Common use of Estoppel, Acknowledgement and Reaffirmation Clause in Contracts

Estoppel, Acknowledgement and Reaffirmation. As of November 7, 2001, the total outstanding principal amount of Revolving Loans was not less than $62,544,543.00 (which amount includes $3,000,000.00 in issued but undrawn Letters of Credit) and the total outstanding principal amount under the Term Loan was not less than $12,500,000.00, which amounts constitute valid and subsisting obligations of the Borrower to the Lenders that are not subject to any credits, offsets, defenses, claims, counterclaims or adjustments of any kind. The Borrower and the Guarantors hereby acknowledge their obligations under the Loan Documents and reaffirm that each of the liens and security interests created and granted in or pursuant to the Loan Documents are valid and subsisting and that this Agreement shall in no manner impair or otherwise adversely effect such liens and security interests.

Estoppel, Acknowledgement and Reaffirmation. As of November 7December 26, 2001, the total outstanding principal amount of Revolving Loans was not less than $62,544,543.00 (which amount includes $3,000,000.00 in issued but 53,000,000, the undrawn portion of the Stated Amount of all outstanding Letters of Credit) Credit was $3,000,000 and the total outstanding principal amount under the Term Loan was not less than $12,500,000.0010,750,000, which amounts constitute valid and subsisting obligations of the Borrower to the Lenders that are not subject to any credits, offsets, defenses, claims, counterclaims or adjustments of any kind. The Borrower and the Guarantors hereby acknowledge their obligations under the Loan Documents and reaffirm that each of the liens and security interests created and granted in or pursuant to the Loan Documents are valid and subsisting and that this Agreement shall in no manner impair or otherwise adversely effect such liens and security interests.

Estoppel, Acknowledgement and Reaffirmation. As of November 7January 23, 20012002, the total outstanding principal amount of Revolving Loans was not less than $62,544,543.00 (which amount includes $3,000,000.00 in issued but 51,000,000, the undrawn portion of the Stated Amount of all outstanding Letters of Credit) Credit was $3,000,000 and the total outstanding principal amount under the Term Loan was not less than $12,500,000.0010,750,000, which amounts constitute valid and subsisting obligations of the Borrower to the Lenders that are not subject to any credits, offsets, defenses, claims, counterclaims or adjustments of any kind. The Borrower and the Guarantors hereby acknowledge their obligations under the Loan Documents and reaffirm that each of the liens and security interests created and granted in or pursuant to the Loan Documents are valid and subsisting and that this Agreement shall in no manner impair or otherwise adversely effect such liens and security interests.