Role of the Information Service Provider Clause Samples
The 'Role of the Information Service Provider' clause defines the responsibilities and scope of services that the information service provider is expected to deliver under the agreement. Typically, this clause outlines the types of information or data the provider will supply, the standards or methods for delivering such information, and any limitations on their obligations, such as not guaranteeing the accuracy or completeness of the data. By clearly delineating the provider's duties and boundaries, this clause helps manage expectations and allocates risk between the parties, reducing the likelihood of disputes over service performance or liability.
Role of the Information Service Provider. Upon your request for a Credit Decision with respect to a Buyer, the Buyer’s creditworthiness shall be assessed and monitored by the Information Service Provider, such assessment being a piece of information on which we base our Credit Decision.
Role of the Information Service Provider. Upon your request for a Credit Decision with respect to a Buyer, the Buyer’s credit- worthiness shall be assessed and monitored by the Information Service Provider, such Credit Decision : decision which is set pursuant to the Special Terms and determines the max- imum covered amount of your Outstanding in respect of a given Buyer, if any. Credit Limit: type of Credit Decision set by Us, as per article 2.1. of the Special Terms. Debt: amount of one or more invoices owed by the Buyer under a Sales Contract and which falls within the scope of our cover as defined in article 1.1.1 above. Collection Expenses: any justified and documented expenses incurred by You in accordance with this Contract in order to avoid or mitigate the loss and secure the payment of the Debts cov- ered by Us, including expenses related to pre-legal and legal collection of the covered Debts and actions related to the realisation of Securities. Any expenses incurred by You in connection with the settlement of any Dispute shall not be regarded as Collection Expenses. 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 Question- naire and any additional document listed in the Special Terms.
Role of the Information Service Provider. Upon your request for a Credit Decision with respect to a Buyer, the Buyer’s credit- worthiness shall be assessed and monitored by the Information Service Provider, such Definitions 6 assessment being a piece of information on which we base our Credit Decision. Collection Expenses: any justified and documented expenses incurred by You in accordance with this Contract in order to avoid or mitigate the loss and secure the payment of the Debts cov- ered by Us, including expenses related to pre-legal and legal collection of the covered Debts and actions related to the realisation of Securities. Any expenses incurred by You in connection with the settlement of any Dispute shall not be regarded as Collection Expenses. 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 Question- naire and any additional document listed in the Special Terms.