{"component": "definition", "props": {"groups": [{"snippet": "means Customer is unable to pay his debts because of problems or insolvency.", "snippet_links": [{"key": "unable-to-pay", "type": "definition", "offset": [18, 31]}], "samples": [{"hash": "lIvVYvserrh", "uri": "/contracts/lIvVYvserrh#credit-problem", "label": "Contract of Sale and Security Agreement (Jones Soda Co)", "score": 21.0, "published": true}, {"hash": "jqM6fUy4WCr", "uri": "/contracts/jqM6fUy4WCr#credit-problem", "label": "Contract of Sale and Security Agreement (Jones Soda Co)", "score": 21.0, "published": true}, {"hash": "hpD8o2tLloh", "uri": "/contracts/hpD8o2tLloh#credit-problem", "label": "Contract of Sale and Security Agreement (Jones Soda Co)", "score": 21.0, "published": true}], "size": 23, "hash": "f81de9279667d0ad2f6efd0de6da3d10", "id": 1}, {"snippet": "means, as established by the Customer, that an Account Debtor is unable to pay its debts because the Account Debtor is the subject of a bankruptcy, 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"05e41c56c3231b238ce810717b7b3f19", "id": 9}, {"snippet": "means Customer is unable to pay his debts because of problems or insolvency. 10. \"Customer Dispute\" means any claim by Customer against CLIENT, of any kind whatsoever, valid or invalid, that reduces the amount collectible from Customer by CAPCO. CLIENT COVENANTS: ----------------- 11. CLIENT agrees to sell to CAPCO ALL ACCOUNTS, mechanic's lien(s), and rights to payment under any stop notice(s), or bonded stop notice(s) securing payment of those Accounts created by CLIENT in the course of its business, existing as of the date of this agreement or thereafter created during the term of this agreement, subject to approval and verification by CAPCO. CAPCO is not obligated to advance funds for the purchase of All Accounts from CLIENT. Upon request by CAPCO, CLIENT shall provide a copy of the original Assigned Account (Invoice) a copy of the \u2587\u2587\u2587\u2587 of lading contract, purchase order, purchase order number, and/or any other requisite supporting documentation corresponding to said Accounts and appropriate to the business of CLIENT.", "snippet_links": [{"key": "unable-to-pay", "type": "definition", "offset": [18, 31]}, {"key": "customer-dispute", "type": "definition", "offset": [82, 98]}, {"key": "by-customer", "type": "clause", "offset": [116, 127]}, {"key": "from-customer", "type": "clause", "offset": [222, 235]}, {"key": "client-covenants", "type": "clause", "offset": [246, 262]}, {"key": "to-sell", "type": "clause", "offset": [300, 307]}, {"key": "all-accounts", "type": "clause", "offset": [317, 329]}, {"key": "rights-to-payment", "type": "clause", "offset": [355, 372]}, {"key": "payment-of", "type": "clause", "offset": [433, 443]}, {"key": "by-client", "type": "clause", "offset": [467, 476]}, {"key": "in-the-course-of", "type": "definition", "offset": [477, 493]}, {"key": "agreement-or", "type": "definition", "offset": [540, 552]}, {"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [572, 605]}, {"key": "approval-and-verification", "type": "clause", "offset": [618, 643]}, {"key": "advance-funds", "type": "definition", "offset": [680, 693]}, {"key": "purchase-of", "type": "clause", "offset": [702, 713]}, {"key": "upon-request", "type": "clause", "offset": [740, 752]}, {"key": "client-shall", "type": "clause", "offset": [763, 775]}, {"key": "the-original", "type": "definition", "offset": [794, 806]}, {"key": "assigned-account", "type": "definition", "offset": [807, 823]}, {"key": "the-\u2587", "type": "clause", "offset": [844, 849]}, {"key": "purchase-order-number", "type": "definition", "offset": [889, 910]}, {"key": "supporting-documentation", "type": "definition", "offset": [939, 963]}, {"key": "the-business", "type": "clause", "offset": [1014, 1026]}, {"key": "of-client", "type": "clause", "offset": [1027, 1036]}], "samples": [{"hash": "4PwTdlYTydQ", "uri": "/contracts/4PwTdlYTydQ#credit-problem", "label": "Contract of Sale and Security Agreement (Easylink Services Corp)", "score": 18.0, "published": true}], "size": 1, "hash": "e3001131d68e8d2588739bfa0344afbe", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIXY3JlZGl0LXByb2JsZW0jMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "means Customer is unable to pay his debts because of problems or insolvency.", "title": "Credit Problem", "size": 47, "id": "credit-problem", "examples": ["Vendor must adhere to the following table for SLAs and associated penalties (credit to DOM): Service Requirement Measurement SLA SLA <strong>Credit Problem</strong> Resolution Time \u2013 High Resolution Time for each High Priority Problem.", "If Customer asserts that nonpayment of an Account is due to a <strong>Credit Problem</strong>, then Customer shall provide documentation establishing that such non payment is due solely to a <strong>Credit Problem</strong> satisfactory to WFBCI, in its reasonable discretion, within ten days of receipt of written notice by WFBCI of the nonpayment.", "If WFBCI is not satisfied that nonpayment is solely due to a <strong>Credit Problem</strong>, then customer shall be obligated to repurchase the Account by paying the Repurchase Price within ten days of receipt of written demand by WFBCI.", "If WFBC is not satisfied, in its commercially reasonable discretion, that nonpayment is solely due to a <strong>Credit Problem</strong>, then customer shall be obligated to pay the Repurchase Price for such Account to WFBC.", "If WFBC is not satisfied, in its reasonable discretion, that nonpayment is solely due to a <strong>Credit Problem</strong>, then customer shall be obligated to pay the Repurchase Price for such Account to WFBC.", "Thereafter, provided there is no event of default hereunder, and Customer has complied with all requirements of this Agreement, WFBC assumes the risk of non-payment due to a <strong>Credit Problem</strong> with respect to Purchased Accounts.", "Thereafter, provided there is no event of default hereunder, and Customer has complied with all requirements of this Agreement, WFBCI assumes the risk of non-payment due to a <strong>Credit Problem</strong> with respect to Purchased Accounts.", "If Customer asserts that nonpayment of an Account is due to a <strong>Credit Problem</strong>, the Customer shall provide documentation establishing that such non payment is due solely to a <strong>Credit Problem</strong> satisfactory to WFBW, in its reasonable discretion, within ten days of receipt of written notice by WFBW of the nonpayment.", "If WFBW is not satisfied that nonpayment is solely due to a <strong>Credit Problem</strong>, then customer shall be obligated to repurchase the Account by paying the Repurchase Price within ten days of receipt of written demand by WFBW.", "Pledged Receivables that remain unpaid after ninety (90) days from any Customer without a <strong>Credit Problem</strong> shall be deemed to be the subject of a Customer Dispute."], "related": [["credit-provider", "Credit Provider", "Credit Provider"], ["credit-voucher", "Credit Voucher", "Credit Voucher"], ["standard-letter-of-credit-practice", "Standard Letter of Credit Practice", "Standard Letter of Credit Practice"], ["letter-of-credit-report", "Letter of Credit Report", "Letter of Credit Report"], ["fronted-letter-of-credit", "Fronted Letter of Credit", "Fronted Letter of Credit"]], "related_snippets": [], "updated": "2025-07-06T21:56:50+00:00"}, "json": true, "cursor": ""}}