The Debt Clause Samples

The Debt. For purposes of this Agreement, the term "

The Debt. At the Closing (as defined herein), the Company shall have a debt obligation towards the Creditor in the aggregate amount of $675,000 (the "Scan Payment") which shall be paid to the Creditor in quarterly installments over a period of ten years commencing January 1, 2011 (the "Scan Installments"). The obligations of the Creditor pursuant to this Agreement are subject to the receipt by the Creditor of: (i) true and correct copies of resolutions of the Company's Board of Directors authorizing the Company to enter into this Agreement, and authorizing an officer of the Company to enter into such documents and their respective exhibits, annexes and schedules, in the form attached hereto as Exhibit A; (ii) an executed Share Purchase Agreement relating to the sale of Scan and IRT Scan to third party purchasers, including the exhibits thereto, attached hereto as Exhibit B; and (iii) copies of the consents of the Banks to the terms of this Agreement. The closing of the transaction contemplated herein and the execution and delivery to the Creditor of the above documentation (the "Closing") shall take place at the offices of Matry, Meiri & Co. Law Offices or at such other place, date and time as the Company and the Creditor may agree For the purposes of this Agreement including all of its schedules, exhibits and annexes, the “Effective Date” shall be deemed the Closing.

The Debt. The Customer acknowledges and agrees that it owed the sum of $1,722.646.48, as of July 15, 1997, made up as follows;

The Debt. Service Reserve may be applied against the Borrower’s payment obligations under this Agreement pursuant to Clause 7.6.1 (a) (ii).

The Debt. Total Amount of Debt When Case was Filed $ Total Amount of Debt Reaffirmed $ Above Total includes the following: Interest Accrued to Date of Agreement $ Attorney Fees $ Late Fees $ Other Expenses of Costs Relating to the Collection of this Debt (Describe) $ Annual Percentage Rate (APR) % Amount of Monthly Payment $ Date Payments Start Total Number of Payments to be made Total of Payments if paid according to schedule Date Any Lien Is to Be Released if paid according to schedule The debtor agrees that any and all remedies available to the creditor under the security agreement remain available. All additional Terms Agreed to by the Parties (if any): Form B240/Oakland Revision cont. 3 of 5 Payments on this debt [were][were not] in default on the date on which this bankruptcy case was filed. This agreement differs from the original agreement with the creditor as follows: Description of Collateral. If applicable, list manufacturer, year and model: Value $ Basis or Source for Valuation Current Location and Use of Collateral Expected Future Use of Collateral Check Applicable Boxes: ~ Any lien described herein is valid and perfected. ~ This agreement is part of a settlement of a dispute regarding the dischargeability of this debt under section 523 of the Bankruptcy Code (11 U.S.C. § 523) or any other dispute. The nature of dispute is . My Monthly Income (take home pay plus any other income received) is $ . My current monthly expenses total $ , not including any payment due under this agreement or any debt to be discharged in this bankruptcy case. I believe this agreement [will][will not] impose an undue hardship on me or my dependents. Form B240/Oakland Revision cont. 4 of

The Debt. For purposes of this Agreement, the term "Debt" is defined as the Revolving Loan and those additional obligations of the Borrower and Guarantor defined in Article 1 and Article 2 of this Agreement.

The Debt. Total Amount of Debt When Case was Filed $ Total Amount of Debt Reaffirmed $ Above total includes the following: Interest Accrued to Date of Agreement $__________ Attorney Fees $__________ Late Fees $__________ Other Expenses or Costs Relating to the Collection of this Debt (Describe) $__________ Annual Percentage Rate (APR) % Amount of Monthly Payment $ __________ Date Payments Start ____________ Total Number of Payments to be made ____________ Total of Payments if paid according to schedule ____________ Date Any Lien Is to Be Released if paid according to schedule ____________ The debtor agrees that any and all remedies available to the creditor under the security agreement remain available. All additional Terms Agreed to by the Parties (if any): __________________________________________________________________________________ Payments on this debt [were][were not] in default on the date on which this bankruptcy case was filed. This agreement differs from the original agreement with the creditor as follows: _____________________________________________________________________________

The Debt. The ballot shall contain the language required by the Sales and Use Tax Act for the authorization of up to $100,000,000.00 of debt (the “Debt”). The Debt may be issued by the County in whole or in part and in one or more series for purposes of funding a portion of the County Projects, a portion of the City Projects, the costs of issuing the debt, and capitalized interest. The County shall remit to the Cities their pro rata share of the Debt proceeds within three business days of the County’s receipt of same to enable the Cities to acquire, construct and equip the City Projects. The Cities each acknowledge that it is responsible for the payment of that portion of the Debt allocable to its Projects, including its pro rata share of issuance expense (the “City Debt”) and the payment of that portion of the arbitrage rebate allocable to the City Debt. The County acknowledges that it is responsible for the payment of the rest of the Debt (the “County Debt”). Notwithstanding the foregoing, the County and the Cities acknowledge and agree that the County shall only issue Debt for the purpose of funding the City Projects if it shall receive an opinion from its counsel to the effect that the County is authorized to issue Debt to fund such City Projects. The Debt shall be paid first from the proceeds of the SPLOST. In the event that there are insufficient SPLOST to pay the Debt, the County shall pay any shortfall attributable to the County Debt from its general fund, and the Cities shall pay any shortfall attributable to the City Debt from their general funds (the “Debt Service Payments”). The County and the Cities covenant that, in order to make the Debt Service Payments when due from their general funds to the extent required, they will exercise their power of taxation to the extent necessary to timely pay any amounts required to be paid hereunder, and they will make available and use for such payments all taxes levied and collected for that purpose together with funds received from any other source. The County and the Cities further covenant and agree that in order to make funds available for such purpose, they will, in their general revenue, appropriation, and budgetary measures whereby their tax funds or revenues and the allocation thereof are controlled or provided for, include sums sufficient to timely satisfy such Debt Service Payments that may be required to be made from the general funds, whether or not any other sums are included in such measure, until all p...

The Debt. Total Amount of Debt When Case was Filed $ Total Amount of Debt Reaffirmed $ Above total includes the following: Interest Accrued to Date of Agreement $ Attorney Fees $ Late Fees $ Other Expenses or Costs Relating to the Collection of this Debt (Describe) $ Annual Percentage Rate (APR) % Amount of Monthly Payment $ Date Payments Start Total Number of Payments to be made Total of Payments if paid according to schedule Date Any Lien Is to Be Released if paid according to schedule The debtor agrees that any and all remedies available to the creditor under the security agreement remain available. All additional Terms Agreed to by the Parties (if any): Payments on this debt [were][were not] in default on the date on which this bankruptcy case was filed. This agreement differs from the original agreement with the creditor as follows: