Reaffirmation of Indebtedness. The Borrowers hereby confirm that as of April 1, 2023, the outstanding principal balance of the Notes (including accrued interest) is $105,237,594.
Reaffirmation of Indebtedness. Borrower and Lender hereby acknowledge and confirm that: (a) the outstanding principal balance and accrued interest of the Note as of the Amendment Date is equal to $2,496,264.77, (b) Borrower's obligation to repay the outstanding principal balance and accrued interest of the Note and all other Indebtedness is unconditional and not subject to any offsets, defenses or counterclaims, and (c) by entering into this Amendment, Lender does not waive or release any term or condition of the Note or the other Loan Documents or any of its rights or remedies under such Loan Documents, or applicable law, except as set forth herein.
Reaffirmation of Indebtedness. The Borrowers hereby confirm that as of March 16, 2018 and before giving effect to this Amendment, the outstanding principal balance of the Notes is $76,931,173.61.
Reaffirmation of Indebtedness. The Company hereby confirms that as of the date of this Amendment the outstanding principal balance of the Original Notes and all accrued and unpaid interest thereon is $4,517,078.37.
Reaffirmation of Indebtedness. Borrower acknowledges the terms of this Fourth Amendment and ratifies and affirms its obligations under, and acknowledges, renews and extends its continued liability under, each Loan Document to which it is a party, and agrees that each Loan Document to which it is a party remains in full force and effect.
Reaffirmation of Indebtedness. Each Loan Party reaffirms all of its respective obligations under the Loan Documents to which it is a party, and each Loan Party acknowledges that it does not have any claims, offsets or defenses with respect to any such Loan Documents. Without limiting the foregoing, each Loan Party (a) reaffirms Lender’s rights, following the occurrence of any Forbearance Default, to apply any and all payments made by such Loan Party or otherwise received by Lender with respect to each the applicable Loan to such obligations owing by such Loan Party under the Loan Documents in such order and manner deemed appropriate by Lender in its sole discretion, and (b) expressly waives all of its rights under applicable law or otherwise to direct Lender as to such application or to designate the portion of the obligations to be satisfied.
Reaffirmation of Indebtedness. The Borrower promises and agrees to pay the indebtedness evidenced by the Notes, in accordance with the terms thereof and agrees to perform all of the requirements, conditions and obligations under the terms of the Loan Documents and Unsecured Indemnity Agreement, as hereby modified and amended, said documents being hereby ratified and affirmed. The execution and delivery hereof shall not constitute a novation or modification of the lien, encumbrance or security title of the Security Deed, which Security Deed shall retain its priority as originally filed for record.
Reaffirmation of Indebtedness. Borrowers hereby acknowledge principal indebtedness (plus interest accrued thereon) due to Bank as follows: Loan Principal Date ---- --------- ---- Revolving Line of $833,408.26 August 21, 1998 Credit Loan Borrowers represent and warrant to Bank that they have no counterclaim, defenses or offsets to any of its obligations under the Loan Agreement and Loan Documents. Borrowers acknowledge that Bank has not by virtue of this Agreement waived any right or remedy which it may possess by virtue of any actions or defaults of Borrowers in conjunction with their obligations under the Loan Documents.
Reaffirmation of Indebtedness. Each Obligor hereby acknowledges that the Loan Documents and the Indebtedness constitute the valid and binding Indebtedness of such Obligor enforceable against such Obligor in accordance with their respective terms, and each Obligor hereby reaffirms its obligations under the Loan Documents. The Lender’s entry into this Agreement or any of the documents referenced herein, its negotiations with any Person with respect to any Loan Documents, its conduct of any analysis or investigation of any Collateral for the Indebtedness or any Loan Documents, its acceptance of any payment from any Obligor or any other Person of any payments made prior to the date hereof, or any other action or failure to act on the part of the Lender shall not constitute (a) a modification of any Loan Document or (b) a waiver of any Default or Event of Default under the Credit Agreement, including, without limitation, the Enumerated Defaults, or any waiver of any term or provision of any Loan Document.
Reaffirmation of Indebtedness. LEASES. Debtor hereby reaffirms the validity of each of the Initial Loans and Airplane Leases, acknowledges and agrees that the current balances owing under each of said Initial Loans and Airplane Leases are as set forth on Exhibit "A" and Exhibit "B" (except as to aircraft bearing serial numbers UC 101 and 105) respectively, that each of the Initial Loans and Airplane Leases is in full force and effect, that no off-sets or defenses exist as to such amounts and future obligations thereunder and remain the valid, effective and enforceable obligations of Debtor. Secured Party hereby acknowledges and agrees that amounts currently past due and owing under the Initial Loans and Airplane Leases shall be paid (along with all default charges, interest and related amounts thereto) on July 29, 1997.
