Common use of Acknowledgment of Defaults Clause in Contracts

Acknowledgment of Defaults. Borrower and each Guarantor specifically acknowledge the existence and continuation of the Specified Defaults.

Appears in 2 contracts

Samples: Forbearance Agreement, Forbearance Agreement (Buca Inc /Mn)

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Acknowledgment of Defaults. Borrower and each Guarantor specifically acknowledge acknowledges the existence and continuation of the Specified Defaults.

Appears in 2 contracts

Samples: Forbearance and Amendment Agreement (Industrial Holdings Inc), Settlement and Deficiency Agreement (Megaworld Inc)

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Acknowledgment of Defaults. Each Borrower and each Guarantor specifically acknowledge acknowledges the existence and continuation of the Specified Defaults.

Appears in 1 contract

Samples: Limited Forbearance Agreement (Furrs Restaurant Group Inc)

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