Current Indebtedness Sample Clauses

Current Indebtedness. Other than as set forth on Schedule 3.08, there is no indebtedness (other than trade indebtedness in the ordinary course of business) for borrowed money of the Company.

Current Indebtedness. The Company will not have, at any time, any Current Indebtedness outstanding other than the Notes. The Tenant will not, and will not permit any Restricted Subsidiary of Tenant to, have, at any time, any Current Indebtedness outstanding unless, during the twelve month period immediately preceding, there shall have been a period of 30 consecutive days during which the sum of (a) such outstanding Current Indebtedness (if Current Indebtedness were categorized as Funded Indebtedness) plus (b) outstanding Funded Indebtedness could have been incurred as Consolidated Funded Indebtedness pursuant to Section 10.4(c).

Current Indebtedness. The Obligors hereby acknowledge, ratify and confirm their respective liabilities to Lender for repayment of the Obligations pursuant to the Loan Documents, including without limitation all unpaid principal and accrued interest, late charges, fees and other costs of collection (including without limitation attorneys' fees and expenses incurred or to be incurred in connection therewith. As of December 15, 2020 the amount of principal, interest and fees owing under Obligations is as follows: Facility Principal Interest Fees Revolving Note $342,813.90 $900.03 $1,451.61 The Obligors hereby agree to reimburse the Lender for all reasonable attorneys’ fees and actual costs incurred by the Lender in connection with the negotiation and execution of this Agreement, and for any and all reasonable legal fees and costs actually incurred in connection with the Obligations, the Loan Agreement, and the Existing Event of Default. The Obligors hereby acknowledge and agree to all fees and costs paid to date. The Obligors acknowledge, agree and confirm that interest, attorney’s fees and costs of collection continue to accrue and be incurred.

Current Indebtedness. As of the date hereof, the total amount of Borrower's Senior Indebtedness does not exceed the Senior Indebtedness Cap.

Current Indebtedness. The Obligors hereby acknowledge, ratify and confirm their respective liabilities to the Lender for repayment of the Obligations pursuant to the Loan Documents, including without limitation any and all unpaid principal and accrued interest, late charges, fees and other costs of collection, including without limitation attorneys' fees and expenses incurred or to be incurred in connection therewith. As of May 26, 2021 the principal amount outstanding under the Loan Documents is $428,926.46 plus accrued and unpaid interest, fees (including attorneys’ fees), costs and all other amounts due thereunder. The Obligors acknowledge, agree and confirm that any interest, attorneys' fees and costs of collection will continue to accrue and be incurred during the term of this Agreement and thereafter.

Current Indebtedness. (a) As of the date hereof, the total indebtedness of the Borrowers due and owing to the Bank under, arising from or in connection with the Loan Documents is $3,890,200.04, comprised of (i) $1,000,000 in principal and $2,500.00 in interest under the Revolving Note, (ii) $1,680,000 in principal and $4,666.67 in interest under the Demand Note, and (iii) $1,200,000.03 in principal and $3,033.34 in interest under the Term Note, plus fees and charges and costs of collection, including the unpaid arrears in the amount of $42,261.67 for the 1% facility fee ("Facility Fee Arrears") under the Line of Credit Agreement for the months of September, October, November and December of 1995 and reasonable attorneys' fees (collectively, together with any and all reimbursement obligations of the Borrowers under, in connection with or related to any letter of credit issued by the Bank for the account of either Borrower (collectively, (L/C's), "Credit Agreement Obligations"). The Credit Agreement Obligations are joint and several obligations of the Borrowers to the Bank. (b) As of the date hereof, the total indebtedness of the Borrowers due and owing to the Bank under, arising from or in connection with the Bond Documents is $658,204.12, comprised of (i) $357,142.78 in principal and $590.30 in interest under the 1982 Revenue Note, and (ii) $300,000.00 in principal and $471.04 in interest under the 1984 Revenue Note, plus fees, charges, costs of collection, including reasonable attorneys' fees (collectively, "Bond Obligations"). The Credit Agreement Obligations and the Bond Obligations are hereinafter collectively referred to as the "Obligations." The Obligations are due and owing to the Bank without setoff, counterclaim or defense.

Current Indebtedness. The Company's current debt, as of the date of this agreement, consists of accrued income taxes for 2006 and 2007.

Current Indebtedness. Employee executed an Amended Promissory Note in favor of the Company on July 17, 2000, the terms of which shall remain in full force and effect (the "Loan") (attached hereto as EXHIBIT D). Portions of the Loan may be forgiven by the Board of Directors based upon annual Employee performance reviews each year. Any forgiveness granted will be grossed up for tax purposes by paying Employee an additional 75% of the amount of the debt forgiveness to assist with the payment of tax liability for such forgiveness. A minimum of 10% of the total loan will be forgiven each year if Employee is retained into the coming year. It is the intent, but not the obligation, of the Board to forgive this loan based upon good performance over five years from the initial date of the loan. The parties acknowledge that the provisions of this paragraph 3.1 do not alter the terms of the underlying Loan which were in effect prior to the execution of this Agreement.

Current Indebtedness