Acknowledgement of Debt definition

Acknowledgement of Debt means an admission of liability and written undertaking by a debtor to repay an amount owing to the Municipality, and includes a consent to judgement and for the purposes of this policy it also means a Credit Authority;

Acknowledgement of Debt means a form to be completed by a customer when is in default with a municipal debt;

Acknowledgement of Debt means an admission of liability and written undertaking by a debtor to repay an amount owing to the Municipality, and includes a consent to judgement contemplated in section 58 of the Magistrates Court Act, 1944 (Act No. 32 of 1944);

Examples of Acknowledgement of Debt in a sentence

• The client acknowledges that he/she/it is aware that he/she/it will execute an Acknowledgement of Debt for all amounts due in terms of this Master Facilitation Agreement.

• Unless otherwise defined herein, capitalised terms used herein shall have the following meaning: Abstract Acknowledgement of Debt means the abstract acknowledgement (abstraktes Schuldanerkenntnis) by the Chargor to pay to the Security Agent an amount equal to the nominal amount of the Land Charge as set out in the Notarial Deed.

• In circumstances where a payment plan is agreed upon, Parents or debtors are obliged to sign an Acknowledgement of Debt stipulating the terms of such payment plan.

• The Land Charge, the Abstract Acknowledgement of Debt, and the Assignments of Claims for Restitution (as defined below) are constituted in order to secure the prompt and complete satisfaction of any Secured Obligation.

• For convenience, overseas students may be assisted with a small loan for which they will sign an Acknowledgement of Debt.

• Should an account become overdue, the parent/debtor/payee will be notified that such arrears must be rectified or an Acknowledgement of Debt be signed in order to facilitate payment arrangements in order to settle the outstanding debt.

• They are thus requested to sign an Acknowledgement of Debt as an agreement for them to refund the money based on an agreed schedule.

More Definitions of Acknowledgement of Debt

Acknowledgement of Debt means an admission of liability and written undertaking by a debtor to repay an amount owing to the Municipality or Municipal Entity, and includes a consent to judgement and for the purposes of this policy includes any arrangements;

Acknowledgement of Debt means an unequivocal admission of liability to the municipality by the client. The client acknowledges that he or she owes a particular sum of money to the municipality and undertakes to repay what is owed on terms so agreed with the municipality. For ease of administrative processes a standard form must be completed;

Acknowledgement of Debt means an admission of liability and written undertaking by a debtor to repay an amount owing to the Municipality, and includes a consent to judgement

Acknowledgement of Debt means the acknowledgement of debt entered into by XXXX, X0X, X0X, GBG RSA and the Borrower on 24 May 2010 and as amended on or about 3 October 2012, detailing the consolidation and outstanding amount of, certain loans made between such parties;

Acknowledgement of Debt has the meaning assigned to such term in Section 2.01(c) of Schedule 2.02 to this Agreement.