Common use of Outstanding Obligations Clause in Contracts

Outstanding Obligations. (a) The Borrower and NCT (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 August 4, 1997, the Obligations consist of: Principal: $1,489,542.55 Interest through August 4, 1997: $ 2,075.69 plus interest hereafter accruing, costs, and expenses, including, without limitation, reasonable attorneys' fees, consultants' fees, and commercial finance examination fees. (b) The Borrower acknowledges and agrees that it is obligated to BBL, and that SCHEDULE 1 hereto accurately reflects the amounts necessary (as of July 31, 1997, with the final figures to be updated by BBL prior to final payment), to pay all obligations under the Master Lease Agreement and schedules thereto, which are 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 assets of NCT. (e) The Borrower ratifies and confirms that its obligations to BBL are secured by the Collateral.

Outstanding Obligations. (a) a. The Borrower and NCT 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 August 4March 18, 1997, the Obligations consist of: Principal: $1,489,542.55 8,356,729.49 Interest through August 4March 18, 1997: $ 2,075.69 34,360.16, plus interest hereafter accruing, costs, and expenses, including, without limitation, reasonable attorneys' fees, consultants' fees, and commercial finance examination fees. (b) b. The Borrower acknowledges and agrees that it is obligated to BBL, and that SCHEDULE 1 hereto accurately reflects the amounts necessary (as original cost of July 31, 1997, with the final figures property subject to be updated by BBL prior to final payment), to pay all obligations under the Master Lease Agreement and schedules thereto, which are is presently owned by BBL. (c) 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) 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 assets of NCTGuarantor Assets. (e) e. The Borrower ratifies and confirms that its obligations to BBL are secured by the Collateral.

Outstanding Obligations. (a) The Borrower and NCT 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 August 4June , 1997, the Obligations consist of: Principal: $1,489,542.55 4,748,796.27 Interest through August 4June 26, 1997: $ 2,075.69 36,072.33 plus interest hereafter accruing, costs, and expenses, including, without limitation, reasonable attorneys' fees, consultants' fees, and commercial finance examination fees. (b) The Borrower acknowledges and agrees that it is obligated to BBL, and that SCHEDULE Schedule 1 hereto accurately reflects the amounts necessary (as original cost of July 31, 1997, with the final figures property subject to be updated by BBL prior to final payment), to pay all obligations under the Master Lease Agreement and schedules thereto, which are 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 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 suck releases as the Bank or BBL may request to tO confirm the foregoing. (d) The Obligors Obligers 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 assets of NCTGuarantor Assets. (e) The Borrower ratifies and confirms that its obligations to BBL are secured by the Collateral.

Outstanding Obligations. (a) The Borrower and NCT 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 August June 4, 1997, the Obligations consist of: Principal: $1,489,542.55 6,002,415.27 Interest through August June 4, 1997: $ 2,075.69 6,393.83 plus interest hereafter accruing, costs, and expenses, including, without limitation, reasonable attorneys' fees, consultants' fees, and commercial finance examination fees. (b) The Borrower acknowledges and agrees that it is obligated to BBL, and that SCHEDULE 1 hereto accurately reflects the amounts necessary (as original cost of July 31, 1997, with the final figures property subject to be updated by BBL prior to final payment), to pay all obligations under the Master Lease Agreement and schedules thereto, which are 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 assets of NCTGuarantor Assets. (e) The Borrower ratifies and confirms that its obligations to BBL are secured by the Collateral.

Outstanding Obligations. (a) The Borrower and NCT 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 August 4April 18, 1997, the Obligations consist of: Principal: $1,489,542.55 8,406,554.45 Interest through August 4April 18, 1997: $ 2,075.69 37,831.89 plus interest hereafter accruing, costs, and expenses, including, without limitation, reasonable attorneys' fees, consultants' fees, and commercial finance examination fees. (b) The Borrower acknowledges and agrees that it is obligated to BBL, and that SCHEDULE 1 hereto accurately reflects the amounts necessary (as original cost of July 31, 1997, with the final figures property subject to be updated by BBL prior to final payment), to pay all obligations under the Master Lease Agreement and schedules thereto, which are 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 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 assets of NCTGuarantor Assets. (e) The Borrower ratifies and confirms that its obligations to BBL are secured by the Collateral.