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).