Common use of Acknowledgment of Indebtedness Clause in Contracts

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. Borrower confirms and acknowledges that as of the close of business on May April 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, $1,878,075.66 comprised of: (a) $ 1,066,610 $1,328,075.55 outstanding with respect to the Revolving Loans, and (b) $ 511,650 $550,000.11 outstanding with respect to the Term Loan, plus any accrued and unpaid interest and all fees, costs and expenses (including attorneys' fees) incurred Incurred to date in connection with the Existing Loan Documents.,

Acknowledgment of Indebtedness. Borrower confirms and acknowledges that as of the close of business on May August 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$1,206,767, comprised of: (a) $ 1,066,610 $786,867 outstanding with respect to the Revolving Loans, and (b) $ 511,650 $419,900 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. Borrower confirms and acknowledges that as of the close of business on May September 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$1,157,235.00, comprised of: (a) $ 1,066,610 $792,285.00 outstanding with respect to the Revolving Loans, and (b) $ 511,650 $364,850.00 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. Borrower confirms and acknowledges that as of the close of business on May June 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 $ 1,578,2601,477,422, comprised of: (a) $ 1,066,610 984,122 outstanding with respect to the Revolving Loans, and (b) $ 511,650 493,300 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.