Maximum Extension Period definition

Maximum Extension Period means number of consecutive calendar days, specified in the Policy Schedule, from the original Due Date.

Maximum Extension Period means the maximum period specified in the Special Terms by which you can extend the Due Date and work with your Buyer to collect payment of an insured receivable. The Maximum Extension Period starts on the day after the Due Date.

Maximum Extension Period means the period specified in paragraph 20.7;

Examples of Maximum Extension Period in a sentence

• The month in which any notice is given pursuant to the immediately preceding sentence of this Section shall constitute the first month of the first quarter of the twenty (20) quarters, which comprise the Maximum Extension Period.

• The Insured shall notify the Insurer in writing of all debts overdue by more than the Maximum Extension Period as at the end of each month, by providing a report thereof within ten (10) working days of the end of each month.

• The Insured shall notify the Insurer in writing of all debts overdue by more than the Maximum Extension Period as at the end of each month, by providing a report thereof within fourteen (14) working days of the end of each month.

• In order to consider such an extension of the Due Date for a period not exceeding the Maximum Extension Period, you must make a positive assessment of the Protected Debtor’s continued creditworthiness and the reasons for such an extension must be noted on the file and such details sent to us.

• If any debt is unpaid after the Maximum Extension Period has expired you must not make any further deliveries to the Insured Customer unless the unpaid amount is the subject of a genuine and documented dispute.

• The Insured may allow a delay in payment of an Insured debt within the Maximum Extension Period after its original due date if circumstances arise justifying such a delay but only if a Notifiable Event has not occurred.

• You must provide a report within 20 days of the end of each calendar month showing, as at the month end, any undisputed amounts of more than the Overdue Reporting Minimum that are overdue from a buyer by more than the Maximum Extension Period.

• If you fail to comply with these credit control procedures any claim you make may be invalid In the event of an Insured Customer failing to pay you on the due date, you may extend the original due date by no more than the Maximum Extension Period specified on the Schedule.

• Following resolution of the dispute any amounts determined or agreed owing to the Insured, must be paid by the Insured Buyer within thirty (30) days of the date of such resolution or the expiry of the Maximum Extension Period whichever is the later.

• Maximum Extension Period Click here to enter the maximum number of days that the Call-Off Contract period can be extended by (not to exceed 25% of the initial Call-Off Contract period).

More Definitions of Maximum Extension Period

Maximum Extension Period means the maximum period specified in your Primary Policy by which you can extend the due date for payment of any receivable.

Maximum Extension Period means the number of consecutive calendar days from the original "due date" as specified in the Declarations.

Maximum Extension Period means the period specified as such in the Agreement. "Maximum Payment Terms" means the terms of payment specified as such in the Agreement. "Minimum Headroom" means the amount by which Availability exceeds Funds in Use. "Minimum Notice Period" means the period specified as such in the Agreement.

Maximum Extension Period means the maximum additional period of credit that the Insured may grant to the Buyer (at or prior to the original due date of payment) beyond the original due date without the Insurer’s prior approval, as specified in the Declarations

Maximum Extension Period means the maximum number of days, as specified in Item N. of the Declarations, that the Insured is allowed to extend the original Due Date for a Buyer, which extension may be utilized once per Policy Period per Buyer.

Maximum Extension Period means the period, if any, specified as such in the Customer Limit Advice [or a period of 60 days (whichever is shorter)];