Acknowledgment of Indebtedness. The Issuer acknowledges its indebtedness to the Note Holder in respect of each Note issued under this agreement.
Acknowledgment of Indebtedness. The Borrower hereby acknowledges and agrees that it is liable to the Lender as follows (all amounts in USD):
Acknowledgment of Indebtedness. The Borrower hereby acknowledges and agrees that it is liable to the Lender as follows:
Acknowledgment of Indebtedness. Each Loan Party acknowledges and agrees that, as of February 8, 2021, the Loan Parties are indebted, jointly and severally, (a) to the Tranche A Term Loan Lenders for the Tranche A Term Loans in an aggregate outstanding principal amount equal to $5,028,141.13 plus accrued and unpaid interest thereon, as provided in the Financing Agreement and the other Loan Documents, $1,238,759.62 of which is payable to Callodine Commercial Finance SPV, LLC (f/k/a Xxxxxx Xxxxxxxx Finance Company, LLC), $1,301,986.51 of which is payable to Xxxxxx Xxxxxxxx Brands, LLC and $2,487,395.00 of which is payable 1903 Partners, LLC; (b) the Tranche B Term Loan Lenders for the Tranche B Term Loans in an aggregate outstanding principal amount equal to $35,196,988.01 plus accrued and unpaid interest 10083707 thereon, as provided in the Financing Agreement and the other Loan Documents, $8,671,317.37 of which is payable to Callodine Commercial Finance SPV, LLC, $9,113,905.69 of which is payable to Xxxxxx Xxxxxxxx Brands, LLC and $17,411,764.95 of which is payable 1903 Partners, LLC; (c) the Tranche C Term Loan Lenders for the Tranche C Term Loans in an aggregate outstanding principal amount equal to $860,992.83 plus accrued and unpaid interest thereon, as provided in the Financing Agreement and the other Loan Documents; (d) the Tranche D Term Loan Lenders for the Tranche D Term Loans in an aggregate outstanding principal amount equal to $5,165,956.95 plus accrued and unpaid interest thereon, as provided in the Financing Agreement and the other Loan Documents and (e) for accrued and unpaid fees and expenses of Agents and Lenders (and any other amounts due under the Financing Agreement and the other Loan Documents, including but not limited to reasonable fees and disbursements of counsel).
Acknowledgment of Indebtedness. Borrower hereby acknowledges and agrees that, in accordance with, and subject to, the terms and conditions of the Loan Documents, it is liable to Bank as follows:
Acknowledgment of Indebtedness. The Obligors each hereby acknowledge and agree that, in accordance with the terms and conditions of the Loan Documents, they are jointly and severally liable to the Lender as follows:
Acknowledgment of Indebtedness. Company acknowledges that as of the date of this Agreement, it is well and truly indebted to Bank One pursuant to the terms of the Note, as modified hereby. Company hereby promises to pay to Bank One the indebtedness evidenced by the Note in accordance with the terms thereof, as modified hereby, and shall observe, comply with, and perform all of the obligations, terms, and conditions under or in connection with the Note and all other Loan Documents.
Acknowledgment of Indebtedness. This Agreement recognizes the reduction ------------------------------- of the principal amount of the Note and the payment of interest thereon to the extent of payments made by Original Borrower prior to the date of execution of this Agreement. The parties acknowledge and agree that, as of the date of this Agreement, the principal balance of the Note is $15,500,000.00 and interest on the Note is paid to August 10, 2006. Assuming Borrower acknowledges and agrees that the Loan, as evidenced and secured by the Loan Documents, is a valid and existing indebtedness payable by Assuming Borrower to Lender. The parties acknowledge that Lender is holding the following escrow and/or reserve balances: Tax Escrow: $21,719.45 Insurance Escrow: $58,242.81 Replacement Reserve: $49,022.62 Tenant Improvements and Leasing Commissions $38,396.91 Deferred Maintenance: $ 9,469.47 The parties acknowledge and agree that Lender shall continue to hold the escrow and reserve balances for the benefit of Assuming Borrower in accordance with the terms of the Loan Documents. Original Obligors covenant and agree that the Lender Parties have no further duty or obligation of any nature to Original Obligors relating to such escrow and/or reserve balances. Original Obligors hereby release and forever discharge the Lender Parties from any obligations to Original Obligors relating to such escrow and/or reserve balances. Assuming Obligors acknowledge and agree that the funds listed above constitute all of the reserve and escrow funds currently held by Lender with respect to the Loan and authorize such funds to be transferred to an account controlled by Lender for the benefit of Lender and Assuming Borrower. The parties further acknowledge and agree that Lender shall direct the Clearing Bank (as defined in the Cash Management Agreement) to continue to hold and manage the accounts established pursuant to the Cash Management Agreement for the benefit of Assuming Borrower in accordance with the terms thereof. Original Obligors covenant and agree that the Clearing Bank and Lender Parties have no further duty or obligation of any nature to Original Obligors relating to such accounts. Original Obligors hereby release and forever discharge the Clearing Bank and Lender Parties from any obligations to Original Obligors relating to such accounts.
Acknowledgment of Indebtedness. Borrower confirms and acknowledges that as of the close of business on May 1, 2002, it is indebted to Lender under the Loan Documents without any deduction, defense, setoff, claim or counterclaim, of any nature, in the aggregate principal amount of $ 1,578,260, comprised of: (a) $ 1,066,610 outstanding with respect to the Revolving Loans, and (b) $ 511,650 outstanding with respect to the Term Loan, plus any accrued and unpaid interest and all fees, costs and expenses (including attorneys' fees) incurred to date in connection with the Existing Loan Documents.
Acknowledgment of Indebtedness. Xxxxxx and each of the Borrower Parties acknowledges and agrees that, as of _______ __, 20__, the outstanding principal balance of the Note is $_________________________.
