Common use of Credit Assurance Clause in Contracts

Credit Assurance. The Seller and the Buyer agree that the Seller has the right to request and the Buyer shall upon such request provide the Seller with sufficient financial means in due time in order to assure the Seller of full payment of the Buyers' current and/or expected payment obligations. 4.3.1 The Seller's right to request credit assurance from the Buyer shall be limited to the following cases: 4.3.1.1 The Seller has received purchase orders from the Buyer for Initial Provisioning Materiel. 4.3.1.2 The Seller has received purchase and/or service orders ***with the Seller. 4.3.1.3 The Buyer is indebted to the Seller for overdue invoices. 4.3.2 The Seller shall accept the following financial means as credit assurance: 4.3.2.1 Irrevocable and confirmed letter of credit, raised by banks of international standing and reputation. The conditions of such letter of credit shall be pertinent to Aircraft support activities and shall be set forth by the Seller. 4.3.2.2 Bank guarantee raised by banks of international standing and reputation. The conditions of such bank guarantee shall be mutually agreed upon prior to acceptance by the Seller. 4.3.2.3 Stand-by letter of credit raised by banks of international standing and reputation. The conditions of such letter of credit shall be mutually agreed upon prior to acceptance by the Seller.

Credit Assurance. The Seller and the Buyer agree that the Seller has the right to request and the Buyer shall upon such request provide the Seller with sufficient financial means in due time in order to assure the Seller of full payment of the Buyers' current and/or expected EXHIBIT "H" payment obligations. 4.3.1 The Seller's right to request credit assurance from the Buyer shall be limited to the following cases: 4.3.1.1 The Seller has received purchase orders from the Buyer for Initial Provisioning Materiel. 4.3.1.2 The Seller has received purchase and/or service orders ***exceeding the Buyer's average two (2) month turnover with the Seller. 4.3.1.3 The Buyer is indebted to the Seller for overdue invoices. 4.3.2 The Seller shall accept the following financial means as credit assurance: 4.3.2.1 Irrevocable and confirmed letter of credit, raised by banks of international standing and reputation. The conditions of such letter of credit shall be pertinent to Aircraft support activities and shall be set forth by the Seller. 4.3.2.2 Bank guarantee raised by banks of international standing and reputation. The conditions of such bank guarantee shall be mutually agreed upon prior to acceptance by the Seller. 4.3.2.3 Stand-by letter of credit raised by banks of international standing and reputation. The conditions of such letter of credit shall be mutually agreed upon prior to acceptance by the Seller.

Credit Assurance. The Seller and the Buyer agree that the Seller has the right to request and the Buyer shall upon such request provide the Seller with sufficient financial means in due time in order to assure the Seller of full payment of the Buyers' current and/or expected payment obligations.. EXHIBIT I 4.3.1 The Seller's Sellers' right to request credit assurance from the Buyer shall be limited to the following casescases : 4.3.1.1 The Seller has received purchase orders from the Buyer for Initial Provisioning Materiel. 4.3.1.2 The Seller has received purchase and/or service orders ***exceeding the Buyer's average [DELETED] month's turnover with the Seller. 4.3.1.3 The Buyer is indebted to the Seller for overdue invoices. 4.3.2 The Seller shall accept the following financial means as credit assuranceassurance : 4.3.2.1 Irrevocable and confirmed letter of credit, raised by banks of international standing and reputation. The conditions of such letter of credit shall be pertinent to Aircraft support activities and shall be set forth by the Seller. 4.3.2.2 Bank guarantee raised by banks of international standing and reputation. The conditions of such bank guarantee shall be mutually agreed upon prior to acceptance by the Seller. 4.3.2.3 Stand-by letter of credit raised by banks of international standing and reputation. The conditions of such letter of credit shall be mutually agreed upon prior to acceptance by the Seller.