Common use of The Obligations Clause in Contracts

The Obligations. Borrower and each of the other Obligors agree and acknowledge that, as of March 18, 2011, (a) the principal amount outstanding under the Term Note is Eight Hundred Eighteen Thousand Three Hundred Eight Dollars and Fifty-Two Cents ($818,308.52), (b) the amount of unpaid and accrued interest on the Term Note is Forty-Seven Thousand Two Hundred Forty-Four Dollars and Forty-Five Cents ($47,244.45), and (c) no defense or right of set off exists with respect to the enforceability of any of the Obligations.

The Obligations. Borrower and each of the other Obligors agree and acknowledge that, as of March 18, 2011, 2011 (a) the principal amount outstanding under the Term Note is Eight Three Million Nine Hundred Eighteen Eighty-Four Thousand Three Six Hundred Eight Eighty-Two Dollars and FiftyTwenty-Two Cents ($818,308.523,984,682.22), (b) the amount of unpaid and accrued interest on the Term Note is Forty-Seven Thousand Two Four Hundred Forty-Four Thousand Eight Hundred Sixty-Eight Dollars and Forty-Five Sixty Cents ($47,244.45)444,868.60, and (cb) no defense or right of set off exists with respect to the enforceability of any of the Obligations.

The Obligations. Borrower and each of the other Obligors agree and acknowledge that, as of March 18July 28, 20112010, (a) the principal amount outstanding under the Term Note is Eight One Million Two Hundred Eighteen Twenty-Three Thousand Three Hundred Eight Nine Dollars and FiftySixty-Two Five Cents ($818,308.521,223,309.65), (b) the amount of unpaid and accrued interest on the Term Note is FortyOne Hundred Twenty-One Thousand Three Hundred Sixty-Seven Thousand Two Hundred Forty-Four Dollars and Forty-Five Cents ($47,244.45121,367.05), and (c) no defense or right of set off exists with respect to the enforceability of any of the Obligations.

The Obligations. Borrower and each of the other Obligors agree and acknowledge that, as of March 18July 28, 2011, 2010 (a) the principal amount outstanding under the Term Note is Eight Three Million Nine Hundred Eighteen Eighty-Four Thousand Three Six Hundred Eight Eighty-Two Dollars and FiftyTwenty-Two Cents ($818,308.523,984,682.22), (b) the amount of unpaid and accrued interest on the Term Note is FortyThree Hundred Sixty-Seven One Thousand Two Hundred FortyTwenty-Four One Dollars and FortyThirty-Five Seven Cents ($47,244.45361,221.37), and (cb) no defense or right of set off exists with respect to the enforceability of any of the Obligations.