Common use of Outstanding Indebtedness Clause in Contracts

Outstanding Indebtedness. Each Credit Party acknowledges and confirms that all amounts owed by the Credit Parties to Agent and Lenders under the Loan Documents are duly and validly owing and that such amounts are not subject to any defense, counterclaim, recoupment or offset of any kind.

Appears in 9 contracts

Samples: Credit Agreement (Crimson Wine Group, LTD), Credit Agreement (Crimson Wine Group, LTD), Credit Agreement (Crimson Wine Group, LTD)

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Outstanding Indebtedness. Each Credit Party acknowledges and confirms that all amounts owed by of the Credit Parties Obligations of Borrower to Agent and Lenders Lender under the Loan Documents are duly and validly owing and that such amounts are not subject to any defense, counterclaim, recoupment or offset of any kind.

Appears in 1 contract

Samples: Loan Agreement (Maui Land & Pineapple Co Inc)

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