CLdN Group definition
Examples of CLdN Group in a sentence
Any breach by the Shipper/the Shipper‟s Group towards any entity of the CLdN Group will automatically render all credit lines, payment facilities and payment terms granted to any company of the Shipper‟s Group under the present conditions null and void vis-à-vis any entity of the Shipper‟s Group: the payment of all services rendered and invoiced by any entity in the CLdN Group will then become due with immediate effect.
If the Shipper is a part of a Group, a default or breach committed by any entity of that Shipper‟s Group towards any entity of the CLdN Group will be considered a breach by the Shipper under the present Conditions and will give rise to the right of any entity of the CLdN Group as described in the preceding paragraph.
The Carrier can enforce bad debts against assets of any company in the Shipper‟s Group, which has received these Terms and Conditions and – based thereupon – has transacted business with the CLdN Group.
In addition, in the case the Shipper is a part of a Group, the Shipper hereby guarantees for the benefit of any specific Carrier involved under the present Conditions or any other relevant entity of the CLdN Group (as the case may be) the due and punctual performance by each and every entity of the Shipper‟s Group of any and all of such entity‟s obligations towards the relevant entity of the CLdN Group.