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 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);
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Acknowledgement of Debt means a form to be completed by a customer when is in default with a municipal debt;
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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;
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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;
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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;
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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;
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Acknowledgement of Debt has the meaning assigned to such term in Section 2.01(c) of Schedule 2.02 to this Agreement.
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Related to Acknowledgement of Debt

  • Acknowledgement has the meaning set forth in Section 4.3(B).

  • Accession Agreement means an Accession Agreement substantially in the form of Annex I to the Guaranty.

  • Document of gift means a donor card or other record used to make an anatomical gift. The term includes a statement or symbol on a driver's license, identification card, or donor registry.

  • Reaffirmation Agreement means the Reaffirmation Agreement dated as of the Closing Date by the Borrower and the Guarantors to the Administrative Agent for the benefit of the Secured Parties.

  • Order Acknowledgement means the date when Voip Unlimited sends the customer an order acknowledgement email to the technical and order contact as specified on the Service order form or Customer requirement form.

  • Lien Waiver Agreement means an agreement which is executed in favor of Agent by a Person who owns or occupies premises at which any Collateral may be located from time to time and by which such Person shall waive any Lien that such Person may ever have with respect to any of the Collateral and shall authorize Agent from time to time to enter upon the premises to inspect or remove the Collateral from such premises or to use such premises to store or dispose of such Inventory.

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Collateral Assignment Agreement has the meaning set forth in Section 9.05.

  • Subordination Agreements means, collectively, any subordination agreements entered into by any Person from time to time in favor of Agent in connection with any Subordinated Debt, the terms of which are acceptable to the Agent, in each case as the same may be amended, restated or otherwise modified from time to time, and “Subordination Agreement” shall mean any one of them.

  • Subordination Agreement means a subordination agreement executed by a Subordinated Creditor in favor of the Lender and acknowledged by the Borrower.

  • Reciprocal agreement means an agreement between this state and a higher education compact or 1 or more other states that allows participating colleges to provide distance education to residents of this state and other member states under this act.

  • Lock-Up Agreement means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors and officers of the Company, in the form of Exhibit B attached hereto.

  • Joinder Agreements means for each Subsidiary, a completed and executed Joinder Agreement in substantially the form attached hereto as Exhibit G.

  • Waiver Agreement means an agreement between

  • Accession Letter means a document substantially in the form set out in Schedule 6 (Form of Accession Letter).

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with this Agreement, executed and delivered by each Loan Party and each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

  • Assumption Agreement has the meaning specified in Section 2.18(d)(ii).