Common use of Credit Limit Withdrawal Clause in Contracts

Credit Limit Withdrawal. Suspension Notice IBM GF shall provide the Supplier as soon as practicable with written notice (to the address specified in Schedule B) if IBM GF at any time withdraws or suspends its Credit Limit or Credit Availability for any Buyer (so that such Credit Limit and Credit Availability are zero). Any shipment made by the Supplier to the Buyer on any day after the date of receipt of such notice shall be at the risk of the Supplier and IBM GF shall not be obligated to purchase the relevant Receivable.

Credit Limit Withdrawal. Suspension Notice IBM GF shall provide the Supplier as soon as practicable with written notice (which may be via facsimile or to the address specified in Schedule B) if IBM GF at any time withdraws or suspends its Credit Limit or Credit Availability for any Buyer (so that such Credit Limit and Credit Availability are zero). Any shipment made by the Supplier to the Buyer on any day after the date of receipt of such notice shall be at the risk of the Supplier and IBM GF shall not be obligated to purchase the relevant Receivable.”