Insured Customer definition

Insured Customer means VIVA’s Customer who purchases a qualified mobile device from VIVA and subscribes it under the Insurance Services. Insured Customer is entitled, where fitting, to the rights derived from the Certificate of Insurance.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Insured Customer means a customer that purchases insurance

Insured Customer means any GECF Group Company customer who has entered into a Policy provided:

Examples of Insured Customer in a sentence

• If any debt is unpaid after the Maximum Extension Period has expired you must not make any further deliveries to the Insured Customer unless the unpaid amount is the subject of a genuine and documented dispute.

• Once you have notified your Insured Customer to us you must advise us of any payments you receive from them.

• Default occurs if your Insured Customer does not pay you within ninety days of the original or extended due date whichever is the later.

• We will not pay any claim in respect of any insolvency or default caused directly or indirectly by your failure, or the failure of any person acting on your behalf, to fulfil the terms of the contract with the Insured Customer or to comply with any other legal obligation.

• Our total liability under this Policy and any immediately preceding policy with us for your claim in relation to any one Insured Customer will not exceed the Insured Percentage of the higher of the two applicable Insured Credit Limits under each policy.

• You must have an Insured Credit Limit for every customer for it to be an Insured Customer.

• If your Insured Customer has become insolvent then we will pay you within thirty days of our receipt of your fully completed claim form.

• A customer for whom an Insured Credit Limit has not been obtained is not an Insured Customer.

• In the case of default, a copy of a Judgement in favour of you from either the County Court or the High Court or the equivalent in the country of your Insured Customer, your assignment to us of your rights to any dividend in your Insured Customer's estate, any proxy sent to you by the insolvency practitioner handling the insolvency of the Insured Customer.

• We do not cover any amounts in dispute between you and your Insured Customer.

More Definitions of Insured Customer

Insured Customer means STC’s Customer who purchases a qualified device and subscribes it under the Insurance Services from STC. The Insured Customer is entitled, where fitting, to the rights derived from this Policy.

Insured Customer means the Falcon-i’s customer who has been nominated by Falcon-i to the Insurance Company for coverage under this Personal Accident Insurance Policy and against whom, premium has been paid by Falcon-i on its own to the Insurance Company and premium has been received by the Insurance Company.