Outstanding Obligations. Borrower shall have no obligations as of the date of this Agreement except those approved by HUD in writing and, except for those approved obligations, the Land has been paid for in full (or if the Land is subject to a leasehold interest, it must be subject to a HUD-approved lease), and is free from any liens or purchase money obligations, except as approved by HUD. As of the date hereof, all contractual obligations relating to the Project have been fully disclosed to HUD.
Outstanding Obligations. The Parties acknowledge by this Agreement that the consideration provided and received by each other is fair, just and reasonable and that no further consideration, compensation or obligation will be due, payable or owing with regard to the Employment Agreement as of the date of this Agreement.
Outstanding Obligations. As of any date of determination, the sum of the outstanding principal amount of the Loans.
Outstanding Obligations. As of the Closing Date, the Company shall have provided to Buyer an updated Schedule of Outstanding Obligations setting forth the Company's operating lease obligations and other obligations going forward as of December 31, 2005.
Outstanding Obligations. Except as otherwise described in Schedule 5.14, there are no outstanding authorizations for expenditures in excess of Fifty Thousand Dollars ($50,000), net to Seller’s interest, or other written commitments or proposals to conduct operations on the Assets.
Outstanding Obligations. Any outstanding obligations on the part of the Tenant to be observed and performed under the Offer Letter and/or the Agreement for Tenancy Agreement (if any) pursuant to which this Agreement is entered into shall continue to be in force and shall not merge with this Agreement unless the Landlord shall otherwise stipulate.
Outstanding Obligations. The parties are also responsible after the termination of the fund agreement for the obligations that follow from provisions, other regulations and agreements and whose nature is such that they must be fulfilled even after the fund has been deregistered or the fund agreement has ceased to be valid, for example but not limited to s. 7.2 (Limitation of liability, etc.),s. 7.8 (Competent court, applicable law, etc.), payment of price reduction in accordance with Appendix A and costs for information to pension savers.
Outstanding Obligations. Except as otherwise described in Schedule 5.13, since the Effective Time, Seller has not issued or received any outstanding authorizations for expenditures or capital commitments in excess of One Hundred Thousand Dollars ($100,000), net to Seller’s interest, or other written commitments or proposals to conduct operations on the Assets.
Outstanding Obligations a. The Borrower and each of the Guarantors (individually, each an "OBLIGOR" and collectively, the "OBLIGORS") acknowledge and agree that they are jointly and severally obligated to the Bank to pay the Obligations and that as of March 18, 1997, the Obligations consist of: Principal: $8,356,729.49 Interest through March 18, 1997: $ 34,360.16, plus interest hereafter accruing, costs, and expenses, including, without limitation, attorneys' fees, consultants' fees, and commercial finance examination fees.
b. The Borrower acknowledges and agrees that SCHEDULE 1 hereto accurately reflects the original cost of the property subject to the Master Lease Agreement and schedules thereto, which is presently owned by BBL.
c. The Obligors further acknowledge and agree that none of them have any offsets, defenses, or counterclaims (i) against the Bank with respect to the Loan Agreement, the Guaranties , the other Loan Documents, or otherwise, or (ii) against BBL with respect to the Master Lease Agreement, or otherwise, and to the extent that any such offsets, defenses or counterclaims may exist, the Obligors each hereby WAIVE and RELEASE same. The Obligors shall execute and deliver to the Bank and BBL such releases as the Bank or BBL may request to confirm the foregoing.
d. The Obligors each ratify and confirm that their respective obligations to the Bank (as modified hereby), including, without limitation, those under the Loan Agreement and the Guaranties, are secured by the Collateral and the Guarantor Assets.
e. The Borrower ratifies and confirms that its obligations to BBL are secured by the Collateral.
Outstanding Obligations. The parties hereto acknowledge and agree (a) that the outstanding principal balance of the Note as of March 31, 1998 is $1,170,000 (the "Principal Sum"), (b) that interest on the unpaid principal balance of the Note has been paid through March 31, 1998, and (c) that the unpaid principal balance of the Note, together with accrued and unpaid interest thereon, is due and owing subject to the terms of repayment hereinafter set forth, without defense or offset.
