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;
Disapproved Debt. A Debt which is either not an Approved Debt or which is an Excluded Debt;
Disapproved Debt. Any Debt which is not an Approved Debt.
Examples of Disapproved Debt in a sentence
We may at any time treat all or any part of an Approved Debt as a Disapproved Debt.
If an Approved Debt becomes a Disapproved Debt You must at once Repay it in the currency of the Current Account relating to it.
If an Approved Debt becomes a Disapproved Debt You must at once Repay it in the currency of the Current Account relating to it If We require it You will also then pay any other amounts You owe Us.
However, upon written notice of objection by the Client within 14 days of such notice the deduction shall be credited back to the Debts Purchased Account and shall be treated as a Disapproved Debt.
More Definitions of Disapproved Debt
Disapproved Debt means a Debt which:
Disapproved Debt. A Debt which is disapproved in accordance with clause 11(1).
Disapproved Debt means any Debt:
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.
Disapproved Debt means an Assigned Debt classified as disapproved under these Terms and Conditions.
Disapproved Debt means a Debt which in our sole discretion we so designate;