Book Debts definition

Book Debts as defined in the UK Security Agreements.

Book Debts means the net amount of all trade and other debts and amounts owing to the Company at the Completion Date in respect of the Business (whether or not invoiced).

Book Debts of the Chargor means all book and other debts of any nature, and all other rights to receive money (excluding Bank Accounts), now or in the future due, owing or payable to it and the benefit of all related negotiable instruments, rights, Security, guarantees and indemnities of any kind.

Examples of Book Debts in a sentence

• For Scheduled commercial Banks, the above condition i.e. Charge on the Book Debts, may be exempted.

• Book Debts PhishingAny access or attempted access to data or information made by means of misrepresentation or deception.

• Head of Cover Any of the following five types of insurance cover: a Buildings and completed structures b Other property (including contents, engineering, contractors and computers) c Business Interruption d Book Debts e Non-Damage Business Interruption Provided always that each Head of Cover will be deemed to be a separate Head of Cover whether the item insured is insured under this or separate policies, under separate terms of a policy or under separate sections of combined or package policies.

• It is a Condition Precedent to Our liability under Section E - Book Debts - that at the end of each month You must record the total amount outstanding in Your Customer Accounts.

• It is hereby noted and agreed that Book Debts are excluded under this insurance policy.

More Definitions of Book Debts

Book Debts means the total amount of the outstanding debit balances in customers credit accounts including hire purchase and credit sales accounts at the date of the Damage adjusted for bad debts.

Book Debts means any claim of any nature which any of the Obligors (other than the Issuer) has in respect of any indebtedness against any debtor of such Obligor (other than the Issuer) and over which a security interest has been granted in favour of the Debt Guarantor (as defined in the Security Sharing Agreement);

Book Debts means the trade debts owed to the Vendor at the Effective Time in connection with the Business

Book Debts means all trade and other debts including pre- payments owing to the Vendor on the Transfer Date to the extent taken into account in the Completion Accounts;

Book Debts means all trade and other debts, such debts to include VAT (whether due for payment or not), owing to the Target as at the Transfer Date but excluding any debts owing from any member of the Seller’s Group.

Book Debts means the book debts as at the Transfer Date accrued due to the Vendor from Customers or others and whether or not the same shall have fallen due for payment as at the Transfer Date

Book Debts means the debts owed to BOC Limited in respect of the Business as at the Effective Date;