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.

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, the 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.