Trade Credit definition
Examples of Trade Credit in a sentence
For the avoidance of doubt, B▇▇▇▇▇▇▇ will receive no benefit or ownership of any incremental tokens with respect to any portion of the Authorized Amount that is not associated with a Trade Credit.
For the avoidance of doubt, ▇▇▇▇▇▇▇▇ will receive no benefit or ownership of any incremental tokens with respect to any portion of the Authorized Amount that is not associated with a Trade Credit.
To the extent that such Approved Debtors are not entitled to receive any such Trade Credit Amounts, or in the event that any such Approved Debtors are entitled to receive such Trade Credit Amounts but elect not to apply the corresponding Trade Credit Amount to the reduction of any payment made on a Purchased Receivable, and the Collections with respect to such Purchased Receivable include any such corresponding Trade Credit Amount, the amount thereof shall be attributable to and paid to the Company.
The Buyer confirms that it is aware and agrees that the amount of the Trade Credit Limit during the term of the Contract may change and assumes all the risks associated with it.
THIS AMENDMENT TO AMENDED AND RESTATED CO-BRANDED MASTERCARD CARD PROGRAM AGREEMENT (this “Amendment”), effective as of December 30, 2013, is made by and between Greensky Trade Credit, LLC, a Georgia limited liability company (“Greensky”), and Comdata Inc., a Delaware corporation and successor in interest to Comdata Network, Inc., a Maryland corporation (“Comdata”).
THIS THIRD AMENDMENT TO AMENDED AND RESTATED CO-BRANDED MASTERCARD CARD PROGRAM AGREEMENT (this “Amendment”), effective as of March 3, 2016, is made by and between Greensky Trade Credit, LLC, a Georgia limited liability company (“Greensky”), and Comdata Inc., a Delaware corporation and successor in interest to Comdata Network, Inc., a Maryland corporation (“Comdata”).
This obligation of the Buyer to pay the part of the Price of the Goods exceeding the amount of the Trade Credit Limit must be fulfilled regardless of whether the Parties have agreed in the Order regarding the extended payment terms for the Goods (the Seller’s claim in this case shall have priority).
For example, if during the term of the Contract the amount of the Trade Credit Limit decreases and the Seller notifies the Buyer by e-mail thereof (Clause 13.1 of the General Terms and Conditions), the Buyer undertakes to pay the part of the Price of the Goods exceeding the amount of the Trade Credit Limit immediately, but no later than within 3 (three) days from the date when the Seller makes such a claim to the Buyer by e-mail .
A Trade Credit Insurance Program is in place with Coface and is already used by all the sites in scope of this policy.
Notwithstanding anything herein to the contrary, this CTF Agreement does not apply to Delayed Settlement OTC Orders and no Trade Credit or other financing shall be extended in connection therewith.