Common use of Uncovered Amount Clause in Contracts

Uncovered Amount. You shall keep for your own account any portion of the Debt excluded from cover under article 1.2 above or for which no indemnification is due by Us pursuant to article 3.2.1 below. Such portion may not be insured or covered separately by any third party, except with our prior written consent. Definitions Contract: the credit-insurance contract concluded between the legal entities identified herein as Contracting Parties and which includes these General Terms, the Special Terms, the Questionnaire and any additional document listed in the Special Terms. Credit Decision : decision which is set pursuant to the Special Terms and determines the maximum covered amount of your Outstanding in respect of a given Buyer, if any. / ARTICLE 3 : INDEMNIFICATION

Uncovered Amount. You shall keep for your own account any portion of the Debt excluded from cover under article 1.2 above or for which no indemnification is due by Us pursuant to article 3.2.1 below. Such portion may not be insured or covered separately by any third party, except with our prior written consent. Definitions Contract: the credit-insurance contract concluded between the legal entities identified herein as Contracting Parties and which includes these General Terms, the Special Terms, the Questionnaire and any additional document listed in the Special Terms. Credit Decision : decision which is set pursuant to the Special Terms and determines the maximum covered amount of your Outstanding in respect of a given Buyer, if any. Definitions / ARTICLE 3 : INDEMNIFICATION