Common use of Acknowledgment of Defaults Clause in Contracts

Acknowledgment of Defaults. The Borrowers specifically acknowledge the existence and continuation of the Specified Defaults.

Appears in 3 contracts

Samples: Forbearance Agreement (Foothills Resources Inc), Forbearance Agreement (Foothills Resources Inc), Credit Agreement (Foothills Resources Inc)

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Acknowledgment of Defaults. The Borrowers Borrower each specifically acknowledge acknowledges the existence and continuation of the Specified Defaults.

Appears in 2 contracts

Samples: Settlement and Deficiency Agreement (Megaworld Inc), Forbearance and Amendment Agreement (Industrial Holdings Inc)

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Acknowledgment of Defaults. The Borrowers Each Borrower specifically acknowledge acknowledges the existence and continuation of the Specified Defaults.

Appears in 1 contract

Samples: Limited Forbearance Agreement (Furrs Restaurant Group Inc)

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