Common use of BORROWERS ACKNOWLEDGEMENTS Clause in Contracts

BORROWERS ACKNOWLEDGEMENTS. As of March 15, 2001, there was (i) $1,608,688.09 in principal owing under the Consolidated Note, (ii) $5,821,123.07 in principal owing under the Convertible Note and (iii) $1,500,000.00 in principal owing under the Texas Note, plus accrued but unpaid interest, costs and expenses and other obligations provided in the Loan Documents (all such obligations of Borrower to Lender are hereinafter collectively referred to as the "OBLIGATIONS"). The Obligations are due and owing Lender without setoff, recoupment, defense, deduction, counterclaim, credit, allowance or adjustment, whether in law or equity, of any kind or nature.

BORROWERS ACKNOWLEDGEMENTS. As of March 15October 10, 20012000, there was (i) $1,608,688.09 1,616,951.71 in principal owing under the Consolidated Note, (ii) $5,821,123.07 5,851,025.37 in principal owing under the Convertible Note and (iii) $1,500,000.00 in principal owing under the Texas Note, plus accrued but unpaid interest, costs and expenses and other obligations provided in the Loan Documents (all such obligations of Borrower to Lender are hereinafter collectively referred to as the "OBLIGATIONSObligations"). The Obligations are due and owing Lender without setoff, recoupment, defense, deduction, counterclaim, credit, allowance or adjustment, whether in law or equity, of any kind or nature.

BORROWERS ACKNOWLEDGEMENTS. As of March 15February 28, 2001, there was (i) $1,608,688.09 1,613,979.83 in principal owing under the Consolidated Note, (ii) $5,821,123.07 5,837,166.41 in principal owing under the Convertible Note and (iii) $1,500,000.00 in principal owing under the Texas Note, plus accrued but unpaid interest, costs and expenses and other obligations provided in the Loan Documents (all such obligations of Borrower to Lender are hereinafter collectively referred to as the "OBLIGATIONSObligations"). The Obligations are due and owing Lender without setoff, recoupment, defense, deduction, counterclaim, credit, allowance or adjustment, whether in law or equity, of any kind or nature.

BORROWERS ACKNOWLEDGEMENTS. As of March 1520, 20012002, there was (i) $1,608,688.09 1,603,187.30 in principal owing under the Consolidated Note, (ii) $5,821,123.07 5,809,598.48 in principal owing under the Convertible Note and (iii) $1,500,000.00 in principal owing under the Texas Note, plus accrued but unpaid interest, costs and expenses and other obligations provided in the Loan Documents (all such obligations of Borrower to Lender are hereinafter collectively referred to as the "OBLIGATIONS"). The Obligations are due and owing Lender without setoff, recoupment, defense, deduction, counterclaim, credit, allowance or adjustment, whether in law or equity, of any kind or nature.