Common use of Amount of Obligations Clause in Contracts

Amount of Obligations. Each Loan Party acknowledges and agrees that (a) as of the close of business on December 31, 2011, the Obligations include, without limitation, the amounts set forth on Schedule 1 attached hereto on account of the outstanding unpaid amount of principal of, accrued and unpaid interest on, the Loans and (b) such Loan Party is truly and justly indebted to the Lenders and the Administrative Agent for the Obligations without defense, counterclaim or offset of any kind, and such Loan Party ratifies and reaffirms the validity, enforceability and binding nature of such Obligations.

Appears in 2 contracts

Samples: Credit Agreement (American Apparel, Inc), Credit Agreement (American Apparel, Inc)

AutoNDA by SimpleDocs

Amount of Obligations. Each Loan Party acknowledges and agrees that (a) as of the close of business on December 31September 30, 20112012, the Obligations include, without limitation, the amounts set forth on Schedule 1 attached hereto on account of the outstanding unpaid amount of principal of, accrued and unpaid interest on, of the Loans (including PIK Interest and PIK Fees that have been added to the principal amount of the Loans) and (b) such Loan Party is truly and justly indebted to the Lenders and the Administrative Agent for the Obligations without defense, counterclaim or offset of any kind, and such Loan Party ratifies and reaffirms the validity, enforceability and binding nature of such Obligations.

Appears in 2 contracts

Samples: Credit Agreement (American Apparel, Inc), Credit Agreement (American Apparel, Inc)

Amount of Obligations. Each Loan Party acknowledges and agrees that (a) as of the close of business on December 31, 20112012, the Obligations include, without limitation, the amounts set forth on Schedule 1 attached hereto on account of the outstanding unpaid amount of principal of, accrued of the Loans (including PIK Interest and PIK Fees that have been added to the principal amount of the Loans) and unpaid cash interest on, the Loans accrued as of such date and (b) such Loan Party is truly and justly indebted to the Lenders and the Administrative Agent for the Obligations without defense, counterclaim or offset of any kind, and such Loan Party ratifies and reaffirms the validity, enforceability and binding nature of such Obligations.

Appears in 1 contract

Samples: Credit Agreement (American Apparel, Inc)

AutoNDA by SimpleDocs

Amount of Obligations. Each Loan Party acknowledges and agrees that (a) as of the close of business on December March 31, 2011, the Obligations include, without limitation, the amounts set forth on Schedule 1 attached hereto on account of the outstanding unpaid amount of principal of, accrued and unpaid interest on, the Loans and (b) such Loan Party is truly and justly indebted to the Lenders and the Administrative Agent for the Obligations without defense, counterclaim or offset of any kind, and such Loan Party ratifies and reaffirms the validity, enforceability and binding nature of such Obligations.

Appears in 1 contract

Samples: Credit Agreement (American Apparel, Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.