Common use of Amount of Obligations Clause in Contracts

Amount of Obligations. The Combined Borrowers acknowledge and agree that (a) as of the close of business on March 13, 2015, the Canadian Secured Indebtedness includes, without limitation, not less than $97.4 million of Canadian Loans and not less than $28.5 million of face amount of Canadian Letters of Credit and (b) it is truly and justly indebted to the Canadian Secured Parties and the Administrative Agents for the Canadian Secured Indebtedness without defense, counterclaim or offset of any kind, and it ratifies and reaffirms the validity, enforceability and binding nature of such Canadian Secured Indebtedness.

Appears in 2 contracts

Samples: Waiver and Forbearance Agreement (Quicksilver Resources Inc), Waiver and Forbearance Agreement (Quicksilver Resources Inc)

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Amount of Obligations. The Combined Borrowers acknowledge Canadian Borrower acknowledges and agree agrees that (a) as of the close of business on March 13December 1, 2015, the Canadian Secured Indebtedness includes, without limitation, not less than $97.4 78.4 million of Canadian Loans and not less than $28.5 1.8 million of face amount of Canadian Letters of Credit (in each case, on a United States dollar equivalent) and (b) it is truly and justly indebted to the Canadian Secured Parties and the Administrative Agents for the Canadian Secured Indebtedness without defense, counterclaim or offset of any kind, and it ratifies and reaffirms the validity, enforceability and binding nature of such Canadian Secured Indebtedness.

Appears in 1 contract

Samples: Forbearance Agreement (Quicksilver Resources Inc)

Amount of Obligations. The Combined Borrowers acknowledge Canadian Borrower acknowledges and agree agrees that (a) as of the close of business on March 13September 2, 2015, the Canadian Secured Indebtedness includes, without limitation, not less than $97.4 79.2 million of Canadian Loans and not less than $28.5 2.0 million of face amount of Canadian Letters of Credit and (b) it is truly and justly indebted to the Canadian Secured Parties and the Administrative Agents for the Canadian Secured Indebtedness without defense, counterclaim or offset of any kind, and it ratifies and reaffirms the validity, enforceability and binding nature of such Canadian Secured Indebtedness.

Appears in 1 contract

Samples: Forbearance Agreement (Quicksilver Resources Inc)

Amount of Obligations. The Combined Borrowers acknowledge Canadian Borrower acknowledges and agree agrees that (a) as of the close of business on March 13June 5, 2015, the Canadian Secured Indebtedness includes, without limitation, not less than $97.4 82.7 million of Canadian Loans and not less than $28.5 2.1 million of face amount of Canadian Letters of Credit and (b) it is truly and justly indebted to the Canadian Secured Parties and the Administrative Agents for the Canadian Secured Indebtedness without defense, counterclaim or offset of any kind, and it ratifies and reaffirms the validity, enforceability and binding nature of such Canadian Secured Indebtedness.

Appears in 1 contract

Samples: Waiver and Forbearance Agreement (Quicksilver Resources Inc)

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Amount of Obligations. The Combined Borrowers acknowledge Canadian Borrower acknowledges and agree agrees that (a) as of the close of business on March 13February 1, 20152016, the Canadian Secured Indebtedness includes, without limitation, not less than $97.4 75.6 million of Canadian Loans and not less than $28.5 1.7 million of face amount of Canadian Letters of Credit (in each case, on a United States dollar equivalent) and (b) it is truly and justly indebted to the Canadian Secured Parties and the Administrative Agents for the Canadian Secured Indebtedness without defense, counterclaim or offset of any kind, and it ratifies and reaffirms the validity, enforceability and binding nature of such Canadian Secured Indebtedness.

Appears in 1 contract

Samples: Forbearance Agreement (Quicksilver Resources Inc)

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