Customer Debts definition

Customer Debts means the debts and liabilities that the Customer has incurred or may incur with CIBC including, among other things, those in respect of dealings between the Customer and CIBC, as well as any other dealings by which the Customer may become indebted or liable to CIBC in any manner whatever;
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Customer Debts means the debts and liabilities that the Customer has incurred or may incur with Simplii Financial including, among other things, those in respect of dealings between the Customer and Simplii Financial, as well as any other dealings by which the Customer may become indebted or liable to Simplii Financial in any manner whatever;
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Examples of Customer Debts in a sentence

  • This Guarantee is a guarantee of the final unpaid balance of all the Customer Debts.

  • However, you will still continue to be responsible under this Guarantee for all Customer Debts incurred before we receive the letter and any additional Customer Debts incurred during the 30 days after we receive the letter.

  • If this Guarantee covers more than one Customer Debt, we have the right to apply the amounts that you pay under this Guarantee to any of those Customer Debts in whatever order or amounts that we choose.

  • You also agree to accept as conclusive any subsequent statement we make to you of the amount of the Customer Debts at that time.

  • If we have not settled the account before we demand payment under this Guarantee, you agree to accept as conclusive our statement to you of the amount of the Customer Debts that the Customer owes us on the date we demand payment from you.

  • You may terminate your obligation to pay the Customer Debts under this Guarantee by sending us a letter telling us that you will no longer be responsible for any further Customer Debts that the Customer incurs.

  • If you have given us another guarantee or other security for the Customer Debts, you agree that this Guarantee is additional security and is not given as a substitute for any other guarantee or security.

  • If there are other guarantees of the Customer Debts or we have security that provides collateral for them, we do not have to demand payment from the other guarantors or go against the security before we can demand payment of the Guaranteed Amounts from you.

  • In addition, even if we receive payments from the Customer or proceeds from selling collateral that we have for the Customer Debts or payments out of the Customer’s assets divided among creditors if the Customer goes bankrupt, none of these will reduce your obligations under this Guarantee until all the Customer Debts have been fully and finally paid.

  • We can demand payment of the Guaranteed Amounts from you at any time even if we have not tried to get the Customer to pay the Customer Debts.

Related to Customer Debts

  • Bad debts means amounts considered to be uncollectible from

  • Trade Payables means, with respect to any Person, any accounts payable or any other indebtedness or monetary obligation to trade creditors created, assumed or Guaranteed by such Person or any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition of goods or services.

  • Customer Default shall have the meaning set forth in Section 11.1.

  • Privacy Obligations has the meaning specified in Section 4.22(a).

  • Customer Group means, collectively, Customer, its parents and Affiliates, its Agents, and its and their respective managing members, general and limited partners, officers, directors, employees, and other representatives.

  • Customer Assets means the Customer’s infrastructure, data, software, materials, assets, equipment or other property owned by and/or licensed or leased to the Customer and which is or may be used in connection with the provision of the Services;

  • Customer Data means any content, materials, data and information that Authorized Users enter into the production system of a Cloud Service or that Customer derives from its use of and stores in the Cloud Service (e.g. Customer-specific reports). Customer Data and its derivatives will not include SAP’s Confidential Information.

  • Hedging Liabilities means the Liabilities owed by any Debtor to the Hedge Counterparties under or in connection with the Hedging Agreements.

  • Customer Deposits means deposits made by customers with respect to the purchase of goods or the performance of services.

  • Customer Affiliate means an entity that owns or controls, is owned or controlled by or is or under common control or ownership with Customer, where control is defined as the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of an entity, whether through ownership of voting securities, by contract or otherwise;

  • Subordinated Liabilities means liabilities subordinated to the Borrower’s obligations to the Bank in a manner acceptable to the Bank in its sole discretion.

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

  • Guaranteed Liabilities means: (a) each Borrower’s prompt payment in full, when due or declared due and at all such times, of all Obligations and all other amounts pursuant to the terms of the Credit Agreement, the Notes, and all other Loan Documents heretofore, now or at any time or times hereafter owing, arising, due or payable from any Borrower to any one or more of the Secured Parties, including principal, interest, and fees (including fees and expenses of counsel); (b) each Loan Party’s prompt, full and faithful performance, observance and discharge of each and every agreement, undertaking, covenant and provision to be performed, observed or discharged by such Loan Party under the Credit Agreement, the Notes and all other Loan Documents; and (c) the prompt payment in full by each Loan Party, when due or declared due and at all such times, of obligations and liabilities now or hereafter arising under Secured Cash Management Agreements and Secured Hedge Agreements; provided, however, that the Guaranteed Liabilities shall not include any Excluded Swap Obligations. The Guarantors’ obligations to the Secured Parties under this Guaranty Agreement are hereinafter collectively referred to as the “Guarantors’ Obligations” and, with respect to each Guarantor individually, the “Guarantor’s Obligations”. Notwithstanding the foregoing, the liability of each Guarantor individually with respect to its Guarantor’s Obligations shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law. Each Guarantor agrees that it is jointly and severally, directly and primarily liable (subject to the limitation in the immediately preceding sentence) for the Guaranteed Liabilities. Certain of the Guarantors’ Obligations are secured by various Security Instruments referred to in the Credit Agreement, including without limitation the Security Agreement. For purposes of this Guaranty Agreement, the following terms have the following definitions:

  • Customer Contracts means any Contracts pursuant to which the Company has provided or will provide products or services in connection with the Business.

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • Covered Liabilities as defined in Subsection 11.21.

  • Customer Lists We hereby agree that we shall not use any list of your customers which may be obtained in connection with this Agreement for the purpose of solicitation of any product or service without your express written consent. However, nothing in this paragraph or otherwise shall be deemed to prohibit or restrict us or our affiliates in any way from solicitations of any product or service directed at, without limitation, the general public, any segment thereof, or any specific individual, provided such solicitation is not based upon such list. 9.

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Payables Liabilities of a party arising from the borrowing of money or the incurring of obligations for services, merchandise or goods purchased.

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • electronically signed contract means a contract that is executed by applying an electronic signature using technology approved by the Parties. //Signatures on following page

  • Product Liabilities means all claims, Liabilities and Proceedings related to or arising from actual or alleged harm, injury, damage or death to persons, animals, property or business, irrespective of the legal theory asserted, and resulting from or alleged to result from the use, sale or manufacture of the Products.

  • Customer Contract means any written contract or agreement (other than trade contracts) between Seller and any of its customers (or under which Seller has rights) which has been entered into and signed by the parties thereto in connection with the publication of the Directories and corresponding provision of Directory Services.

  • Liquidated Contract means any defaulted Contract as to which the Servicer has determined that all amounts which it expects to recover from or on account of such Contract have been recovered; provided that any defaulted Contract in respect of which the related Manufactured Home and, in the case of Land-and-Home Contracts, Mortgaged Property, have been realized upon and disposed of and the proceeds of such disposition have been received shall be deemed to be a Liquidated Contract.

  • Customer Facility means Generation Facilities or Merchant Transmission Facilities interconnected with or added to the Transmission System pursuant to an Interconnection Request under Subpart A of Tariff, Part IV. Customer Interconnection Facilities:

  • Hedge Liabilities shall have the meaning provided in the definition of “Lender-Provided Interest Rate Hedge”.