Euler Hermes definition
Examples of Euler Hermes in a sentence
Corporate Guarantee by PetSmart in favor of Euler Hermes North American Insurance Company and the current and future suppliers of the Chewy, in accordance with the terms and conditions set out in the Corporate Guarantee Agreement dated August 8, 2018.
Airbus Commercial's activity is supported by three export credit agencies: COFACE (now BPI France) in France, UK Export Finance (UKEF) in the United Kingdom and Euler- Hermes in Germany.
Euler Hermes has agreed to provide User with access to credit data on 3rd parties (“Confidential Information”) for purposes of assessing the creditworthiness of buyers of goods and services to determine those buyers’ insurability under a policy of credit insurance (the “Purpose”).
Euler Hermes Kredietverzekeringen N.V. has acknowledged said revocation.
Seller shall provide prompt notice in writing to Purchaser upon (a) the occurrence of any Event of Default hereunder, (b) the termination of the Euler Hermes Insurance Policy; (c) the occurrence of a Dispute corresponding to a purchased Receivable, (d) the nonacceptance of goods relating to any Receivable, or (e) any other default by buyer under the Foreign Buyer’s contract with Seller, including without limitation the purchase order corresponding to a purchased Receivable.
Euler Hermes Credit Insurance Policy issued in favor of PC with respect to the Circuit City account.
Euler Hermes also undertakes the credit assessment, which means that exporters should not apply to EKF, but via the Euler Hermes.
In the event any receivables (including any Receivable acquired by Purchaser hereunder) insured by the Euler Hermes Insurance Policy is in default, then the amount of availability under the Facility shall be reduced to zero.
Seller shall comply with each and every term of the Euler Hermes Policy so as to maintain such Insurance coverage for the Receivables.
If the Euler Hermes Insurance Policy proceeds relate to a Receivable purchased by Purchaser, then Purchaser shall retain the amount of such proceeds equivalent to the Purchaser’s Investment in such Receivable.