Trade Debts definition

Trade Debts means all trading debts existing between any member of the Vendors' Group and any Group Company incurred in the ordinary course of business.
Trade Debts means amounts owing by way of trade credit in the ordinary course of trading as a result of goods or services supplied by a Group Company to a member of the Seller’s Group or vice versa and which are specifically identified on a schedule in Agreed Form prior to Completion; 88. Transaction has the meaning given in Recital (B);
Trade Debts means those debts of the Target listed in Schedule 7.

Examples of Trade Debts in a sentence

  • Trade Debts and other receivables are carried at invoices value, which approximates fair value less provision for impairment.

  • The Remaining Group is not expected to have any material business relationship with the Target Group after Completion, apart from the settlement of the Trade Debts by Nanjing Mayflower pursuant to the Obligations and Debts Framework Agreement.

  • At Completion, the Seller must deliver to the Asset Buyer a copy of the special resolution passed by the State Electricity Commission of Victoria (as shareholder) approving the sale of Assets and the Trade Debts specified by the Asset Buyer pursuant to clause 12A by the Seller on and subject to the terms of this agreement.

  • The Buyer may reasonably request the help of the Seller to collect Trade Debts if need be.

  • Once all Trade Debts (as defined in the Purchase Agreement) have been settled pursuant the terms and conditions of the Purchase Agreement, Medco shall acquire all of the Participating Interests (as defined in the Joint Operating Agreement) held by Purchaser, so that Medco becomes the direct owner of the Assets (as defined in the Purchase Agreement).


More Definitions of Trade Debts

Trade Debts means the amounts due to the Asset Vendor in connection with the Marlxx Xxxiness and the Emess Lighting Business at the date of Completion in respect of trade debtor accounts arising through normal business transactions (whether or not yet payable).
Trade Debts means amounts owing in the ordinary course of trading as a result of goods or services supplied by a Target Group Company to a member of the Seller’s Group or vice versa; Transaction has the meaning given in recital (B); Transaction Costs means any professional fees, costs or expenses directly relating to or directly arising from the Transaction and/or the Transaction Documents (including those payable to Wyvern Partners, DLA Piper and/or Ernst & Xxxxx, in each case in relation to the advice provided to management of the Target Group relating to or arising from the Transaction) which are paid or agreed to be paid or incurred or owing by a Target Group Company prior to Completion (including any amount in respect of Irrecoverable VAT payable on such Transaction Costs);
Trade Debts means all amounts owing to the Target Group by trade debtors in connection with the Brand Operations in respect of goods or services supplied by the Target Group (whether or not invoiced and whether or not due and payable at the relevant time);
Trade Debts has the meaning assigned to such term in Section 5.23 hereof.
Trade Debts means the amounts due to Prodac in connection with the Business at the date of this Agreement in respect of trade debtor accounts arising through normal business transactions (whether or not yet due and payable);
Trade Debts means amounts owing by way of trade credit in the ordinary course of trading as a result of goods or services supplied; Transaction means, collectively, the transactions contemplated pursuant to this agreement; Transaction Documents means this agreement, the Disclosure Letter, the Tax Deed, the Shareholders’ Agreement, the RoW Articles, the US JVCo LPA, the US GPCo Articles, the Transitional Services Agreements, the Equity Commitment Letter, the French Put Option Letter and the Dutch Put Option Letter; Transferring Registered IP has the meaning given to it in clause 23.28; Transitional Services Agreements means:
Trade Debts means all amounts owing to a Seller under the Contracts as at Completion (whether or not invoiced and whether or not due and payable at that time) and "TRADE DEBT" means any of those amounts;