Book Debts definition

Book Debts as defined in the UK Security Agreements.

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Book Debts means the net amount of all trade and other debts and amounts owing to the Company at the Completion Date in respect of the Business (whether or not invoiced).

Book Debts means the total amount of the outstanding debit balances in customers credit accounts including hire purchase and credit sales accounts at the date of the Damage adjusted for bad debts.

Examples of Book Debts in a sentence

All money or any other form of payment received by you in payment of any Book Debts shall be received and held by you in trust for us.
COLLATERAL ALL ASSETS AND UNDERTAKINGS - all of your present and after The property over which you have granted us a security acquired personal property and undertakings including without interest, and the Book Debts assigned to us, together with limitation, Inventory, All Equipment, Specified Goods, the Proceeds, are herein called the "Collateral".
A Receiver may, collect in, sell and assign all or any of the Book Debts in respect of which he is appointed in any manner, and generally on any terms and conditions, that he thinks fit.
Book Debts that are disputed by the Protected Debtor in writing shall not be reported, unless the unpaid disputed amount is more than ten percent (10%) of the Protected Debtor Limit.
Each Chargor shall collect and realise its Book Debts and other monies and receipts and, save to the extent that Burdale otherwise agrees in writing, pay the proceeds thus realised into a Blocked Account (in the case of each Facility Company) or an Other Account (in the case of any other Chargor) and, pending such payment into a Blocked Account or Other Account (as the case may be), hold the proceeds thus realised upon trust for Burdale.

More Definitions of Book Debts

Book Debts means all present and future book and other debts, and monetary claims due or owing to the Borrower, and the benefit of all security, guarantees and other rights of any nature enjoyed or held by the Borrower in relation to any of them;

Book Debts of the Chargor means all book and other debts of any nature, and all other rights to receive money (excluding Bank Accounts), now or in the future due, owing or payable to it and the benefit of all related negotiable instruments, rights, Security, guarantees and indemnities of any kind.

Book Debts means the trade debts owed to the Vendor at the Effective Time in connection with the Business

Book Debts means any trade debts and other receivables owed to a Seller in respect of the Business at the Calculation Time as notified by the Sellers’ Representative to the Buyer in accordance with clause 5.2(b)(viii).

Book Debts means all book and other debts, revenues and claims both present and future (including things in action) which may give rise to a debt, revenue or claim due or owing or which may become due or owing to the Assignor under, or by virtue of, the Assigned Agreements or in connection with the rights of the Assignor evidenced by them and the present and future rights, titles, benefits and interests of the Assignor to, or in, them together with all rights and remedies relating to, or for enforcing, the Assigned Agreements including but not limited to all reservation of proprietary rights, rights of tracing and all other rights and remedies of whatsoever nature now or hereafter held by the Assignor in respect of all or any of the foregoing and all moneys from time to time becoming due or owing thereunder or in connection therewith.

Book Debts means, in relation to [the/a] Chargor, all of its book debts or other debt, revenue or claim.

Book Debts means the debts owed to BOC Limited in respect of the Business as at the Effective Date;