Business debt definition

Business debt means a bona fide loan or debt made for a business purpose that both parties intended be repaid.
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Business debt means a debt the proceeds of which are used to incur a business expense which is deductible under Division IV of Part IV of Chapter II or to acquire a business asset;
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Business debt means the obligation arising from a credit transaction between business or commercial enterprises for goods or services used or to be used primarily in a commercial or business enterprise and not for personal, family or household purposes;
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Examples of Business debt in a sentence

  • Business debt is not included.Debt collectors may not 1) harass, oppress, or abuse the debtor or any third parties they contact.

  • Funds maintained in certain accounts are restricted for State tax payments, operating expenses of the Liquor Business, debt service, and Supplemental Payments.

  • Business debt means only those debts for which the business was used as collateral.

  • Funds maintained in certain accounts are restricted for State tax payments, operating expenses of the Liquor Business, debt service, costs of bond issuance, and Supplemental Payments.

  • Business debt of R654,4 million is subjected to litigation and has been handed over to the Council’spanel of attorneys.Residential debt amounting to approximately R1,013 billion includes properties valued at less than R250 000 that qualify in terms of the Debt Relief Programme and individual properties in the Ingonyama Trust area amounting to approximately R74 million.


More Definitions of Business debt

Business debt means a bona fide loan or debt made for a business purpose that both
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Business debt means any Indebtedness of any Purchased Company (or any Subsidiary thereof), provided, however, that Business Debt shall not include (i) the Credit Facilities, (ii) the Earth Tech Intercompany Debt, (iii) Indebtedness incurred in the Ordinary Course for the trade of goods or services to the extent treated as current Liabilities for purposes of the Closing Working Capital calculation, (iv) any Indebtedness permitted to be incurred between signing and Closing in accordance with Section 8.1 or (v) any Letter of Credit, Bank Guarantee, Surety Bond or other guaranty set forth on Schedule 5.13(b).
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Business debt means a debt incurred for the purpose of carrying on an enterprise or business conducted by a company or an MSME, whether by way of finance to fund its operations or capital requirements, for the supply of goods and services to the business, or otherwise;
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Business debt means any Indebtedness of the Target Company or Target Subsidiaries or otherwise related to the Business that remains unsatisfied as of the Reference Time.
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Business debt shall not include trade payables incurred in the ordinary course of the Company’s business.
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Business debt means a bona fide loan or debt made for
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Business debt means (a) any indebtedness for borrowed money;(b) obligations for the deferred purchase price of property or services (c) other indebtedness that is evidenced by a note, bond, debenture or similar instrument; (d) obligations with respect to any letters of credit, bankers’ acceptances, surety bonds, interest rate swap agreements, foreign currency exchange contracts or other hedging agreements; (e) any guaranty of the type of obligations described in (a)-(d) above; and (f) all accrued or accrued and unpaid interest, fees, premiums, penalties and/or other amounts that would arise or become due in respect of any of the foregoing. For purposes of this Agreement, “Business Debt” shall not include trade payables incurred in the ordinary course of the Company’s business.
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