Common use of Outstanding Obligations Clause in Contracts

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.

Outstanding Obligations. The parties hereto acknowledge and agree (a) that the outstanding principal balance of the Note as of March 31, 1998 the date hereof is $1,170,000 2,305,526.59 (the "“Principal Sum"”), (b) that interest on the unpaid principal balance of the Note has been paid through March 31October 1, 19982001, 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.

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 3,135,416.71 (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.

Outstanding Obligations. The parties hereto acknowledge and agree (a) that the outstanding principal balance of the Note as of March 3114, 1998 2000 is $1,170,000 (the "Principal Sum"), (b) that interest on the unpaid principal balance of the Note has been paid through March 31, 1998238,200,000, and (cb) 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.. 000

Outstanding Obligations. The parties hereto acknowledge and agree (a) that the outstanding principal balance of the Note as of March 31, 1998 the date hereof is $1,170,000 2,538,194.51 (the "Principal Sum"), (b) that interest on the unpaid principal balance of the Note has been paid through March 31November 29, 19981999, 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.