Common use of Acknowledgment of Indebtedness Clause in Contracts

Acknowledgment of Indebtedness. Borrower confirms and acknowledges that as of the close of business on April 1, 2002, it is indebted to Lender under the Loan Documents without any deduction, defense, setoff, claim or counterclaim, of any nature, in the aggregate principal amount of $1,878,075.66 comprised of: (a) $1,328,075.55 outstanding with respect to the Revolving Loans, and (b) $550,000.11 outstanding with respect to the Term Loan, plus any accrued and unpaid interest and all fees, costs and expenses (including attorneys' fees) Incurred to date in connection with the Existing Loan Documents,

Acknowledgment of Indebtedness. Borrower confirms and acknowledges that as of the close of business on April September 1, 2002, it is indebted to Lender under the Loan Documents without any deduction, defense, setoff, claim or counterclaim, of any nature, in the aggregate principal amount of $1,878,075.66 1,157,235.00, comprised of: (a) $1,328,075.55 792,285.00 outstanding with respect to the Revolving Loans, and (b) $550,000.11 364,850.00 outstanding with respect to the Term Loan, plus any accrued and unpaid interest and all fees, costs and expenses (including attorneys' fees) Incurred incurred to date in connection with the Existing Loan Documents,.

Acknowledgment of Indebtedness. Borrower confirms and acknowledges that as of the close of business on April May 1, 2002, it is indebted to Lender under the Loan Documents without any deduction, defense, setoff, claim or counterclaim, of any nature, in the aggregate principal amount of $1,878,075.66 $ 1,578,260, comprised of: (a) $1,328,075.55 $ 1,066,610 outstanding with respect to the Revolving Loans, and (b) $550,000.11 $ 511,650 outstanding with respect to the Term Loan, plus any accrued and unpaid interest and all fees, costs and expenses (including attorneys' fees) Incurred incurred to date in connection with the Existing Loan Documents,.

Acknowledgment of Indebtedness. Borrower confirms and acknowledges that as of the close of business on April June 1, 2002, it is indebted to Lender under the Loan Documents without any deduction, defense, setoff, claim or counterclaim, of any nature, in the aggregate principal amount of $1,878,075.66 $ 1,477,422, comprised of: (a) $1,328,075.55 $ 984,122 outstanding with respect to the Revolving Loans, and (b) $550,000.11 $ 493,300 outstanding with respect to the Term Loan, plus any accrued and unpaid interest and all fees, costs and expenses (including attorneys' fees) Incurred incurred to date in connection with the Existing Loan Documents,.

Acknowledgment of Indebtedness. Borrower confirms and acknowledges that as of the close of business on April August 1, 2002, it is indebted to Lender under the Loan Documents without any deduction, defense, setoff, claim or counterclaim, of any nature, in the aggregate principal amount of $1,878,075.66 1,206,767, comprised of: (a) $1,328,075.55 786,867 outstanding with respect to the Revolving Loans, and (b) $550,000.11 419,900 outstanding with respect to the Term Loan, plus any accrued and unpaid interest and all fees, costs and expenses (including attorneys' fees) Incurred incurred to date in connection with the Existing Loan Documents,.