Common use of Acknowledgment of Obligations Clause in Contracts

Acknowledgment of Obligations. Borrower hereby acknowledges, confirms and agrees that as of the close of business on June 28, 2002, Borrower was indebted to Lenders in respect of the Revolving Loans in the approximate principal amount of $47,532,594. The Revolving Loans, together with interest accrued and accruing thereon, and fees, costs, expenses and other charges now or hereafter payable by Borrower to Lenders, are unconditionally owing by Borrower to Lenders, without offset, defense or counterclaim of any kind, nature or description whatsoever.

Acknowledgment of Obligations. Each Borrower hereby acknowledges, confirms and agrees that as of the close of business on June 2819, 20022001, Borrower was Borrowers are indebted to Lenders Lender in respect of the Revolving Loans Credit Loan in the approximate principal amount of $47,532,594357,588.64. The Revolving All of the Loans, together with interest accrued and accruing thereon, and fees, costs, expenses and other charges now or hereafter payable by Borrower Borrowers to LendersLender, are unconditionally owing by Borrower Borrowers to LendersLender, without offset, defense or counterclaim of any kind, nature or description whatsoever.

Acknowledgment of Obligations. Borrower hereby acknowledges, confirms and agrees that as of the close of business on June 28July 30, 20022003, Borrower was is indebted to Lenders Lender in respect of the Revolving Credit Loans in the approximate principal amount of $47,532,5945,480,859.73, and the Term Loan in the amount of $7,714,285.74. The Revolving All such Loans, together with interest accrued and accruing thereon, and fees, costs, expenses and other charges now or hereafter payable by Borrower to LendersLender, are unconditionally owing by Borrower to LendersLender, without offset, defense or counterclaim of any kind, nature or description whatsoever.

Acknowledgment of Obligations. Borrower hereby acknowledges, confirms and agrees that as of the close of business on June 28August 13, 20022001, Borrower was indebted to Lenders in respect of the Revolving Loans in the approximate principal amount of $47,532,59423,807,680. The Revolving Loans, together with interest accrued and accruing thereon, and fees, costs, expenses and other charges now or hereafter payable by Borrower to Lenders, are unconditionally owing by Borrower to Lenders, without offset, defense or counterclaim of any kind, nature or description whatsoever.

Acknowledgment of Obligations. Borrower Borrowers hereby acknowledgesacknowledge, confirms confirm and agrees agree that as of the close of business on June 28January 31, 20022001, Borrower was Borrowers were indebted to Lenders in respect of the Revolving Loans Credit Loan in the approximate principal amount of $47,532,59410,953,851.24. The Revolving LoansCredit Loan, together with interest accrued and accruing thereon, and fees, costs, expenses and other charges now or hereafter payable by Borrower Borrowers to Lenders, are unconditionally owing by Borrower Borrowers to Lenders, without offset, defense or counterclaim of any kind, nature or description whatsoever.

Acknowledgment of Obligations. Borrower hereby acknowledges, confirms and agrees that as of the close of business on June 28May 21, 2002, Borrower was indebted to Lenders in respect of the Revolving Loans in the approximate principal amount of $47,532,59434,902,144. The Revolving Loans, together with interest accrued and accruing thereon, and fees, costs, expenses and other charges now or hereafter payable by Borrower to Lenders, are unconditionally owing by Borrower to Lenders, without offset, defense or counterclaim of any kind, nature or description whatsoever.

Acknowledgment of Obligations. Borrower hereby acknowledges, confirms and agrees that as of the close of business on June 28May 1, 2002, Borrower was is indebted to Lenders Lender in respect of the Revolving Credit Loans in the approximate principal amount of $47,532,5945,213,931.29, and the Term Loan in the amount of $10,000,000.04. The Revolving All such Loans, together with interest accrued and accruing thereon, and fees, costs, expenses and other charges now or hereafter payable by Borrower to LendersLender, are unconditionally owing by Borrower to LendersLender, without offset, defense or counterclaim of any kind, nature or description whatsoever.

Acknowledgment of Obligations. Borrower hereby acknowledges, confirms and agrees that as of the close of business on June September 28, 20022001, Borrower was is indebted to Lenders Lender in respect of the Revolving Loans in the approximate principal amount of $47,532,5942,634,073.54. The Revolving All such Loans, together with interest accrued and accruing thereon, and fees, costs, expenses and other charges now or hereafter payable by Borrower to LendersLender, are unconditionally owing by Borrower to LendersLender, without offset, defense or counterclaim of any kind, nature or description whatsoever.

Acknowledgment of Obligations. Borrower hereby acknowledges, confirms and agrees that as of the close of business on June 28August 2, 20022001, Borrower was is indebted to Lenders Lender in respect of the Revolving Credit Loans in the approximate principal amount of $47,532,5946,973,567.01, and the Term Loan in the amount of $11,142,857.16. The Revolving All such Loans, together with interest accrued and accruing thereon, and fees, costs, expenses and other charges now or hereafter payable by Borrower to LendersLender, are unconditionally owing by Borrower to LendersLender, without offset, defense or counterclaim of any kind, nature or description whatsoever.