Common use of Estoppel Clause in Contracts

Estoppel. To induce Lender to enter into this Amendment and to continue to make advances to Borrower under the Loan Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender Bank to enter into this Amendment and to continue -------- to make advances to Borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender Bank with respect to the Obligations.

Estoppel. To induce Lender Bank to enter into this Amendment and to continue to make advances to Borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender Bank with respect to the Obligations.

Estoppel. To induce Lender the Bank to enter into this Amendment and to -------- continue to make advances to Borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender the Bank with respect to the Obligations.

Estoppel. To induce Lender Bank to enter into this Amendment and to -------- continue to make advances to Borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender Bank with respect to the Obligations.

Estoppel. To induce Lender the Bank to enter into this Amendment and to continue to make advances to Borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender the Bank with respect to the Obligations.

Estoppel. To induce Lender to enter into this Amendment and to continue to make advances to Borrower under the Loan Agreement, and without limiting Borrower’s rights to contest Lender’s monthly statements in accordance with Section 6.2 of the Loan Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender to enter into this Amendment and to continue to make advances to Borrower Borrowers under the Loan Agreement, each Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of such Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender to enter into this Amendment and to -------- continue to make advances to Borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender with respect to the Obligationsobligations owing by Borrower to Lender under the Loan Documents.

Estoppel. To induce Lender to enter into this Amendment and to continue to make advances to Borrower under the Loan Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender to enter into this Amendment and to continue to make advances to Borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender the Bank to enter into this Amendment and to continue to make advances to the Borrower under the Loan Credit Agreement, the Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of the Borrower as against Lender the Bank with respect to the Obligations.

Estoppel. To induce Lender to enter into this Amendment and to continue to make advances to Borrower under the Loan Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender Bank to enter into this Amendment and to continue to make advances to Borrower borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender Bank with respect to the Obligations.

Estoppel. To induce Lender Bank to enter into this Amendment and to continue to make advances to Borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender Bank with respect to the Obligations.. (SIGNATURES ON NEXT PAGE)

Estoppel. To induce Lender the Bank to enter into this Amendment and -------- to continue to make advances to Borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender the Bank with respect to the Obligations.

Estoppel. To induce Lender to enter into this Amendment and to continue to make advances to Borrower under the Loan Agreement, Borrower hereby acknowledges and agrees that, as of the date hereof, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender to enter into this his Amendment and an to continue -------- to make advances to Borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there their exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender with respect to the Obligationsobligations owing by Borrower to Lender under the Loan Documents.

Estoppel. To induce Lender to enter into this Amendment and to continue to make advances Revolving Loans to Borrower Borrowers under the Loan Agreement, each Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default or Default and no right of offset, defense, counterclaim or objection in favor of any Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender to enter into this Amendment Agreement and to continue to make advances to Borrower under the Loan this Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this AmendmentAgreement, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender to enter into this Amendment and to continue to make advances Revolving Loans to Borrower Borrowers under the Loan Agreement, Borrower Borrowers hereby acknowledges acknowledge and agrees agree that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default or Default and no right of offset, defense, counterclaim or objection in favor of any Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender to enter into this Amendment and to -------- continue to make advances to Borrower under the Loan Credit Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender to enter into this Amendment and to continue to make advances to Borrower Borrowers under the Loan Credit Agreement, each Borrower hereby acknowledges and agrees thatthat to its knowledge after due inquiry, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of any Borrower as against Lender with respect to the Obligations.

Estoppel. To induce Lender Foothill to enter into this Amendment and to continue to make advances to Borrower under the Loan Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender Foothill with respect to the Obligations.