Common use of Amounts Outstanding Clause in Contracts

Amounts Outstanding. Obligors hereby acknowledge and agree that (a) ------------------- as of February 2, 1995, the principal amount of the Loan outstanding is $3,445,843.55 and the accrued and unpaid interest is $1,165.40, and (b) as of the date of execution hereof by Obligors, there are no defenses, claims or offsets to payment of such principal amount and the other indebtedness evidenced by the Note.

Amounts Outstanding. Obligors hereby acknowledge and agree that (a) ------------------- as of February 2November 1, 19951994, the principal amount of the Loan outstanding is $3,445,843.55 ____________ and the there is no accrued and unpaid interest is $1,165.40interest, and (b) as of the date of execution hereof by Obligors, there are no defenses, claims or offsets to payment of such principal amount and the other indebtedness evidenced by the Note.