Delkredere definition

Delkredere means the liability of a Delkredere Obligor for the payment of any Account Receivable in the event of the respective Customer’s inability to pay, as accepted by the relevant Delkredere Agreement.
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Examples of Delkredere in a sentence

  • Soweit eine Forderung, für die von der ▇▇▇▇▇▇ Bank Delkredere geleistet ▇▇▇▇▇▇ ist, nachträglich bestritten oder in einem Insolvenzverfahren nicht zur Tabelle festgestellt wird, so haftet der ▇▇▇▇▇ der ▇▇▇▇▇▇ Bank gegenüber in Höhe der bestrittenen beziehungsweise nicht festgestellten Forderung aus der Bestandsgarantie, sofern nicht die Forderung in einem durch den Kunden zu führenden gerichtlichen Verfahren nachträglich rechtskräftig festgestellt wird.

  • It is expressly agreed between the Purchaser and the Sellers that while the latter will be responsible for the existence of the Eligible Receivables (Haftung für den rechtlichen Bestand der Forderungen) the Purchaser shall, subject to the provisions of the following sentence, bear the default risk (Delkredere) in respect of the payment of the purchased Receivables by the relevant Account Debtors.

  • The Servicer shall identify and hold in trust for the Purchaser all amounts remitted or paid to the Servicer, if any, on account of Purchased Receivables as the property of the Purchaser (including, if applicable, any Insurance Proceeds or Delkredere Claims received in respect of any Purchased Receivables), and shall immediately deposit all such funds to such account that the Purchaser will notify the Servicer from time to time, subject to reconciliation on each subsequent Settlement Date.