Excluded Debts definition

Excluded Debts. Debts You need not Tell Us about until We require it and which at first will include all Debts not due under a Transaction, Debts due under a Transaction creating a Debt of a type stated as being an Excluded Debt in the Special Conditions and, unless We tell You otherwise, the following Debts:- (A) Debts owed by an Associate; (B) Debts in the hands of any third party, including a solicitor or debt collector, for collection; (C) Debts for stage or progress payments; (D) Debts arising under a Transaction under which goods are provided on approval, trial, consignment or sale or return or which contains terms entitling the Customer to return the goods; (E) Debts owed by a Customer which has not incurred the Debt for the purposes of its business; (F) Debts regulated by the Consumer Credit Act 1974; (G) Debts payable on a pro forma basis or by cash on delivery; (H) Debts arising from the sale of capital assets; (I) Debts arising from rental or leasing agreements; (J) Debts owed by a Customer who also supplies goods or services to You; (K) Debts so far as they comprise interest (whether owing under statute or otherwise);
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Excluded Debts means the debts of the Debtor specified in Part IV which fall within the meaning of 'excluded debts' as that term is defined in the Act;
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Excluded Debts means all book and other debts or other sums owed to the Seller as at the Transfer Date:
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Examples of Excluded Debts in a sentence

  • If a Debt Schedule includes any Excluded Debts or Recourse Debts, you must also ensure that those Debts are clearly identified as such when the Debt Schedule is provided.

  • Section 204.31 Excluded Debts or Claims This section exempts certain types of debts from salary offset.

  • However, little attention has been paid to the impact of measurement error on prediction, and a small number of papers, that considered influence of measurement error on prediction, analyzed it in terms of effect on risk estimates [19]-[21].

  • Commission officials or authorised Commission representatives may take part in such audits.

  • Your offer for sale of any such Excluded Debts is taken to be accepted by NAB immediately upon payment to you of the Purchase Price in relation to those Excluded Debts (NAB may choose not to purchase an Excluded Debt).

  • This Voluntary Arrangement shall not apply to the Excluded Creditors and Excluded Debts.

  • Each Debt Schedule provided by you under this Agreement must include all Debts created since the last Debt Schedule, or in relation to the first Debt Schedule all Debts existing at the date of that Debt Schedule, including Excluded Debts and Recourse Debts, and such other information as NAB reasonably requires.

  • Upon NAB’s deemed acceptance of your offer full title to the Excluded Debts purchased will vest in NAB.

  • Excluded Debts Article 192: Debts and transactions arising subsequent to the commencement of the Procedure shall not be considered as Debts or mutual transactions for the purpose of the automatic set-off.

  • Your “net disposable income” is: All of your income (not including Child Benefit) LESS your Reasonable Living Expenses (including rent and childcare costs & special circumstances) LESS tax, PRSI, USC LESS payments to Excluded Debts LESS payments to Excludable Debts LESS any other charge or levy to be taken from your income (See page 8 for details).

Related to Excluded Debts

  • Excluded Liabilities has the meaning set forth in Section 2.4.

  • Excluded Equity means any Voting Stock in excess of 66% of the total outstanding Voting Stock of any direct Subsidiary of any Grantor that is a Non-U.S. Person. For the purposes of this definition, “Voting Stock” means, as to any issuer, the issued and outstanding shares of each class of capital stock or other ownership interests of such issuer entitled to vote (within the meaning of Treasury Regulations § 1.956-2(c)(2)).

  • Excluded Contracts has the meaning set forth in Section 2.02(a).

  • Excluded Subsidiary means (a) each Immaterial Subsidiary, (b) each Subsidiary that is not a Wholly-Owned Subsidiary on any date such Subsidiary would otherwise be required to become a Guarantor pursuant to the requirements of Section 8.10 (for so long as such Subsidiary remains a non-Wholly-Owned Subsidiary), (c) each Subsidiary (i) that is prohibited by any applicable Requirement of Law or Contractual Requirement (with respect to any such Contractual Requirement, only to the extent existing on the Closing Date or on the date such Person becomes a Subsidiary of the Company and not entered into in contemplation thereof) from guaranteeing the Obligations (and for so long as such restriction or any replacement or renewal thereof is in effect), (ii) that would require consent, approval, license or authorization to provide a Guarantee of the Obligations from a Governmental Authority (unless such consent, approval, license or authorization has been received) or for which the provision of such Guarantee would result in material adverse tax consequences to the Company or one or more of its Subsidiaries (as reasonably determined by the Company in consultation with the Administrative Agent) or (iii) that is a CFC (or a Subsidiary of a CFC) or FSHCO, (d) any other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower, as agreed in writing, the cost or other consequences of providing a Guarantee of the Obligations would be excessive in view of the benefits to be obtained by the Lenders therefrom, (e) each Unrestricted Subsidiary, (f) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition or other Investment permitted hereunder and financed with secured Indebtedness permitted to be incurred pursuant to Section 9.04, and each Restricted Subsidiary acquired in such Permitted Acquisition or other Investment permitted hereunder that guarantees such secured Indebtedness, in each case, to the extent that, and for so long as, the documentation relating to such secured Indebtedness to which such Subsidiary is a party prohibits such Subsidiary from guaranteeing the Obligations and such prohibition was not created in contemplation of such Permitted Acquisition or other Investment permitted hereunder and (g) any special purpose entity (including any not-for-profit entity).

  • Excluded Entities has the meaning set forth in Section 2.2(b)(iv).