Common use of Excluded Debts Clause in Contracts

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where You have not complied with any express condition which may be attached to the Credit Decision, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, or ix) sustained on interest for late payment or any penalties or damages. c) Our cover shall not apply to Debts arising from Deliveries: i) made after a Refusal or a Cancellation, ii) made to a Buyer in Default, iii) made to a Buyer for whom You have or should have notified Us Adverse Information, or iv) made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's country. e) Our cover shall not apply to any exchange rate losses.

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where You have not complied with any express condition which may be attached to the Credit Decision, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, or ix) sustained on interest for late payment or any penalties or damages.. Buyer: a legal entity which is legally responsible for paying a Debt due to You under a Sales Contract. Buyer in Default: a Buyer for whom You have or should have sent Us a Notification of Overdue Account. Definitions 4 c) Our cover shall not apply to Debts arising from Deliveries: i) made after a Refusal or a Cancellation, , ii) made to a Buyer in Default, , iii) made to with a Buyer for whom You have or should have notified Us Adverse InformationInfor- mation, or iv) made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's ’s country. e) Our cover shall not apply to any exchange rate losses.

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where You have not complied with any express condition which may be attached to the Credit Decision, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, orthe ix) sustained on interest for late payment or any penalties or damages. c) Our cover shall not apply to Debts arising from Deliveries: i) made after a Refusal or a Cancellation, ii) made to a Buyer in Default, iii) made to with a Buyer for whom You have or should have notified Us Adverse Information, or iv) made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's country. e) Our cover shall not apply to any exchange rate losses.

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is is: i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where You have not complied with any express condition which may be attached to the Credit Decision, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, orthe ix) sustained on interest for late payment or any penalties or damages. c) Our cover shall not apply to Debts arising from Deliveries: i) made after a Refusal or a Cancellation, ii) made to a Buyer in Default, iii) made to a Buyer for whom You have or should have notified Us Adverse Information, or iv) made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's country. e) Our cover shall not apply to any exchange rate losses.

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where You have not complied with any express condition which may be attached to the Credit Decision, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, or ix) sustained on interest for late payment or any penalties or damages. cdamages.c) Our cover shall not apply to Debts arising from Deliveries:: Definitions 4 Associated Company: any company which (i) is controlled directly or indirectly by You, or (ii) controls directly or indirectly You, or (iii) is controlled directly or indirectly by the same company as controls You, where “control” means significant influence by participation in the management, administration or capital.Buyer: a legal entity which is legally responsible for paying a Debt due to You under a Sales Contract. Buyer in Default: a Buyer for whom You have or should have sent Us a Notification of Overdue Account. i) made after a Refusal or a Cancellation, ii) made to a Buyer in Default, iii) made to with a Buyer for whom You have or should have notified Us Adverse InformationInfor- mation, or iv) made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's ’s country. e) Our cover shall not apply to any exchange rate losses.

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where You have not complied with any express condition which may be attached to the Credit Decision, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, or ix) sustained on interest for late payment or any penalties or damages. c) Our cover shall not apply to Debts arising from Deliveries: i) made after a Refusal or a Cancellation, , ii) made to a Buyer in Default, iii) made to with a Buyer for whom You have or should have notified Us Adverse InformationInfor- mation, or iv) made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's ’s country. e) Our cover shall not apply to any exchange rate losses.

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where You have not complied with any express condition which may be attached to the Credit Decision, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, or ix) sustained on interest for late payment or any penalties or damages. c) Our cover shall not apply to Debts arising from Deliveries: i) made after a Refusal or a Cancellation, ii) made to a Buyer in Default, iii) made to with a Buyer for whom You have or should have notified Us Adverse Information, or iv) made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's ’s country. e) Our cover shall not apply to any exchange rate losses.

