Trade Credit Insurance means a transaction to provide conventional or Shariah compliant insurance or reinsurance to any person in relation to risks associated with international trade or a trade investment;
Trade Credit Insurance an insurance policy and risk management product that assists in the management and mitigation of risk to us. The insurance policy is an agreement made between us and the Trade Credit Insurer;
Trade Credit Insurance means trade credit insurance in such amounts, with such deductibles and with such insurers as are customarily used by companies operating in the same industry as Borrower or which Borrower has historically used (and which is acceptable to Lender). The Trade Credit Insurance shall, at a minimum, insure ninety percent (90%) of the face amount of each insured Account.
Examples of Trade Credit Insurance in a sentence
A Trade Credit Insurance Program is in place with Coface and is already used by all the sites in scope of this policy.
More Definitions of Trade Credit Insurance
Trade Credit Insurance means insurance that the Client has obtained covering the repayment of trade credit. Trade Credit Insurance Claim means an insurance claim made pursuant to the Trade Credit Insurance Policy.
Trade Credit Insurance means insurance of suppliers against the risk of non- payment of goods or services by their buyers who may be situated in the same country as the supplier (domestic risk) or a buyer situated in another country (export risk) against non-payment as a result of insolvency of the buyer or non-payment after an agreed number of months after due-date (protracted default) or non-payment following an event outside the control of the buyer or the seller (political risk cover). Political risk cover is available only in case of buyers outside India and in countries agreed upon at the proposal stage.
Trade Credit Insurance means, with respect to Eligible Wholesale Receivables or Eligible Wholesale Foreign Receivables, trade credit insurance on terms and with insurers acceptable to the Administrative Agent in its sole discretion. Without limiting the generality of the foregoing, unless agreed to in writing by the Required Lenders in their sole discretion, such trade credit insurance shall only be acceptable to the Administrative Agent if [(a) ]the Administrative Agent shall have received (i) a true, correct and complete [original] copy of the policy of insurance (including all endorsements, amendments and modifications thereto including those following the Amendment No. 2 Effective Date) in respect thereof and (ii[) an assignment thereof pursuant to a collateral assignment agreement in form and substance satisfactory to the Administrative Agent and (iii]) a loss payable endorsement thereto, in each case, in form and substance satisfactory to the Administrative Agent[ and (b) the Administrative Agent shall have a duly attached and perfected first priority Lien under New York law and under the law of each other jurisdiction governing the attachment, perfection or effect of perfection or non-perfection or the priority of the Administrative Agent’s Lien on such policy of insurance].
Trade Credit Insurance means, with respect to Eligible Wholesale Receivables, trade credit insurance on terms and with insurers acceptable to the Administrative Agent in its sole discretion. Without limiting the generality of the foregoing, unless agreed to in writing by the Administrative Agent in its sole discretion, such trade credit insurance shall only be acceptable to the Administrative Agent if the Administrative Agent shall have received (i) a true, correct and complete copy of the policy of insurance in respect thereof and (ii) a loss payable endorsement thereto, in each case, in form and substance satisfactory to the Administrative Agent.
Trade Credit Insurance means, with respect to Eligible Wholesale Receivables or Eligible Wholesale Foreign Receivables, trade credit insurance on terms and with insurers acceptable to the Administrative Agent in its sole discretion. Without limiting the generality of the foregoing, unless agreed to in writing by the Required Lenders in their sole discretion, such trade credit insurance shall only be acceptable to the Administrative Agent if (a) the Administrative Agent shall have received (i) a true, correct and complete original of the policy of insurance (including all endorsements, amendments and modifications thereto including those following the Amendment No. 2 Effective Date) in respect thereof and (ii) an assignment thereof pursuant to a collateral assignment agreement in form and substance satisfactory to the Administrative Agent and (iii) a loss payable endorsement thereto, in each case, in form and substance satisfactory to the Administrative Agent and (b) the Administrative Agent shall have a duly attached and perfected first priority Lien under New York law and under the law of each other jurisdiction governing the attachment, perfection or effect of perfection or non-perfection or the priority of the Administrative Agent's Lien on such policy of insurance.