Common use of MAXIMUM AMOUNT OF DISCRETIONARY ZONE Clause in Contracts

MAXIMUM AMOUNT OF DISCRETIONARY ZONE. [C_RIS_DRUL2_03_ST] If You ask Us to set a Credit Decision for a value above the maximum amount of your discretionary zone, except if you used a blind cover, and the Credit Decision is set by Us for an amount below the maximum amount of your discretionary zone but is not a Refusal, You shall then be covered up to the maximum amount of your discretionary zone in accordance with the conditions of your discretionary zone provided You withdraw the Credit Decision in the online system within [10 days] from our Credit Decision notice. No withdrawal of Credit Decision by You in the online system within the abovementioned period, will be understood as your decision to waive your right to use your discretionary zone and to cover the respective Buyer in the frame of Credit Decision granted by Us.

Appears in 4 contracts

Samples: Tradeliner Contract, www.cholainsurance.com, www.cholainsurance.com

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