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. A Debt which is either not an Approved Debt or which is an Excluded Debt;
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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 means a Debt which:
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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

  • 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:

  • Other Covered Indebtedness means, collectively, Secured Longer-Term Indebtedness, Secured Shorter-Term Indebtedness and Unsecured Shorter-Term Indebtedness.

  • Permitted Debt means any Financial Indebtedness:

  • Outstanding Indebtedness means the aggregate of the Loan and interest accrued and accruing thereon, the Master Swap Agreement Liabilities, the Expenses and all other sums of money from time to time owing by the Borrowers to the Mortgagee and/or any of the Secured Creditors, whether actually or contingently, present or future, under or pursuant to the Loan Agreement, the Master Swap Agreement, the Security Documents or any of them;