Acknowledgement of Indebtedness definition
Examples of Acknowledgement of Indebtedness in a sentence
Equity Management GmbH (to be renamed CSA Holding (Deutschland) GmbH) to the Collateral Agent (the "German Law Pledge Agreement"), the Canadian Borrower has granted an abstract acknowledgement of indebtedness (abstraktes Schuldanerkenntnis) to the Collateral Agent in an amount of U.S.$500,000,000 in a separate agreement governed by German law (the "Abstract Acknowledgement of Indebtedness").
For purposes of the Abstract Acknowledgement of Indebtedness only, the Collateral Agent shall be the joint creditor (together with the relevant Secured Creditor) of all obligations of the Canadian Borrower towards each of the Secured Creditors under the Credit Documents and the Swap Agreements.
The Debtor hereby acknowledges with effect immediately upon the Closing Time by way of an abstract acknowledgement of indebtedness (in Form eines abstrakten Schuldanerkenntnisses) that it owes US $ 470,000,000 (in words: four hundred and seventy million US dollars) to the Creditor (hereinafter referred to as the “Abstract Acknowledgement of Indebtedness II”).
In witness whereof this Loan Agreement and Acknowledgement of Indebtedness was signed on the day and date as set forth above.
The Abstract Acknowledgement of Indebtedness II (which constitutes the independent obligation to pay the above-mentioned amount) is subject to interest in the amount of twelve (12) percent per year from the date of execution of this Agreement, and the Abstract Acknowledgement of Indebtedness II shall extent to such interest payment.
Pursuant to the Credit Agreement : Promissory Note Purchase Agreement and Acknowledgement of Indebtedness Number 42 dated 25 August 1992 made before Notary Anita Christiana, Sarjana ▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇a (further such agreement,, together with any amendment, addendum, extension, renewal or confirmation which maybe made thereto, shall be referred to as the "Credit Agreement") between the Assignor as the Bank and PT.
When requesting payment under this Abstract Acknowledgement of Indebtedness II, the Creditor shall inform the Pledgor in writing about the amount requested and give further information as to which of the Underlying Obligations to the payment request relates.
To : ABN AMRO BANK N.V., Jakarta Branch Date : 28 January 2004 Dear Sirs, We refer to the Loan Agreement And Acknowledgement of Indebtedness No. dated 28 January 2004 (the "Loan Agreement") made between ourselves as the Borrower and yourselves as the Bank.