Common use of Acknowledgment of Obligations Security Interests and Financing Agreements Clause in Contracts

Acknowledgment of Obligations Security Interests and Financing Agreements. (a) Acknowledgment of Obligations. Borrowers and Guarantors hereby acknowledge, confirm and agree that Borrowers are unconditionally indebted to Agent and Lenders as of the close of business on March 27, 2013, in respect of the Loans and all other Obligations in the aggregate principal amount of not less than $9,203,547.15, together with interest accrued and accruing thereon, and all fees, costs, expenses and other sums and charges now or hereafter payable by Borrowers to Agent and Lenders pursuant to the Loan Agreement and the other Financing Agreements, all of which are unconditionally owing by Borrowers to Agent and Lenders pursuant to the Financing Agreements, in each case without offset, defense or counterclaim of any kind, nature or description whatsoever.

Appears in 1 contract

Samples: Loan and Security Agreement (Lighting Science Group Corp)

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Acknowledgment of Obligations Security Interests and Financing Agreements. (a) Acknowledgment of Obligations. Borrowers and Guarantors hereby acknowledge, confirm and agree that Borrowers are unconditionally indebted to Agent and Lenders as of the close of business on March 27April 21, 20132011, in respect of the Loans and all other Obligations in the aggregate principal amount of not less than $9,203,547.159,677,630.44, together with interest accrued and accruing thereon, and all fees, costs, expenses and other sums and charges now or hereafter payable by Borrowers to Agent and Lenders pursuant to the Loan Agreement and the other Financing Agreements, all of which are unconditionally owing by Borrowers to Agent and Lenders pursuant to the Financing Agreements, in each case without offset, defense or counterclaim of any kind, nature or description whatsoever.

Appears in 1 contract

Samples: Loan and Security Agreement (Lighting Science Group Corp)

Acknowledgment of Obligations Security Interests and Financing Agreements. (a) Acknowledgment of Obligations. Borrowers and Guarantors hereby acknowledge, confirm and agree that Borrowers are unconditionally indebted to Agent and Lenders as of the close of business on March 27August 4, 20132011, in respect of the Loans and all other Obligations in the aggregate principal amount of not less than $9,203,547.1518,756,966.62, together with interest accrued and accruing thereon, and all fees, costs, expenses and other sums and charges now or hereafter payable by Borrowers to Agent and Lenders pursuant to the Loan Agreement and the other Financing Agreements, all of which are unconditionally owing by Borrowers to Agent and Lenders pursuant to the Financing Agreements, in each case without offset, defense or counterclaim of any kind, nature or description whatsoever.

Appears in 1 contract

Samples: Loan and Security Agreement and Waiver (Lighting Science Group Corp)

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Acknowledgment of Obligations Security Interests and Financing Agreements. (a) Acknowledgment of Obligations. Borrowers and Guarantors hereby acknowledge, confirm and agree that Borrowers are unconditionally indebted to Agent and Lenders as of the close of business on March 27September 16, 20132011, in respect of the Loans and all other Obligations in the aggregate principal amount of not less than $9,203,547.1529,849,133.85, together with interest accrued and accruing thereon, and all fees, costs, expenses and other sums and charges now or hereafter payable by Borrowers to Agent and Lenders pursuant to the Loan Agreement and the other Financing Agreements, all of which are unconditionally owing by Borrowers to Agent and Lenders pursuant to the Financing Agreements, in each case without offset, defense or counterclaim of any kind, nature or description whatsoever.

Appears in 1 contract

Samples: Loan and Security Agreement (Lighting Science Group Corp)

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