to said principal and interest balances, the Lender has incurred, and will continue to incur, costs and legal expenses as a result of the Borrower’s defaults under the Loan Documents which amounts are, in accordance with the terms of the Loan Documents, due and payable by the Borrower.
