Common use of FINANCIAL GUARANTEES Clause in Contracts

FINANCIAL GUARANTEES. All the orders which the company LABORATOIRES XXXXXXX agrees to carry out are it taking into account the fact that the professional purchaser presents the sufficient financial guarantees and that it will effectively regulate the sums due to their expiry, in accordance with the legislation. Also, if the company LABORATOIRES XXXXXXX has serious or particular reasons to fear difficulties of payment on behalf of the professional purchaser at the date of the order or after this one, or if the professional purchaser does not present the same guarantees as at the date of acceptance of the order, the company LABORATOIRES XXXXXXX can subordinate the acceptance of the order or the continuation of its execution to the provision, by the professional purchaser, of guarantees in the profit of the company LABORATOIRES XXXXXXX or to a payment before forwarding. The company LABORATOIRES XXXXXXX will also have the faculty, before the acceptance of any order, as during the execution, to require from the professional purchaser communication of its accounting documents, and in particular of the profit and loss accounts, even provisional, allowing the company LABORATOIRES XXXXXXX to appreciate its solvency. In case of refusal by the professional purchaser of the payment before expedition, or without any sufficient guarantee being proposed by this last one, the company LABORATOIRES XXXXXXX can refuse to honour the order(s) placed and to deliver the concerned products, without the professional purchaser being able to argue of an unjustified refusal of sale or to claim any compensation.

FINANCIAL GUARANTEES. All the orders which the company LABORATOIRES XXXXXXX Loubsol agrees to carry out are it taking into account the fact that the professional purchaser presents the sufficient financial guarantees and that it will effectively regulate the sums due to their expiry, in accordance with the French legislation. Also, if the company LABORATOIRES XXXXXXX Loubsol has serious or particular reasons to fear difficulties of payment on behalf of the professional purchaser at the date of the order or after this one, or if the professional purchaser does not present the same guarantees as at the date of acceptance of the order, the company LABORATOIRES XXXXXXX Loubsol can subordinate the acceptance of the order or the continuation of its execution to the provision, by the professional purchaser, of guarantees in the profit of the company LABORATOIRES XXXXXXX Loubsol or to a payment before forwardingshipment. The company LABORATOIRES XXXXXXX Loubsol will also have the faculty, before the acceptance of any order, as like during the execution, to require from of the professional purchaser communication of its accounting documents, and in particular of the profit and loss accountsaccounts of result, even provisional, allowing the company LABORATOIRES XXXXXXX it to appreciate its solvency. In case of refusal by the professional purchaser of the payment before expeditionshipment, or without any sufficient guarantee being proposed by this last one, the company LABORATOIRES XXXXXXX can Loubsol will be able to refuse to honour the order(s) placed and/or accepted and to deliver the concerned productsgoods concerned, without the professional purchaser being able to argue of an unjustified refusal of sale or to claim any compensation.