Common use of Trade Debt Clause in Contracts

Trade Debt. Strategic owes to Access $15,753,701.25 outstanding in Trade Debt as of May 16, 2005, a statement of which is attached hereto as Exhibit C. Such amount includes discrepancies in the aggregate amount of $648,685.38 which Strategic and Access agree to resolve in good faith as soon as possible. An aging of the Trade Debt from invoice date is as follows: $ 6,477,238.69 50 or less $ 9,276,462.56 More than 50 Any and all indebtedness of Strategic to Access which is outstanding from time to time, including all present and future indebtedness, obligations, and liabilities and all renewals and extensions thereof, or any part thereof, whether or not set forth in this Section, and all interest accruing thereon and out of pocket costs, expenses and reasonable attorney’s fees incurred in the enforcement or collection thereof, regardless of whether such indebtedness, obligations, and liabilities are direct, indirect, fixed, contingent, liquidated, unliquidated, joint, several, or joint and several, including, but not limited to, the indebtedness, obligations, and liabilities evidenced, secured, or arising pursuant to this Agreement or any other agreement entered into with Access from time to time (such agreements, including any future amendments, modifications, restatements, renewals or extensions thereof, are referred to herein as the “Loan Papers”), and all renewals and extensions thereof, or any part thereof, and all present and future amendments thereto, is referred to herein as the “Indebtedness.”