Current Creditors definition
Current Creditors means creditors to whom the Seller does not owe more then Rupees Three Lakhs Fifty Thousand Only (Rs. 3,50,000/-) in aggregate.
Examples of Current Creditors in a sentence
As partial consideration for the full sale and assignment of the Licensed Patents and Technical Information to Conkwest, Klingemann shall receive a one time payment of Seventy-Five Thousand Dollars ($75,000.00), provided that such payment shall be subject to option iii of that certain Election by Current Creditors signed on June 3, 2009.