Book Debts. 4.1 Subject to the provisions of the Finance Documents, an Obligor shall be free to deal with book debts (that are not the subject of any other specific form of security under the Transaction Security Documents) (“General Book Debts”) in the ordinary course of its business (to the extent permitted under the Finance Documents) until the occurrence of an Enforcement Event, except that all book debts and moneys received shall be paid into one or more accounts that are subject to Transaction Security (or, where any Finance Document requires such book debts and/or moneys to be paid into any specific account that is subject to Transaction Security, into that account).
Book Debts. (i) No part of the amount shown in the books of account of any Group Company in respect of debtors is represented by debts which are more than six months overdue for payment or by debts in respect of arrangements made otherwise than in the ordinary course of any such Group Company’s business.
Book Debts. (a) The debts included in the Accounts have realised or, so far as the Warrantors are aware, will realise, in the ordinary course of collection, their nominal amounts plus any costs of collection and any accrued interest less any provisions for bad and doubtful debts included in the Accounts.
Book Debts all present and future book and other debts, revenues, receivables and monetary or other claims both present and future due or owing or which may become due or owing to the Company, and the benefit of all security, guarantees and other rights of any nature enjoyed or held by the Company in relation to any of them.
Book Debts. We agree that if any records of accounts receivable used by you at the premises for the purpose of the business should sustain damage during the period of insurance and in consequence income is lost resulting from your inability to trace or establish their outstanding debit balances then the insurer will indemnify you for the loss of income resulting from your inability to trace or establish their outstanding debit balances as a direct result of damage by any insured peril provided that:
Book Debts. The Grantor must pay all money generated by its book debts into the account, if any, specified by the Secured Party from time to time. In addition, the Grantor must deal with that money in accordance with the directions, if any, given by the Secured Party.
Book Debts. 2.6.l No part of the amounts included in the Accounts or subsequently recorded in the books of the Company as owing by any debtor is or shall at the Completion Date be overdue by more than 12 weeks or has been released on terms that any debtor pays less than the full book value of his debt or has been written off or has proved to any extent to be irrecoverable or is now regarded by the Company and its subsidiaries as irrecoverable in whole or in part.
Book Debts. (A) The Vendor has no reason to believe that any debt in excess of (pound)250,000 owing to any Company or, in relation to the US Business, to any member of the Vendor's Group at the date of this Agreement (other than the debts included in the Accounts) will not in the ordinary course of collection realise its nominal amount plus any accrued interest.
Book Debts. (i) Save as disclosed in the Audited Accounts and/or the Management Accounts, none of the book debts which are included in the Audited Accounts or which have subsequently arisen have been outstanding for more than three (3) months from their due dates for payment and each such debt has realised or will realise in the normal course of
Book Debts. 8.4.1 The Company shall not (except as provided below or with the prior written consent of the Secured Parties) release, exchange, compound, set-off, grant time or indulgence in respect of, or in any other manner deal with, all or any of the Book Debts.
