Not a Foreign Receivable Clause Samples
Not a Foreign Receivable. The Customer has its principal place of business in the United States of America or the account is secured by either (i) a letter of credit in form satisfactory to Lender issued or confirmed by a United States of America bank satisfactory to Lender, or (ii) foreign credit insurance in form and substance satisfactory to Lender and assigned to Lender on terms satisfactory to Lender.
Not a Foreign Receivable. The Customer has its principal place of business in the United States or Canada, or such account is secured by a transferable irrevocable letter of credit issued or confirmed by a United States bank reasonably satisfactory to Bank.