Business debt definition
Business debt means a bona fide loan or debt made for a business purpose that both parties intended be repaid.
Business debt means a debt the proceeds of which are used to incur a business expense which is deductible under Division IV of Part IV of Chapter II or to acquire a business asset;
Business debt means the obligation arising from a credit transaction between business or commercial enterprises for goods or services used or to be used primarily in a commercial or business enterprise and not for personal, family or household purposes;
Examples of Business debt in a sentence
Buyer shall not and does not assume any obligations of Seller, with the exception of Business debt that is shown on the balance sheet and financial statements provided by Seller to Buyer hereunder, as well as any obligations that Seller has under previous product warranties given pursuant to the sale of its products to its customers, which shall not be deemed to be extended or renewed hereby (the “Assumed Liabilities”).
More Definitions of Business debt
Business debt means a debt incurred for the purpose of carrying on an enterprise or business conducted by a company or an MSME, whether by way of finance to fund its operations or capital requirements, for the supply of goods and services to the business, or otherwise;
Business debt means any Indebtedness of the Target Company or Target Subsidiaries or otherwise related to the Business that remains unsatisfied as of the Reference Time.
Business debt means any Indebtedness of any Purchased Company (or any Subsidiary thereof), provided, however, that Business Debt shall not include (i) the Credit Facilities, (ii) the Earth Tech Intercompany Debt, (iii) Indebtedness incurred in the Ordinary Course for the trade of goods or services to the extent treated as current Liabilities for purposes of the Closing Working Capital calculation, (iv) any Indebtedness permitted to be incurred between signing and Closing in accordance with Section 8.1 or (v) any Letter of Credit, Bank Guarantee, Surety Bond or other guaranty set forth on Schedule 5.13(b).
Business debt means a bona fide loan or debt made for a business purpose that both
Business debt means (a) any indebtedness for borrowed money;(b) obligations for the deferred purchase price of property or services (c) other indebtedness that is evidenced by a note, bond, debenture or similar instrument; (d) obligations with respect to any letters of credit, bankers’ acceptances, surety bonds, interest rate swap agreements, foreign currency exchange contracts or other hedging agreements; (e) any guaranty of the type of obligations described in (a)-(d) above; and (f) all accrued or accrued and unpaid interest, fees, premiums, penalties and/or other amounts that would arise or become due in respect of any of the foregoing. For purposes of this Agreement, “Business Debt” shall not include trade payables incurred in the ordinary course of the Company’s business.
Business debt means a debt incurred in the course of carrying on a business; "court" means—
Business debt means, with respect to the Company or any of its Subsidiaries, indebtedness for borrowed money incurred by such Person, whether evidenced by loan agreements, bonds, debentures, notes or similar instruments, in each case, all or a portion of the proceeds of which are used in support of the Business.