Common use of Acknowledgment of Outstanding Balance; Reduction of LOC Clause in Contracts

Acknowledgment of Outstanding Balance; Reduction of LOC. The parties hereto acknowledge that the outstanding principal balance under the Note as of the date of this Agreement is SEVENTEEN MILLION SEVEN HUNDRED THOUSAND AND NO/100 Dollars ($17,700,000.00). Furthermore and notwithstanding anything to the contrary, the parties hereto agree that from and after the date hereof the aggregate amount outstanding under the LOC shall at no time exceed $17,700,000.00.

Acknowledgment of Outstanding Balance; Reduction of LOC. The parties hereto acknowledge that the outstanding principal balance under the Note as of the date of this Agreement is SEVENTEEN FOURTEEN MILLION SEVEN ONE HUNDRED SIXTY THOUSAND AND NO/100 Dollars ($17,700,000.0014,160,000.00). Furthermore and notwithstanding anything to the contrary, the parties hereto agree that from and after the date hereof the aggregate amount outstanding under the LOC shall at no time exceed $17,700,000.0014,160,000.00.

Acknowledgment of Outstanding Balance; Reduction of LOC. The parties hereto acknowledge that the outstanding principal balance under the Note as of the date of this Agreement Amendment is SEVENTEEN MILLION SEVEN HUNDRED THOUSAND AND NO/100 Dollars ($17,700,000.00). Furthermore Furthermore, and notwithstanding anything to the contrary, the parties hereto agree that from and after the date hereof the aggregate amount outstanding under the LOC shall at no time exceed $17,700,000.00.