Common use of Present Debt Clause in Contracts

Present Debt. The Parties agree that there is a current debt owed by the Debtor in the amount of $ , hereinafter known as the “Present Debt.”

Present Debt. The Parties agree that there is a current debt owed by the Debtor in the amount of $ $____________________, hereinafter known as the “Present Debt.”

Present Debt. The Parties agree that there is a current debt owed by the Debtor in the amount of $ $[ PRESENT (CURRENT) DEBT ], hereinafter known as the “Present Debt.”

Present Debt. The Parties agree that there is a current debt owed by the Debtor in the amount of $ _, hereinafter known as the “Present Debt.”