Trade Debt definition

Trade Debt of a Person, at a particular date, (i) indebtedness of such Person resulting from free credit balances and similar payables, day loans, Installment Notes, Street Loans, and other liabilities and obligations incurred in the ordinary course of business of such Person both as principal and as agent as an investment banker, futures commission merchant, broker dealer or financial services institution; and (ii) other short term indebtedness of such Person incurred in the ordinary course of its business not material individually or in the aggregate to such Person.

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Trade Debt means the principal of, interest on (including any interest accruing after the commencement of any bankruptcy event or which would have accrued but for such event whether or not allowed) and other amounts due on or with respect to indebtedness of Grantor to its vendors, suppliers and trade creditors incurred in the ordinary course of business.

Trade Debt means, at any time, the outstanding trade debt then owing to the Trade Creditor by the Loan Parties arising out of the Loan Parties’ purchases of Branded Inventory on open account.

Examples of Trade Debt in a sentence

• The Secured Trade Debt owed to Mobil shall be in form and substance reasonably satisfactory to the Administrative Agent, and the Secured Trade Debt shall not be secured by any Lien other than the Lien evidenced by the Security Agreement.

• Strategic owes to Access $15,753,701.25 outstanding in Trade Debt as of May 16, 2005, a statement of which is attached hereto as Exhibit C.

• In the event Strategic pays the entire principal amount of the Notes prior to the stated maturity thereof, Strategic shall simultaneously pay the Past Due Trade Debt owing at such time.

• Strategic shall pay interest on all Past Due Trade Debt at a fixed rate of 8% per annum; provided, however, Strategic shall not be required to pay interest on Trade Debt evidenced by invoices with line items identified to be a valid dispute agreed upon by Strategic and Avnet.

• Strategic shall pay interest on all Past Due Trade Debt at a fixed rate of 12% per annum; provided, however, Strategic shall not be required to pay interest on Trade Debt evidenced by invoices with line items identified to be a valid dispute agreed upon by Strategic and Access.

More Definitions of Trade Debt

Trade Debt means, for any accounting period, accounts payable accrued during such period for the deferred purchase price of property or services (but excluding Film Expense) to the extent such payables and obligations are not overdue by more than 6 months.

Trade Debt means, at any relevant time and in relation to a Ship, Indebtedness of the Borrower or the relevant Owner arising from or in connection with the trading and operation of such Ship (excluding, for the avoidance of doubt, all Borrowed Money or other Indebtedness owing to the Bank under the Security Documents);

Trade Debt means Indebtedness for goods sold and services rendered by Access to Strategic, as well as Indebtedness for goods sold and services rendered by third parties to Strategic for which Access invoices and collects from Strategic.

Trade Debt means all unsecured debt of the Corporation incurred in connection with the purchase of goods or services in the ordinary course of business;

Trade Debt means all amounts owed to trade creditors for services, products, intangibles, or other items purchased in the ordinary course of business and consistent with past practices and included in the calculation of Closing Net Working Capital pursuant to Section 2.4.

Trade Debt has the meaning assigned to such term in Section 7.13(2)(e).

Trade Debt means all amounts owing to trade creditors (other than the Sellers and any connected person) by the Companies in connection with goods or services supplied to the Companies in connection with the Business;