Charged Debts definition

Charged Debts means all debts whether actual or contingent at any time owing to the Grantor together with all books or documents of account or records evidencing or recording such debts.
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Charged Debts means the book and other debts and liabilities hereby charged as more particularly referred to in Clause 3.1(B)(ii);
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Charged Debts means the assets and choses in action referred to in paragraph (a)(i) of Clause 3.1 (Charge).
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Examples of Charged Debts in a sentence

  • To the extent that any of the Non PPSA Property consists of Charged Debts or Debt Proceeds, the charge will operate as a floating charge in respect of that property until an Event of Default occurs.

  • Charged Debts means all debts whether actual or contingent at any time owing to the Grantor together with all books or documents of account or records evidencing or recording such debts.Compensation Amounts means amounts payable by the Grantor to the Secured Party under clauses [3.5(b)] and [3.6(b)] of the Extension Infrastructure Sub-Lease.

  • Charged Debts means all debts whether actual or contingent at any time owing to the Grantor together with all books or documents of account or records evidencing or recording such debts.

  • Charged Debts means, in relation to a Chargor, all book debts and other debts, actual or contingent, at any time owing to a Chargor, together with all books or documents of account or records evidencing or recording such debts (including the Insurances).

  • The Chargor shall at all times during the continuance of the security constituted by or pursuant to this Mortgage Debenture get in and realise and pay into a designated account in the name of the Chargor with such bank as the Bank may stipulate all monies which the Chargor may receive in respect of the Charged Debts, and if its authority to do so is terminated by the Bank giving notice following an Event of Default under either of the Loan Agreements, shall not draw money from such account.

  • To the extent that any of the property referred to in paragraph (a) consists of Charged Debts, Debt Proceeds or inventory, the charge will operate as a floating charge in respect of that property until either the State gives notice to the relevant Grantor fixing the charge or a Default occurs.

  • Debt Proceeds means the proceeds of realisation of the Charged Debts.

  • Deal with or enter into any agreement, arrangement or course of dealing to hold to the account of or on trust for any person, or permit any set off or combination of accounts in connection with, any Charged Debts.


More Definitions of Charged Debts

Charged Debts the assets and choses in action referred to in Clause 2.2(a)(i);
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Charged Debts means, in relation to a Chargor, all book debts and other debts, actual or contingent, at any time owing to the Chargor, together with all books or documents of account or records evidencing or recording such debts (including, without limitation, the Insurances) but excluding the debt owed to a Chargor in respect of the deposits referred to in paragraph 14.4(a) of the Concession Deed and rights in respect of those deposits.
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Related to Charged Debts

  • Charged Assets means the assets over which Security is expressed to be created pursuant to any Security Document.

  • Charged Property means all of the assets which from time to time are, or are expressed to be, the subject of the Transaction Security.

  • Charged-Off Receivable means a Receivable: (i) as to which the Obligor thereof has taken any action, or suffered any event to occur, of the type described in Section 9.1(d) (as if references to Seller Party therein refer to such Obligor); (ii) as to which the Obligor thereof, if a natural person, is deceased, (iii) which, consistent with the Credit and Collection Policy, would be written off Seller’s books as uncollectible or (iv) which has been identified by Seller as uncollectible.

  • Bad debts means amounts considered to be uncollectible from

  • Secured Debts shall refer to any and all direct or indirect losses and loss of projectable benefits as may be suffered by the Pledgee as a result of any Event of Default (as defined below) of the Pledgor and/or the Domestic Company; and all costs as may be incurred by the Pledgee in connection with its enforcement of the performance of the Contractual Obligations by the Pledgor and/or the Domestic Company and the costs of realization of the Pledge.

  • Enlarged Group means the CareTech Group as enlarged by the Cambian Group following Completion

  • Charged-Off Loan means any Loan (i) that is 120 days past due with respect to any interest or principal payment, (ii) for which an Insolvency Event has occurred with respect to the related Obligor or (iii) that is or should be written off as uncollectible by the Servicer in accordance with the Credit and Collection Policy.

  • Debts means all amounts owing by the Customer to the Company on any account whatsoever;

  • Material Debt Instrument means any physical instrument evidencing any Indebtedness for borrowed money which is required to be pledged and delivered to the Administrative Agent (or its bailee) pursuant to the Security Agreement.

  • Secured Liabilities means all liabilities which the Borrower, the Security Parties or any of them have, at the date of this Agreement or at any later time or times, under or by virtue of the Finance Documents or any judgment relating to the Finance Documents; and for this purpose, there shall be disregarded any total or partial discharge of these liabilities, or variation of their terms, which is effected by, or in connection with, any bankruptcy, liquidation, arrangement or other procedure under the insolvency laws of any country;

  • Pledged Debt Instruments means all right, title and interest of any Grantor in Instruments evidencing any Indebtedness owed to such Grantor, including all Indebtedness described on Schedule 2 (Pledged Collateral), issued by the obligors named therein.

  • Secured Recourse Indebtedness means all Indebtedness (including Guaranties of Secured Indebtedness) that is Secured Indebtedness and is not Nonrecourse Indebtedness.

  • Unmatured Event of Default means any event that, if it continues uncured, will, with lapse of time, notice or lapse of time and notice, constitute an Event of Default.

  • Demerged Undertaking means the Premium Brands Business of the Demerged Company and includes related assets, liabilities, rights and powers, on a going concern basis, representing an undertaking in compliance with Sec. 2(19AA) of the Income Tax Act, as on the Appointed Date, which shall be transferred and vested with the Resulting Company upon Demerger by the Demerged Company in terms of this Scheme. Without prejudice and limitation to the generality of the above, the Demerged Undertaking means and includes,:

  • Obligor on the indenture securities means the Issuer and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by Commission rule have the meaning assigned to them by such definitions.

  • Pledged Debt has the meaning specified in the Security Agreement.

  • Fair Valuation means the determination of the value of the consolidated assets of a Person on the basis of the amount which may be realized by a willing seller within a reasonable time through collection or sale of such assets at market value on a going concern basis to an interested buyer who is willing to purchase under ordinary selling conditions in an arm’s length transaction.

  • Reinsured Liabilities means the General Account Liabilities and the Separate Account Liabilities.

  • Classified Contract means a contract or subcontract between a legal entity or individual from the State of one Party and a legal entity or individual from the State of the other Party, the implementation of which requires access to Classified Information or its generation;

  • Insolvent pertaining to a condition of Insolvency.

  • Debtor means a person who is liable on a claim.

  • Qualified Contract A Contract that qualifies under the Code as an individual retirement annuity (“IRA”) or a Contract purchased under a Qualified Plan that qualifies for special tax treatment under the Code. Qualified Plan — A retirement plan that receives favorable tax treatment under Section 401, 403, 408, 408A or 457 of the Code. SEC — Securities and Exchange Commission.

  • Non-Recourse Indebtedness means Indebtedness the terms of which provide that the lender’s claim for repayment of such Indebtedness is limited solely to a claim against the property which secures such Indebtedness.

  • Borrowed Money means any obligation (excluding an obligation under a revolving credit arrangement for which there are no outstanding, unpaid drawings in respect of principal) for the payment or repayment of borrowed money (which term shall include, without limitation, deposits and reimbursement obligations arising from drawings pursuant to letters of credit);

  • Solvent and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.