Common use of Confirmation of Indebtedness Clause in Contracts

Confirmation of Indebtedness. The Borrowers hereby confirm and acknowledge that, as of the Closing Date, (i) the Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind and (ii) the Borrowers are liable to the Lenders in respect of Loans and Letters of Credit in the aggregate principal amount of $145,016,426.

Appears in 1 contract

Sources: Credit Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrowers hereby confirm and acknowledge that, as of the Closing Date, (i) the Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind and (ii) the Borrowers are liable to the Lenders in respect of Loans and Letters of Credit in the aggregate principal amount of $145,016,42665,080,203.93 plus outstanding Letters of Credit in an aggregate amount equal to $4,057,560.

Appears in 1 contract

Sources: Credit Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrowers hereby confirm and acknowledge that, as of the Closing Date, (i) the Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind and (ii) the Borrowers are liable to the Lenders in respect of Loans and Letters of Credit in the aggregate principal amount of $145,016,42645,303,881,50 plus outstanding Letters of Credit in an aggregate amount equal to $4,140,810.

Appears in 1 contract

Sources: Credit Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrowers hereby confirm and acknowledge that, as of the Closing Effective Date, (i) the Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind and (ii) the Borrowers are liable to the Lenders in respect of Loans and Letters of Credit in the aggregate principal amount of $145,016,426110,212,965.

Appears in 1 contract

Sources: Waiver and Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrowers hereby confirm and acknowledge that, as of the Closing Effective Date, (i) the Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind and (ii) the Borrowers are liable to the Lenders in respect of Loans and Letters of Credit in the aggregate principal amount of $145,016,426127,540,079.10.

Appears in 1 contract

Sources: Waiver and Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrowers hereby confirm and acknowledge that, as of the Closing Date, (i) the Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind and (ii) the Borrowers are liable to the Lenders in respect of Loans and Letters of Credit in the aggregate principal amount of $145,016,426129,024,851.

Appears in 1 contract

Sources: Credit Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrowers hereby confirm and acknowledge that, as of the Closing Date, (i) the Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind and (ii) the Borrowers are liable to the Lenders in respect of Loans and Letters of Credit in the aggregate principal amount of $145,016,426102,464,185.03 plus outstanding Letters of Credit in an aggregate amount equal to $439,669.00.

Appears in 1 contract

Sources: Credit Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrowers hereby confirm and acknowledge that, as of the Closing Date, (i) the Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind and (ii) the Borrowers are liable to the Lenders in respect of Loans and Letters of Credit in the aggregate principal amount of $145,016,426130,587,385.

Appears in 1 contract

Sources: Credit Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrowers hereby confirm and acknowledge that, as of the Closing Date, (i) the Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind and (ii) the Borrowers are liable to the Lenders in respect of Loans and Letters of Credit in the aggregate principal amount of $145,016,426kind.

Appears in 1 contract

Sources: Credit Agreement (Consoltex Usa Inc)

Confirmation of Indebtedness. The Borrowers hereby confirm and acknowledge that, as of the Closing Date, (i) the Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind and (ii) as of April 4 2002, the Borrowers are liable to the Lenders in respect of Loans and Letters of Credit in the aggregate principal amount of $145,016,42679,599,011.59 (exclusive of Letters of Credit).

Appears in 1 contract

Sources: Credit Agreement (American Skiing Co /Me)

Confirmation of Indebtedness. The Borrowers hereby confirm and acknowledge that, as of the Closing Date, (i) the Borrowers are truly and justly indebted to the Lenders, without defense, counterclaim or offset of any kind and (ii) the Borrowers are liable to the Lenders in respect of Loans and Letters of Credit in the aggregate principal amount of $145,016,426__________.

Appears in 1 contract

Sources: Credit Agreement (American Skiing Co /Me)