Examples of Outstanding Debts in a sentence
If this Agreement ends all Credit Limits previously given shall automatically be withdrawn without notice and any Outstanding Debts thereupon shall be Unprotected Debts.
OF DEBTS IS TO BE AGED: From each invoice date, (clause 16.3.1) separately identifying the amounts of Outstanding Debts by Customer showing Customer balances as follows: total, up to 30 days old, 31 - 00 xxxx xxx, 00 - 00 days old, and beyond 90 days old, plus a summary ageing of the totals of each of these categories.
The Purchaser may use such fund to pay off any of the Outstanding Debts upon written confirmation by the Seller after the Closing and prior to the expiration of the Six-month Period.
Purchaser shall release all remaining balance in the Escrow Account to the Seller and Seller shall forever personally indemnify the Purchaser against the Outstanding Debts starting on the day after the expiration of the Six-month Period.
The Discount to be deducted in calculating the Purchase Price of Debts will be calculated at the rate shown in the Particulars on the amount of all Advances in respect of Outstanding Debts.