Common use of Abandonment of Claims Clause in Contracts

Abandonment of Claims. The Municipal Manager must ensure that all avenues are utilised to collect the municipality’s debt. There are certain circumstances that allow for the valid termination of debt collection procedures as contemplated in section 109(2) of the Systems Act, such as:- 29.1.1. The insolvency of the debtor, whose estate has insufficient funds. 29.1.2. A balance being too small to recover, for economic reasons considering the cost of recovery. Where Council deems that a customer or groups of customers are unable to pay for services rendered. The municipality will maintain audit trials in such an instance, and document the reasons for the abandonment of the action or claim in respect of the debt.

Abandonment of Claims. The Municipal Manager must ensure that all avenues are utilised to collect the municipality’s debt. There are certain circumstances that allow for the valid termination of debt collection procedures as contemplated in section 109(2) of the Systems Act, such as:- 29.1.1. 29.1.1 The insolvency of the debtor, whose estate has insufficient funds. 29.1.2. 29.1.2 A balance being too small to recover, for economic reasons considering the cost of recovery. Where Council deems that a customer or groups of customers are unable to pay for services rendered. The municipality will maintain audit trials in such an instance, and document the reasons for the abandonment of the action or claim in respect of the debt.

Abandonment of Claims. The Municipal Manager must ensure that all avenues are utilised to collect the municipality’s debt. There are certain circumstances that allow for the valid termination of debt collection procedures as contemplated in section 109(2) of the Systems Act, such as:-as: - 29.1.1. 29.1.1 The insolvency of the debtor, whose estate has insufficient funds. 29.1.2. 29.1.2 A balance being too small to recover, for economic reasons considering the cost of recovery. Where Council deems that a customer or groups of customers are unable to pay for services rendered. The municipality will maintain audit trials in such an instance, instance and document the reasons for the abandonment of the action or claim in respect of the debt.