Common use of Outstanding Obligations Clause in Contracts

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. a. (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 18June , 1997, the Obligations consist of: Principal: $8,356,729.49 4,748,796.27 Interest through March 18June 26, 1997: $ 34,360.16, 36,072.33 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 SCHEDULE 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. (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. (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 Guarantor Assets. e. (e) The Borrower ratifies and confirms that its obligations to BBL are secured by the Collateral.

Outstanding Obligations. a. (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 18June 4, 1997, the Obligations consist of: Principal: $8,356,729.49 6,002,415.27 Interest through March 18June 4, 1997: $ 34,360.16, 6,393.83 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 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. (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 Guarantor Assets. e. (e) The Borrower ratifies and confirms that its obligations to BBL are secured by the Collateral.

Outstanding Obligations. a. (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 April 18, 1997, the Obligations consist of: Principal: $8,356,729.49 8,406,554.45 Interest through March April 18, 1997: $ 34,360.16, 37,831.89 plus interest hereafter accruing, costs, and expenses, including, without limitation, attorneys' fees, consultants' fees, and commercial finance examination fees. b. (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. (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. (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. (e) The Borrower ratifies and confirms that its obligations to BBL are secured by the Collateral.

Outstanding Obligations. a. (a) The Borrower and each of the Guarantors 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 March 18August 4, 1997, the Obligations consist of: Principal: $8,356,729.49 1,489,542.55 Interest through March 18August 4, 1997: $ 34,360.16, 2,075.69 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 original cost amounts necessary (as of July 31, 1997, with the property subject final figures to be updated by BBL prior to final payment), to pay all obligations under the Master Lease Agreement and schedules thereto, which is are 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 Guarantor Assetsassets of NCT. e. (e) The Borrower ratifies and confirms that its obligations to BBL are secured by the Collateral.