Non-Notifiable Debt definition
Non-Notifiable Debt means any monetary claim on or obligation of a Debtor to make payment under a Sale Contract (including tax or duty) present, future or contingent which:
Non-Notifiable Debt any Debt which:
Non-Notifiable Debt means a Debt, owned by us under this Agreement, which must not be Notified to us until we tell you, including specifically those referred to in sub-condition 6.1.7 and such other Debts as at any time we tell you about.
Examples of Non-Notifiable Debt in a sentence
Advance: a payment on account of the Purchase Price of each Debt, provided it is not an Unapproved Debt or a Non-Notifiable Debt, calculated by applying to it the Advance Percentage specified in the Business Finance Agreement.
In respect of each Debt coming into existence after the Commencement Date, you must include such Debt (other than a Non-Notifiable Debt unless otherwise required by us) on a Notification to be sent to us immediately each Contract of Sale has been completely performed.
Credit Protected Debt: if we have agreed to provide Credit Protection, each Debt due from a Debtor, not being an Unapproved Debt or a Non-Notifiable Debt, in respect of which we have established a Credit Limit.