Common use of Present Debt Clause in Contracts

Present Debt. The Parties agree that there is a current debt owed by the Debtor in the amount of $____________________, hereinafter known as the “Present Debt.”

Present Debt. The Parties agree that there is a current debt owed by the Debtor in the amount of $____________________$ , hereinafter known as the “Present Debt.”

Present Debt. The Parties agree that there is a current debt owed by the Debtor in the amount of $___________________$ _, hereinafter known as the “Present Debt.”

Present Debt. The Parties agree that there is a current debt owed by the Debtor in the amount of $____________________[ PRESENT (CURRENT) DEBT ], hereinafter known as the “Present Debt.”