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;

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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

• Pursuant to the F+F Agreement: (i) MHE will assign all of its right, title and interest in and to the MGG/MGL Residual Balance to F+F in consideration of the payment by F+F of €1 to MHE; (ii) MHE will assign all of its right, title and interest in and to the MGG/MHE Balance to F+F in consideration of the payment by F+F of €1 to MHE; and (iii) MGI will deliver to F+F a termination of the Abstract Acknowledgement of Debt (Parallel Debt) among MGG, National Amusements Inc.

• Based on information available from SIOBI, IIA would follow up with units for dues, annual financial statements and other regular returns like Balance Confirmation Certificates, Acknowledgement of Debt, etc.

• If any provision of this Acknowledgement of Debt, or the application thereof, shall, for any reason and to any extent, be held invalid, illegal or unenforceable, the remainder of this Acknowledgement of Debt shall be applied and interpreted so as to reasonably effect the intent of the Parties hereto.

• This Acknowledgement of Debt and all transactions hereunder and/or evidenced hereby shall be governed by, construed under and enforced in accordance with the substantive laws of Switzerland.

• The entire principal balance of this Acknowledgement of Debt, together with all unpaid accrued interest thereon, shall be paid in 4 (four) annual installments of 1.25 (one point two five) million CHF on December 28, 2008, December 28, 2009, December 28, 2010 and December 28, 2011, respectively.

• No amendment, modification or supplement of any provision of this Acknowledgement of Debt shall be valid or effective unless made in writing and signed by a duly authorized officer of each Party or its permitted assigns.

• The unpaid principal balance of this Acknowledgement of Debt shall bear interest from the date hereof at a rate of interest equal to four point five percent (4.5%) per annum.

• In witness whereof the undersigned has executed this Acknowledgement of Debt to be effective as of the date written above.

• All amounts payable under this Acknowledgement of Debt may be made with set-off, deduction or counterclaim, as provided in Article 8.4 of the share purchase agreement dated as of the date of this Acknowledgement of Debt and entered into between and among the Debtor, the Payee and the other signatories thereto (hereinafter referred to as the “Share Purchase Agreement”).

• 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.

More Definitions of Acknowledgement of Debt

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 or Municipal Entity, and includes a consent to judgement and for the purposes of this policy includes any arrangements;

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 ▇▇▇▇, ▇▇▇, ▇▇▇, 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.