Examples of Due Date of Payment in a sentence
Without having regard to the Maximum Credit Period allowed in a Credit Approval, the Policyholder shall not allow any extensions in the Due Date of Payment without EXIM Bank’s prior written consent.
The Policyholder must notify EXIM Bank immediately if payment of any amount remains overdue from a Buyer thirty (30) days after the Due Date of Payment.
In case of default of the Buyer, unless agreed otherwise, all amounts received from the Buyer after Due Date of Payment and before payment of indemnification by EXIM Bank, including pursuant to contracts not covered by the Policy, shall for the purpose of this Policy be applied to amounts owing under all contracts between the same Buyer and the Policyholder in chronological order of due dates of payment under such contracts.
Subject to the provisions of Article 13 (Extensions of Credit) hereunder, EXIM Bank shall not be liable for any Loss resulting from credit granted by the Policyholder beyond the Due Date of Payment (including, among others, in the case of cash against documents, documentary sight draft or documents against payment transactions).