Debt Acknowledgment Sample Clauses
Debt Acknowledgment. As consideration for the Purchase of the Shares referenced in Clause SECOND hereof, THE PURCHASER expressly and irrevocably acknowledges that as of the date hereof it owes to FOCIR the amount of $47,034,000.00 (forty-seven million, thirty-four thousand and 00/100 pesos) (the "Debt"), on the understanding that the Debt will accrue ordinary and moratory interest, as the case may be, from the date of execution hereof at the interest rate and under the conditions set forth in Clause Fifth hereof. The amount of the Debt does not include interest and expenses arising from this Agreement.
Debt Acknowledgment. The Customer agrees and acknowledges that it owes the COC an amount of money equal to the Debt as defined in Exhibit A-Payment Plan. Nothing in this Agreement is a waiver of any amounts owed and in the event of any breach of this Agreement by the Customer, (ABBRV)’s rights to the Debt shall not be limited. Nothing in this Agreement shall be applied in such a manner to relieve the Customer of his or her obligation to keep current on future charges for water services. It is understood that only the Debt amount defined in Exhibit A is included in this Agreement.
Debt Acknowledgment. Within five (5) Business Days following the Funding Date, the Borrower shall deliver a letter to the Lender, offering to enter into a debt acknowledgement (“reconocimiento de deuda”) under Argentine Law, acknowledging the full amounts of the Loan disbursed and outstanding at such time and substantially in the form of Exhibit G.
Debt Acknowledgment. (a) Obligor acknowledges, admits and agrees that (i) as of July 31, 2007 the total principal and accrued interest outstanding on the Trident Obligations is in the sum of $1,678,904.11, plus all interest accruing after July 31, 2007, plus all other costs, expenses, claims and charges to which the Trident is entitled under the Trident Loan Documents, against which obligation there are no offsets, defenses, claims, counterclaims or objections by Obligor, and (ii) as of July 31, 2007 the total principal outstanding on the FEQ Obligations is in the sum of $100,000, plus all accrued and unpaid interest which is due and owing under the FEQ Loan Documents, plus all other costs, expenses, claims and charges to which the FEQ is entitled under the FEQ Loan Documents, against which obligation there are no offsets, defenses, claims, counterclaims or objections by Obligor.
(b) The Obligations are the valid liabilities and obligations of Obligor.
Debt Acknowledgment. The Parties hereby acknowledge the existence of the Debts, as set forth in the recitals hereto.
Debt Acknowledgment. The [DEBTOR] hereby acknowledges to owe the [CREDITOR], hereinafter referred to as the “Creditor” the sum of [*] [Pesos / Unidades de Fomento / Dollars] hereinafter indistinctly referred to as the “Outstanding Amount”.