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 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);

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

Examples of Acknowledgement of Debt in a sentence

• I, the undersigned, do hereby declare that the Municipal fees of ..................................................................................................................................................................(Full name of Company / Close Corporation / partnership / sole proprietary/Joint Venture) (hereinafter referred to as the TENDERER) are, as at the date hereunder, fully paid or an Acknowledgement of Debt has been concluded with the Municipality to pay the said charges in instalments.

• Annex a detailed Statement of Account plus Acknowledgement of Debt or receipts or paid cheques.

• I, the undersigned, do hereby declare that the Municipal fees of (fullname of Company / Close Corporation / Partnership / Sole Proprietary / Joint Venture) (hereinafter referred to as the TENDERER) are, as at the date hereunder, fully paid or an Acknowledgement of Debt has been concluded with the Municipality to pay the said charges in instalments.

• Arrangement for payment of arrears should be made as follows but only after an Acknowledgement of Debt (the Agreement), has been signed by the debtor who should provide positive proof of identity or an authorised agent with a Power of Attorney.

• Regardless of the classification of a claim, it is of primary importance to have the client sign a repayment agreement, DSS 2627A, Repayment Agreement and Acknowledgement of Debt.

• Annex detailed statement of account plus Acknowledgement of Debt or receipts or paid cheques.

• 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.

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• I, the undersigned, do hereby declare that the Municipal fees of ...........................................................................................................................................................(full name of Company / Close Corporation / partnership / sole proprietary/Joint Venture) (hereinafter referred to as the TENDERER) are, as at the date hereunder, fully paid or an Acknowledgement of Debt has been concluded with the Municipality to pay the said charges in instalments.

• 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.

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 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.