Examples of Subject Debt in a sentence
The Subject Debt, as embodied in the promissory notes described in Exhibit A, shall be and remains in full force and effect in accordance with the respective terms of such promissory notes, and is hereby ratified and confirmed in all respects.
Except as expressly set forth herein, the execution, delivery and performance of this Agreement shall not operate as a waiver of, or as an amendment to, any right, power or remedy of Lender under the promissory notes comprising the Subject Debt, as in effect prior to the date hereof.
Borrower acknowledges that it is unconditionally obligated to pay the remaining balance of the Subject Debt and represents that such obligation is not subject to any defenses, rights of offset or counterclaims.
Bank shall have the right to apply payments in respect of the Subject Debt with such allocation to the respective parts thereof and the respective due dates thereof as Bank in its sole discretion may from time to time deem advisable.
If the aggregate principal amount of Notes surrendered by Holders thereof and other Subject Debt surrendered by Holders or lenders, collectively, exceeds the amount of Excess Proceeds, the Trustee shall select the Notes to be purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Notes and Subject Debt.