Common use of BORROWERS ACKNOWLEDGEMENTS Clause in Contracts

BORROWERS ACKNOWLEDGEMENTS. As of March 20, 2002, there was (i) $1,603,187.30 in principal owing under the Consolidated Note, (ii) $5,809,598.48 in principal owing under the Convertible Note and (iii) $1,500,000.00 in principal owing under the Texas Note, plus accrued but unpaid interest, costs and expenses and other obligations provided in the Loan Documents (all such obligations of Borrower to Lender are hereinafter collectively referred to as the "OBLIGATIONS"). The Obligations are due and owing Lender without setoff, recoupment, defense, deduction, counterclaim, credit, allowance or adjustment, whether in law or equity, of any kind or nature.

Appears in 1 contract

Samples: Loan Modification Agreement (Big Buck Brewery & Steakhouse Inc)

AutoNDA by SimpleDocs

BORROWERS ACKNOWLEDGEMENTS. As of March 20February 28, 20022001, there was (i) $1,603,187.30 1,613,979.83 in principal owing under the Consolidated Note, (ii) $5,809,598.48 5,837,166.41 in principal owing under the Convertible Note and (iii) $1,500,000.00 in principal owing under the Texas Note, plus accrued but unpaid interest, costs and expenses and other obligations provided in the Loan Documents (all such obligations of Borrower to Lender are hereinafter collectively referred to as the "OBLIGATIONSObligations"). The Obligations are due and owing Lender without setoff, recoupment, defense, deduction, counterclaim, credit, allowance or adjustment, whether in law or equity, of any kind or nature.

Appears in 1 contract

Samples: Third Loan Modification Agreement (Big Buck Brewery & Steakhouse Inc)

BORROWERS ACKNOWLEDGEMENTS. As of March 2015, 20022001, there was (i) $1,603,187.30 1,608,688.09 in principal owing under the Consolidated Note, (ii) $5,809,598.48 5,821,123.07 in principal owing under the Convertible Note and (iii) $1,500,000.00 in principal owing under the Texas Note, plus accrued but unpaid interest, costs and expenses and other obligations provided in the Loan Documents (all such obligations of Borrower to Lender are hereinafter collectively referred to as the "OBLIGATIONS"). The Obligations are due and owing Lender without setoff, recoupment, defense, deduction, counterclaim, credit, allowance or adjustment, whether in law or equity, of any kind or nature.

Appears in 1 contract

Samples: Fourth Loan Modification Agreement (Big Buck Brewery & Steakhouse Inc)

AutoNDA by SimpleDocs

BORROWERS ACKNOWLEDGEMENTS. As of March 20October 10, 20022000, there was (i) $1,603,187.30 1,616,951.71 in principal owing under the Consolidated Note, (ii) $5,809,598.48 5,851,025.37 in principal owing under the Convertible Note and (iii) $1,500,000.00 in principal owing under the Texas Note, plus accrued but unpaid interest, costs and expenses and other obligations provided in the Loan Documents (all such obligations of Borrower to Lender are hereinafter collectively referred to as the "OBLIGATIONSObligations"). The Obligations are due and owing Lender without setoff, recoupment, defense, deduction, counterclaim, credit, allowance or adjustment, whether in law or equity, of any kind or nature.

Appears in 1 contract

Samples: Second Loan Modification Agreement (Big Buck Brewery & Steakhouse Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.