Credit Decisions definition
Examples of Credit Decisions in a sentence
All credit decisions by our Credit Department (including approvals, declines and holds) will be sent to you daily by a Credit Decisions Report, which constitutes the official record of our credit decisions.
You shall keep confidential and not disclose to any third party including your Buyers the Credit Decisions (including any conditions attached to them), except with our prior written consent.
Consultation zone In compliance with your credit management procedure and under the responsibility of your credit manager, You may also set by yourself Credit Decisions up to [X INR] per Buyer, provided that prior to the Delivery You request a Credit Decision from us (as defined below in the article underwriting zone).
The Credit Decisions Report shall constitute the official record of our written credit approvals.
Our Credit Decisions shall take effect as follows: • in case of a new Positive Credit Decision other than a Reduction (including the case of a Positive Credit Decision which increases the amount of a previous Positive Credit Decision), such new Positive Credit Decision shall take retroactive effect 60 days before its notice, provided that at the date of your request You have no Overdue Account exceeding 60 days from the Due Date or Adverse information.
However, the sum of the Credit Decisions already set by Us should not exceed [x] % of the Turnover declared; We may contact you if the amount of the Credit Decisions already set by Us exceeds [x] % of the Turnover declared by You.
Once the discretionary zone is cancelled in application of the above mentioned provisions, all Credit Decisions of your Contract will be set by Us under the condition of the underwriting zone stated below.
After a Refusal or a Cancellation, You shall be entitled to set again Credit Decisions under your discretionary zone after the expiration of a period of two years from the date of our Refusal or Cancellation, provided that the terms and conditions of this facility are complied with.
Monitoring fees, the amount of which is calculated according to the number of Credit Decisions in force at the end of each month, are due on a [monthly or quarterly] basis.
The conditions described in the Special Terms and options of your Contract, notably those related to covered business activity, covered countries, premium rate, insured percentage, maximum liability, maximum credit period, maximum Invoicing period, time limit for notification of overdue account, Credit Decisions, Recoveries, duration and jurisdiction and applicable law are applicable mutatis mutandis to the Transferred Debts purchased by You.