Adverse Information and Potential Losses. Where the Insured has knowledge of any information or circumstance which indicates that the Buyer may not be able to perform or comply with their payment obligations to the Insured under a Contract of Sale, or circumstances which may reasonably be expected to result in a Loss, the Insured shall notify the Insurer in writing immediately upon becoming aware of this information or circumstance, irrespective of whether the Buyer is overdue in any payment obligation to the Insured.
Appears in 3 contracts
Samples: Insurance Policy, Trade Credit Insurance Agreement, Export and Commercial Perils Trade Credit Insurance (Shipments Policy)
Adverse Information and Potential Losses. Where the Insured has knowledge of any information or circumstance which indicates that the Buyer may not be able to perform or comply with their payment obligations to the Insured under a Contract of Sale, or circumstances which may reasonably be expected to result in a Loss, the Insured shall notify the Insurer in writing immediately as soon as reasonably possible upon becoming aware of this information or circumstance, irrespective of whether the Buyer is overdue in any payment obligation to the Insured.
Appears in 1 contract
Samples: Export and Commercial Perils Trade Credit Insurance (Shipments Policy)
