Obligations Outstanding Sample Clauses
The 'Obligations Outstanding' clause defines which duties, payments, or responsibilities under an agreement remain unfulfilled at a given point in time, typically after termination or expiration of the contract. In practice, this clause identifies specific obligations—such as unpaid invoices, ongoing confidentiality requirements, or warranties—that continue to bind the parties even after the main contractual relationship ends. Its core function is to ensure that essential commitments are honored and that neither party can evade important responsibilities simply because the contract has otherwise concluded.
Obligations Outstanding. Obligors hereby acknowledge and agree that, in accordance with the terms and conditions of the Loan Documents, each Obligor is liable to Agent and Lenders for all of the Obligations, including, without limitation, (a) for all principal and accrued interest owed under the Loan Documents, whether now due or hereafter accruing; and (b) for all fees, and all Extraordinary Expenses (including reasonable attorneys’ fees and expenses) heretofore or hereafter incurred by Agent and/or any Lender in connection with the protection, preservation, and enforcement by Agent and Lenders of its/their rights and remedies under the Loan Documents and/or this Amendment, including, without limitation, the negotiation and preparation of this Amendment, and any of the other documents, instruments or agreements executed in connection therewith;
Obligations Outstanding. Borrowers hereby acknowledge and agree that, in accordance with the terms and conditions of the Loan Documents, each Borrower is liable to Agent and Lenders for all of the Obligations, including, without limitation, (a) for all principal and accrued interest owed under the Loan Documents, whether now due or hereafter accruing; and (b) for all fees, and all Extraordinary Expenses (including reasonable attorneys’ fees and expenses) heretofore or hereafter incurred by Agent and/or any Lender in connection with the protection, preservation, and enforcement by Agent and Lenders of its/their rights and remedies under the Loan Documents and/or this Amendment, including, without limitation, the negotiation and preparation of this Amendment, and any of the other documents, instruments or agreements executed in connection therewith. As of the close of business on January 16, 2020, the aggregate principal balance of the Term Loan is $16,406,250, exclusive of accrued and accruing interest, costs and attorneys’ fees and other expenses chargeable to Obligors under the Loan Documents;
Obligations Outstanding. Borrowers hereby acknowledge and agree that, in accordance with the terms and conditions of the Amended Credit Agreement and the other Loan Documents, Borrowers are liable to Agent and Lenders for all of the Obligations, including, without limitation, (a) for all principal and accrued interest owed under the Amended Credit Agreement and the other Loan Documents, whether now due or hereafter accruing; and (b) for all fees, charges, and costs (including attorneys’ fees and expenses) heretofore or hereafter incurred by Agent in connection with the protection, preservation, and enforcement by Agent of its rights and remedies under the Amended Credit Agreement and the other Loan Documents, including, without limitation, the negotiation and preparation of this Amendment, and any of the other documents, instruments or agreements executed in connection therewith. Borrowers further acknowledge and agree that as of the close of business on January 6, 2026, the aggregate principal balance of Obligations outstanding under the Amended Credit Agreement totaled not less than $25,000,000 and that Borrowers are unconditionally liable to Agent and Lenders for payment of the foregoing aggregate amount, at a minimum.