Existing Debt

Existing Debt. Shall have the meaning provided in the Recitals to this Note.

Existing Debt. Shall have the meaning set forth in the Recitals.

Existing Debt. The Borrowers hereby acknowledges, confirms and agrees that as of the date hereof, the Existing Debt is due and owing by the Borrowers jointly and severally to the Lender without offset, defense or counterclaim of any kind, nature or description whatsoever.

Existing Debt. Means the Shelter Island Debt and the Taglich Debt.

Existing Debt. Each Borrower reaffirms all of its obligations under the Credit Agreement and hereby forever waives and relinquishes any and all claims, set-offs or defenses that any Borrower may now have with respect to the payment of sums due to Agent and the Lenders and the performance of other obligations under the Credit Agreement.

Existing Debt. The Borrower's 2009 Senior Unsecured Term Notes in the aggregate principal amount of (a) Twenty Seven Million Nine Hundred Sixty Nine Thousand Eight Hundred Seventy-Five and 37/100 Dollars ($27,969,875.37) with a maturity date of October 16, 2014 and (b) Thirty Four Million Seven Hundred Thirty-Two Thousand One Hundred Eighty-Two and 93/100 Dollars ($34,732,182.93) with a maturity date of December 30, 2014 or thereafter.