Disapproved Debt definition

Disapproved Debt. A Debt which is either not an Approved Debt or which is an Excluded Debt; “Disbursements” Losses, costs, claims, charges, stamp and other duties and expenses (including, on a full indemnity basis, bank charges, legal and professional and debt collection fees and in getting evidence and witness attendance at any proceedings, use of Credit Agencies, disbursements, third party costs and Our own administrative expenses and charges as contained in Our scale of charges (if any) published by Us from time to time on Our Website or which is available to You if You ask Us at any time) and any VAT or similar tax thereon We incur directly or indirectly:- (A) from resolving any dispute relating to a Debt or with a Customer or Collecting or trying to Collect any Debt and any Customer failing to pay a Debt at its full Notified Value; (B) in enforcing or trying to enforce or operating any term of this Agreement, any Guarantee or any Other Interest given to Us relating to this Agreement or protecting Our rights under or resulting from any breaking of any of them; (C) in getting any Guarantee or any Other Interest given to Us relating to this Agreement; (D) any charges for currency conversion or dishonoured payments We incur relating to this Agreement; (E) getting or enforcing (or trying to get or enforce), any waiver, consent, ranking, release, subordination or priority for this Agreement or any Debts from any Other Interest or loan or relating to any Other Interest given to Us by You or any Guarantor; (F) as a result of any transfer or alleged transfer to Us of employees or other personnel under the Transfer of Undertakings (Protection of Employment) Regulations 2006 which is caused directly or indirectly because of Us entering into this Agreement (and which shall include any liability for remuneration and benefits including all wages, bonuses, holiday pay, commissions, pension contributions, PAYE and national insurance contributions); and (G) such other charges as We tell You verbally or in Writing from time to time;
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Disapproved Debt. Any Debt which is not an Approved Debt.
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Disapproved Debt means a Debt which:
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Examples of Disapproved Debt in a sentence

  • We may also at our discretion subsequently Re-approve any Disapproved Debt.


More Definitions of Disapproved Debt

Disapproved Debt. A Debt which is either not an Approved Debt or which is an Excluded Debt;
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Disapproved Debt. A Debt which is disapproved in accordance with clause 11(1).
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Disapproved Debt means any Debt:
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Disapproved Debt means an Assigned Debt classified as disapproved under these Terms and Conditions.
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Disapproved Debt means a +transferred debt which has been disapproved by us under clause 3. Entity includes a natural person, firm, partnership, joint venture, society, trust (in each case whether or not having separate legal personality) and Corporation, and any other legal entity under any law. Expected Rate of Return means the return we expect to make on +transferred debts after taking into account all the direct and indirect costs we incur in relation to dealing with those debts, including the cost of funds to purchase them.
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Disapproved Debt means a Debt which in our sole discretion we so designate;
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Related to Disapproved Debt

  • Acquisition Indebtedness any Indebtedness of the Company or any of its Subsidiaries that has been issued for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Company, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds thereof to the Company and its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Company and its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • Funded Debt means all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

  • Permitted Indebtedness means, without duplication, each of the following:

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Permitted Debt means any Financial Indebtedness: