Written Off definition

Written Off in relation to your Vehicle, means your insurance company or a qualified vehicle assessor has assessed the Vehicle to be a total loss, or assessed it to be uneconomical or unsafe to repair.

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Written Off in relation to a Vehicle means, without limitation, that the Owner, insurer or financier of the Vehicle has decided that the Vehicle has been so severely damaged, that it is no longer economic to repair.

Written Off means written off, extinguished or discharged.

Examples of Written Off in a sentence

• The Written Off Commodity shall be deemed to have no value, the Client shall have no entitlement to request Outturn of such Commodity and neither party will have any liability to the other party for the Written Off Commodity.

• Premium Written Off shall include any premium due Company which Company has charged off as uncollectible for the Profit Sharing Year.

• It allows you to query and view detailed Receivable information such as Total Billed, Total Written Off, Acceptance Date, and Closed Date.

• Where the Servicer determines that a Loan is a Written Off Loan, the Servicer shall notify the Seller and the Issuer in writing not later than the Monthly Pool Date following the Monthly Period in which such determination was made of the details of such Written Off Loan.

• The theft of the Insured Van where it remains unrecovered or an accident, fire or act of malicious damage involving the Insured Van which causes the Insured Van to be Written Off.

More Definitions of Written Off

Written Off shall have a corresponding meaning); and

Written Off means that, in respect of a Security or portion thereof, the rights of the relevant holder of the Security or portion thereof (including to payment of any Principal Amount, interest with respect to such Principal Amount and to be issued with MGL Ordinary Shares) in relation to such Security or portion thereof are immediately and irrevocably terminated for no consideration with effect on and from the Exchange Date; and “Write-Off” and “Writing- Off” have corresponding meanings.

Written Off means determined or deemed to be uncollectible by the Company.

Written Off means that, in respect of a Subordinated Note or portion thereof, the rights of the relevant holders of that Subordinated Note or portion thereof (including to payment of interest with respect to such Principal Amount, both in the future and as accrued but unpaid and to be issued with MGL Ordinary Shares) in relation to that Subordinated Note or portion thereof are immediately and irrevocably terminated for no consideration with effect on and from the Non-Viability Date, and “Write-Off” and “Writing-Off” have corresponding meanings.

Written Off means that, in respect of a Subordinated Debt Instrument, the rights of the relevant Subordinated Debt Instrument Holder (including to payment of interest, principal or otherwise, both in the future and as accrued but unpaid and to be issued with MGL Ordinary Shares) in relation to such Subordinated Debt Instrument are immediately and irrevocably terminated for no consideration with effect on and from the Non-Viability Date; and “Write- Off” and “Writing-Off” have corresponding meanings.

Written Off has the meaning given in clause 6.12 and Write Off has a corresponding meaning.

Written Off means an account that is 180 (one hundred and eighty) days or more past due, which has been written off the Standard Bank balance sheet.