Common use of Acknowledgment of Obligations Clause in Contracts

Acknowledgment of Obligations. Each Borrower hereby (1) reaffirms and ratifies all of the promises, agreements, covenants and obligations to Lenders under or in respect of the Loan Agreement and other Loan Documents as amended hereby and (2) acknowledges that it is unconditionally liable for the punctual and full payment of all Obligations, including, without limitation, all charges, fees, expenses and costs (including reasonable attorneys' fees and expenses) under the Loan Documents, as amended hereby, and that it has no defenses, counterclaims or setoffs with respect to full, complete and timely payment and performance of all Obligations.

Acknowledgment of Obligations. Each The Borrower hereby (1i) reaffirms and ratifies all of the promises, agreements, covenants and obligations to Lenders Lender under or in respect of the Loan Agreement and other Loan Documents as amended hereby and (2ii) acknowledges that it is unconditionally liable for the punctual and full payment of all Obligations, including, without limitation, all charges, fees, expenses and costs (including reasonable attorneys' ’ fees and expenses) under the Loan Documents, as amended hereby, and that it has no defenses, counterclaims or setoffs with respect to full, complete and timely payment and performance of all Obligations.

Acknowledgment of Obligations. Each Borrower hereby (1) reaffirms and ratifies all of the promises, agreements, covenants and obligations to Lenders Lender under or in respect of the Loan Agreement and other Loan Documents as amended hereby and (2) acknowledges that it is unconditionally liable for the punctual and full payment of all Obligations, including, without limitation, all charges, fees, expenses and costs (including reasonable attorneys' fees and expenses) under the Loan Documents, as amended hereby, and that it has no defenses, counterclaims or setoffs with respect to full, complete and timely payment and performance of all Obligations.

Acknowledgment of Obligations. Each Borrower hereby (1) reaffirms and ratifies all of the promises, agreements, covenants and obligations to Lenders Bank under or in respect of the Loan Agreement and other Loan Documents as amended hereby and (2) acknowledges that it is unconditionally liable for the punctual and full payment of all Obligations, including, without limitation, all charges, fees, expenses and costs (including reasonable attorneys' fees and expenses) under the Loan Documents, as amended hereby, and that it has no defenses, counterclaims or setoffs with respect to full, complete and timely payment and performance of all Obligations.

Acknowledgment of Obligations. Each Borrower hereby (1) reaffirms and ratifies all of the promises, agreements, covenants and obligations to Lenders Bank under or in respect of the Loan Agreement and other Loan Documents as amended hereby and (2) acknowledges that it is unconditionally liable for the punctual and full payment of all Obligations, including, without limitation, all charges, fees, expenses and costs (including reasonable attorneys' fees and expenses) under the Loan Documents, as amended hereby, and that it has no defenses, counterclaims or setoffs with respect to full, complete and timely payment and performance of all Obligations. Each Borrower confirms and agrees that at January 31, 1999 the outstanding principal balances of and accrued interest on the Loans and the fees owed to Bank were as set forth on Exhibit C hereto.