Present Debt. The Parties agree that there is a current debt owed by the Debtor in the amount of $____________________, hereinafter known as the “Present Debt.”
Present Debt Sample Clauses
Related to Present Debt
Indebtedness Create, incur, assume or suffer to exist any Indebtedness, except:
Debt Due (a) If the LHIN requires the re-payment by the HSP of any Funding, the amount required will be deemed to be a debt owing to the Crown by the HSP. The LHIN may adjust future funding instalments to recover the amounts owed or may, at its discretion direct the HSP to pay the amount owing to the Crown and the HSP shall comply immediately with any such direction.
