Amount Owed. Subtract line 8 from line 7 and enter the result . . . . . . . . . . . . 9
Amount Owed. Notwithstanding the principal amount stated on the face of the $7,000,000 Line Note, the actual principal amount due from the Borrower on account of such $7,000,000 Line Note shall be the sum of all amounts advanced against such $7,000,000 Line Note, less all principal payments actually received in collected funds to be applied toward repayment of the $7,000,000 Line Note. Each Advance made against the $7,000,000 Line Note and each principal payment thereon shall be recorded by the Bank in its books and records, and the unpaid principal balances so recorded shall be presumptive evidence of the principal amounts owing thereon, absent manifest error.
Amount Owed. As of the effective Date of this Loan Agreement, the total amount owed (principal and interest) by Borrower to Lender under the Fist Loan Agreement is $0.00, with all outstanding amounts owed having been satisfied pursuant to the Debt Conversion Agreement and no new debt incurred by Borrower between the effective dates of the Debt Conversion Agreement and this Loan Agreement.
Amount Owed the amount of money due to the Client from the Obliged, resulting from the breach of the air carriage agreement, paid as damages for: delayed flights; cancelled flights; denied boarding; damage, delay, or loss of luggage; or, losses arising from other costs in connection with the abovementioned events;
Amount Owed. The amount of principal owed under the Consolidated Note as of the Effective Date is hereby agreed to be the Consolidated Debt. After the Effective Date, interest shall accrue on the Consolidated Debt. No other imposition of any penalties, additional interest, or any other amounts shall be included in the Consolidated Debt. However, in the event of an Event of Default under the Consolidated Note after the Effective Date, then Blue Citi shall also be entitled to all remedies provided under the Consolidated Note.
Amount Owed. Owner authorizes the dealer to perform a safety inspection of the RV and dealer shall provide the owner of the findings. The RV is required to pass dealers mechanical/safety inspection before a retail sale can take place; inspection will occur before acceptance to consign. All repair work must be authorized by the owner either in writing or verbally and shall be paid to the dealer by the owner when repairs are completed prior to finalizing sale. In the event that the owner's lien payoff balance is higher than the agreed-upon net sale price, the owner will immediately provide the dealer the payoff difference in the form of a cashier's check. Owner further certifies that I/we have funds on hand to accomplish this. Owner agrees to pay a placement fee of $350 at time of agreement. The fee is nonrefundable and for the sole purpose of cleaning, inspecting staging, and advertising of the RV. Owner agrees to deliver a clean RV inside and out, free of all personal effects, with all books, manuals and keys. Owner will empty all holding tanks, cabinets, storage compartments, and refrigerator. Dealer is not responsible for, and cannot guarantee the return of any personal items left in the RV. If the RV is motorized, the fuel tank should be at least half full at the time of delivery for test drive purposes.
Amount Owed. The Borrower's obligations under this subparagraph shall survive the later of (i) the termination of this Agreement or (ii) the payment of all amounts payable hereunder;
(m) Furnish the Bank within five (5) business days after the Borrower's executive management obtains knowledge of, or should have known of, an Event of Default hereunder, including any failure to comply with the covenants herein, written notice setting forth the details thereof;
(n) Maintain appropriate and reasonable insurance as to the Collateral including hazard, general liability, builders risk (where appropriate) and business interruption insurance with such insurers and such amounts and coverage as is acceptable to the Bank, shall name the Bank as insured, certificate holder, loss payee or mortgagee, as applicable, and shall provide the Bank with satisfactory evidence thereof;
(o) Preserve and maintain, and cause each of its Subsidiaries to preserve and maintain, all of its and their rights, privileges and franchises (including, without limitation, licenses) necessary or desirable in the normal conduct of its business, and conduct its business in an orderly, efficient and regular manner and continuously except for periodic shut-downs in the ordinary course of business and interruptions caused by strike, labor dispute, lack of materials or labor, catastrophe, or other events over which it has no control. Nothing herein contained shall prevent the termination of the business or corporate existence of any such Subsidiary which in the judgment of the Borrower is no longer necessary or desirable, the temporary suspension of the normal conduct of a portion of the Borrower's business in accordance with the Plans and Specifications for an Approved Project, or the temporary closing of either the Harbour Town or Sea Marsx xxxf course for no more than a six (6) month period each, in connection with major renovations to said golf courses.
(p) Use its best efforts to ensure preservation of a gate entry policy for Sea Pines Plantation, preservation of ingress and egress over the roads of Sea Pines Plantation to
Amount Owed. By their signature below, each of the Company and PM agree that the sum total of the deferred salary payments under the Employment Agreement and the amount deferred under the Retention Agreement that is owed to PM as of the Effective Date is $283,385 (such sum total of deferred amounts under Employment Agreement and the Retention Agreement hereinafter referred to collectively as the “Deferred Amount”).
Amount Owed. The Loan Parties hereby acknowledge that the amount owed by Trebor to the Bank is itemized as follows:
(i) under the First Note through and including November 22, 2010, is $854,959.70 in principal, plus accrued but unpaid interest in the amount of $20,418.58 and late fees of $300.00, plus per diem interest of $166.01 accruing thereafter; and
(ii) under the Second Note through and including November 22, 2010, is $199,033.57 in principal, plus accrued but unpaid interest in the amount of $359.37, plus per diem interest of $35.93 accruing thereafter. In addition to these amounts, the Loan Parties owe costs and legal fees (including reasonable attorney’s fees, paralegal fees, and expenses) incurred by the Bank in connection with the negotiation, preparation, execution and enforcement of this Agreement and all other documents entered into in connection herewith.
Amount Owed. Giving effect to Akorn’s payment of $1,000,000 on March 13, 2009 (the “$1 Million Payment"), Akorn currently owes MBL $5,750,000 million for Td vaccine shipments delivered and accepted (the “Amount Owed”). Payment of the Amount Owed is past due.
