Balance Owing definition

Balance Owing means, for a particular Account/ Product, at any time, the difference between all amounts credited and all amounts debited to the Customer in connection with that Account/ Product at that time. When this amount is to be calculated for the end of a day, it includes all debits and credits assigned to that day.

Balance Owing means the difference, if any, between the Holdback Amount and the Deduction;

Balance Owing means, (a) as of the Closing Date, any amounts Seller owes to Purchaser, including (i) all outstanding payments for services provided by Purchaser to Seller prior to the Closing, and (ii) an amount equal to all amounts paid by Existing End-Users to Seller prior to the Closing for web hosting services not delivered by Seller prior to the Closing, that Purchaser shall be obligated to provide following the Closing, and (b) for all dates following the Closing Date, the amount referred to in item (a) above, as reduced in each Payment Month by an amount equal to (i) the Continuing End-User Revenue for such Payment Month, multiplied by (ii) 50% minus the Purchase Price Payment Percentage.

Examples of Balance Owing in a sentence

• We may subsequently adjust debits and credits to the Account and the Balance Owing On The Account so as to accurately reflect the legal obligations of you and us (for example, because of an error or because a cheque is dishonoured).

• DEBTS Debt Particulars Date Incurred Balance Owing Monthly Payment 1.

• If, at any time, your Credit Limit has been exceeded (that is, the Balance Owing On The Account is more than the Credit Limit), you: • may be charged an Overlimit Fee for this service, and • must immediately repay us the amount by which your Credit Limit has been exceeded.

• In certain circumstances, we may permit you to temporarily exceed (that is, allow the Balance Owing On The Account to be higher than) your Credit Limit.

• Interest charges are calculated daily by applying the daily rate to the Balance Owing on your Loan Account.

• Once interest charges are debited they become part of the Balance Owing.

• If You sell the goods or property to which the goods purchased with the Account have been installed or attached to, You are still required to continue to make repayments to Us and to pay any related fees and charges until the Balance Owing is paid in full, even in the event You are no longer in possession of those goods.

• In such circumstances, if you are in Default, the Balance Owing becomes immediately due for payment without notice.

• You must pay us interest charges for each day on the Balance Owing on your Loan Account for the end of that day.

• You are responsible for paying the closing Balance Owing On The Account shown on a Statement but you need not pay the entire Closing Balance each month.

More Definitions of Balance Owing

Balance Owing means: (i) in relation to a Loan Account or a Facility Component, any debit balance resulting from all amounts debited and all amounts credited to it;

Balance Owing for a particular facility means, at any time, the difference between all amounts credited and all amounts debited to you in connection with that facility at that time. When this amount is to be calculated for the end of a day, it includes all debits and credits assigned to that day.

Balance Owing means the difference between all amounts credited and all amounts debited to a card account.

Balance Owing means the difference between all amounts that have been credited and all amounts that have been debited to your Loan Account at the time of the calculation.