Excluded Debts. a) Our cover shall not apply to Debts due by a the Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit DecisionLimit, vii) where You have not complied with any express condition which may be attached to the Credit DecisionLimit, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, or ix) which are sustained on interest for late payment or any penalties or damages. c) Our cover shall not apply to Debts arising from Deliveries: i) made after a Refusal or a Cancellation, ii) made to a the Buyer in Default, iii) made to a the Buyer for whom You have or should have notified Us Adverse Information, or iv) made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's country. e) Our cover shall not apply to any exchange rate losses.

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where You have not complied with any express condition which may be attached to the Credit Decision, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, or ix) sustained on interest for late payment or any penalties or damages. c) Our cover shall not apply to Debts arising from Deliveries: i) made after a Refusal or a Cancellation, , ii) made to a Buyer in Default, iii) made to a Buyer for whom You have or should have notified Us Adverse Information, or iv) made in violation of any applicable laws law or regulationsregulation. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's country. e) Our cover shall not apply to any exchange rate losses.

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where You have not complied with any express condition which may be attached to the Credit Decision, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, orthe ix) sustained on interest for late payment or any penalties or damages. c) Our cover shall not apply to Debts arising from Deliveries: i) made after a Refusal or a Cancellation, ii) made to a Buyer in Default, iii) made to with a Buyer for whom You have or should have notified Us Adverse Information, or iv) made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's ’s country. e) Our cover shall not apply to any exchange rate losses.

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where You have not complied with any express condition which may be attached to the Credit Decision, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, or ix) sustained on interest for late payment or any penalties or damages. c) Our cover shall not apply to Debts arising from Deliveries: i) made after a Refusal or a Cancellation, ii) made to a Buyer in Default, iii) made to with a Buyer for whom You have or should have notified Us Adverse Information, or iv) made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's country. e) Our cover shall not apply to any exchange rate losses.

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable before Delivery, ii) payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting from Cash Against Documents Sales, v) which are not required to be notified to Us pursuant to article 3.1.1.a) below, vi) which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where You have not complied with any express condition which may be attached to the Credit Decision, viii) where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, or ix) sustained on interest for late payment or any penalties or damages. c) Our cover shall not apply to Debts arising from Deliveries: i) made after a Refusal or a Cancellation, , ii) made to a Buyer in Default, iii) made to with a Buyer for whom You have or should have notified Us Adverse Information, or iv) made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's country. e) Our cover shall not apply to any exchange rate losses.Infor-

Excluded Debts. a) Our cover shall not apply to Debts due by a Buyer who is i) a Private Individual, ii) an Associated Company, iii) a Public Buyer, or iv) already subject to Insolvency on the date of Delivery. b) Our cover shall not apply to Debts: i) payable i. Payable before Delivery, ii) payable . Payable by irrevocable letter of credit confirmed by a bank registered in your country, iii) resulting . Resulting from sales of goods made on approval or on consignment, or of goods in bonded warehouse or exhibited at a trade fair, iv) resulting . Resulting from Cash Against Documents Sales, v) which , v. Which are not required to be notified to Us pursuant to article 3.1.1.a) below, , vi) which . Which are at the date indemnification is triggered by Us in excess of the Credit Decision, vii) where . Where You have not complied with any express condition which may be attached to the Credit Decision, , viii) where . Where a failure, by You or anyone acting on your behalf, to fulfill your obligations under the Sales Contract occurred, or ix) sustained . Sustained on interest for late payment or any penalties or damages. c) Our cover shall not apply to Debts arising from Deliveries: i) made i. Made after a Refusal or a Cancellation, , ii) made . Made to a Buyer in Default, iii) made . Made to a Buyer for whom You have or should have notified Us Adverse Information, or iv) made . Made in violation of any applicable laws or regulations. d) Our cover shall not apply to Debts which are subject to a Dispute; in such a case, our cover shall be suspended until the Dispute is resolved in your favour by arbitration or by a final court decision, binding on both parties and enforceable in the Buyer's country. e) Our cover shall not apply to any exchange rate losses.