Charged Debts definition

Charged Debts means all debts whether actual or contingent at any time owing to the Grantor together with all books or documents of account or records evidencing or recording such debts.
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Charged Debts means the book and other debts and liabilities hereby charged as more particularly referred to in Clause 3.1(B)(ii);
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Charged Debts means the assets and choses in action referred to in paragraph (a)(i) of Clause 3.1 (Charge).
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Examples of Charged Debts in a sentence

  • The Chargor shall at all times during the continuance of the security constituted by or pursuant to this Mortgage Debenture get in and realise and pay into a designated account in the name of the Chargor with such bank as the Bank may stipulate all monies which the Chargor may receive in respect of the Charged Debts, and if its authority to do so is terminated by the Bank giving notice following an Event of Default under either of the Loan Agreements, shall not draw money from such account.

  • When the recoverable amount of a CGU is less than its carrying amount, the impairment loss is deducted from goodwill to the extent possible and charged to operating profit under “Other operating income and expense”.


More Definitions of Charged Debts

Charged Debts means, in relation to a Chargor, all book debts and other debts, actual or
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Charged Debts the assets and choses in action referred to in Clause 2.2(a)(i);
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Related to Charged Debts

  • Charged-Off Receivable means a Receivable: (i) as to which the Obligor thereof has taken any action, or suffered any event to occur, of the type described in Section 9.1(d) (as if references to Seller Party therein refer to such Obligor); (ii) as to which the Obligor thereof, if a natural person, is deceased, (iii) which, consistent with the Credit and Collection Policy, would be written off Seller’s books as uncollectible, or (iv) which has been identified by Seller as uncollectible.

  • Bad debts means amounts considered to be uncollectible from

  • Debts means all amounts owing by the Customer to the Company on any account whatsoever;

  • Secured Liabilities means all liabilities which the Borrower, the Security Parties or any of them have, at the date of this Agreement or at any later time or times, under or in connection with any Finance Document or any judgment relating to any Finance Document; and for this purpose, there shall be disregarded any total or partial discharge of these liabilities, or variation of their terms, which is effected by, or in connection with, any bankruptcy, liquidation, arrangement or other procedure under the insolvency laws of any country;

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.

  • Obligor on the indenture securities means the Company and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule have the meanings assigned to them by such definitions.

  • Insolvent pertaining to a condition of Insolvency.

  • Insolvency Act means the Insolvency Xxx 0000;

  • Debtor means a person who is liable on a claim.

  • Non-Recourse Indebtedness means with respect to any Person, Indebtedness of such Person and any refinancing Indebtedness thereof for which the sole legal recourse for collection of principal and interest on such Indebtedness is against the specific property identified in the instruments evidencing or securing such Indebtedness.

  • Solvent and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

  • Qualified Contractor ’ means a residential energy ef-