Common use of Confirmation of Indebtedness Clause in Contracts

Confirmation of Indebtedness. The Borrower and the Guarantors hereby confirm and acknowledge that, as of the Effective Date, (i) the Borrower is truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind, (ii) the Borrower is liable to the Lenders in respect of Advances in the aggregate principal amount of $101,500,000, and (iii) each Guarantor is contingently liable to the Lenders pursuant to such guarantee.

Appears in 2 contracts

Samples: Credit Agreement (PSC Inc), Credit Agreement (PSC Inc)

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Confirmation of Indebtedness. The Borrower and the Guarantors Borrowers hereby confirm and acknowledge that, as of the Effective Closing Date, (i) the Borrower is Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind, kind and (ii) the Borrower is Borrowers are liable to the Lenders in respect of Advances Loans in the aggregate principal amount of $101,500,000, and (iii) each Guarantor is contingently liable 65,080,203.93 plus outstanding Letters of Credit in an aggregate amount equal to the Lenders pursuant to such guarantee$4,057,560.

Appears in 1 contract

Samples: Credit Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrower and the Guarantors Borrowers hereby confirm and acknowledge that, as of the Effective Closing Date, (i) the Borrower is Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind, kind and (ii) the Borrower is Borrowers are liable to the Lenders in respect of Advances Loans and Letters of Credit in the aggregate principal amount of $101,500,000, and (iii) each Guarantor is contingently liable to the Lenders pursuant to such guarantee130,587,385.

Appears in 1 contract

Samples: Credit Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrower and the Subsidiary Guarantors hereby confirm and acknowledge that, as of the Effective Date, (i) the Borrower is truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind, (ii) the Borrower is liable to the Lenders in respect of Advances made under the Credit Agreement, as of March 15, 2002, in the aggregate principal amount of $101,500,000, 207,510,640.41 and (iii) each Subsidiary Guarantor is contingently liable to the Lenders pursuant to in respect of such guaranteeamount.

Appears in 1 contract

Samples: Credit Agreement (Applied Graphics Technologies Inc)

Confirmation of Indebtedness. The Borrower and the Guarantors Borrowers hereby confirm and acknowledge that, as of the Effective Date, (i) the Borrower is Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind, kind and (ii) the Borrower is Borrowers are liable to the Lenders in respect of Advances Loans in the aggregate principal amount of $101,500,000, and (iii) each Guarantor is contingently liable to the Lenders pursuant to such guarantee110,212,965.

Appears in 1 contract

Samples: Waiver and Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrower and the Guarantors Borrowers hereby confirm and acknowledge that, as of the Effective Closing Date, (i) the Borrower is Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind, kind and (ii) the Borrower is Borrowers are liable to the Lenders in respect of Advances Loans in the aggregate principal amount of $101,500,000, and (iii) each Guarantor is contingently liable 45,303,881,50 plus outstanding Letters of Credit in an aggregate amount equal to the Lenders pursuant to such guarantee$4,140,810.

Appears in 1 contract

Samples: Credit Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrower and the Guarantors Borrowers hereby confirm and acknowledge that, as of the Effective Closing Date, (i) the Borrower is Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind, kind and (ii) the Borrower is Borrowers are liable to the Lenders in respect of Advances Loans in the aggregate principal amount of $101,500,000, and (iii) each Guarantor is contingently liable 102,464,185.03 plus outstanding Letters of Credit in an aggregate amount equal to the Lenders pursuant to such guarantee$439,669.00.

Appears in 1 contract

Samples: Credit Agreement (American Skiing Co /Me)

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Confirmation of Indebtedness. The Borrower and the Guarantors Guarantor hereby confirm and acknowledge that, as of the Effective Date, (i) the Borrower is truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind, (ii) the Borrower is liable to the Lenders in respect of Advances the Loans made under the Loan Agreement in the aggregate principal amount of $101,500,000195,000,000, plus accrued and unpaid interest, and (iii) each the Guarantor is contingently liable to the Lenders pursuant to in respect of such guaranteeamounts.

Appears in 1 contract

Samples: Forbearance Agreement (Macquarie Infrastructure CO LLC)

Confirmation of Indebtedness. The Borrower and the Guarantors Borrowers hereby confirm and acknowledge that, as of the Effective Date, (i) the Borrower is Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind, kind and (ii) the Borrower is Borrowers are liable to the Lenders in respect of Advances Loans and Letters of Credit in the aggregate principal amount of $101,500,000, and (iii) each Guarantor is contingently liable to the Lenders pursuant to such guarantee127,540,079.10.

Appears in 1 contract

Samples: Waiver and Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrower and the ---------------------------- Guarantors hereby confirm and acknowledge that, as of the Effective Date, (i) the Borrower is truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind, (ii) the Borrower is liable to the Lenders in respect of Advances in the aggregate principal amount of $101,500,000, and (iii) each Guarantor is contingently liable to the Lenders pursuant to such guarantee.

Appears in 1 contract

Samples: Credit Agreement (PSC Inc)

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