Insured Receivable means each Receivable of an Obligor for which the Outstanding Balance (when aggregated with each other Receivable owing by such Obligor that was originated prior to such Receivable) is less than or equal to the then-effective maximum amount available for payments established for such Obligor for all claims relating to such Obligor during the related policy period under and pursuant to Eligible Credit Insurance; provided that no Receivable shall constitute an Insured Receivable at any time the Credit Insurance Policy relating thereto shall cease to constitute Eligible Credit Insurance; provided, further, that no Receivable shall constitute an Insured Receivable unless (a) such Receivable and the related Contract (pursuant to its express terms) is governed by the laws of the United States and (b) under such related Contract, the related Obligor expressly submits to the jurisdiction of the courts or binding arbitration body, in either case, in the United States for purposes of any litigation, arbitration or similar proceeding with respect to any dispute regarding such Receivable.

Insured Receivable means a Receivable due from an Insured Obligor.

Examples of Insured Receivable in a sentence

Unless otherwise stated below, the term Insured Receivable or Insured Receivables as specified above shall be under- stood to include all Insured Receivables, any one of them, and any part thereof.
The Borrower’s refusal to pay the Insured Receivable made without a legal reason (protracted default).
ECGC shall have no liability to indemnify the Insured unless the proximate cause of loss is the occurrence of an Insured Risk covered under this Agreement and/or the right and interest of the Insured in the relevant Insured Receivable has been assigned and transferred by the Insured in favour of ECGC.
If, according to the Credit Contract, the Borrower is obliged to pay the financial funds provided back in the form of instalments, each instalment shall be considered to constitute a separate Insured Receivable for the purpose of Insurance.
An insurance risk is the risk of loss due to partial or complete non-payment of an Insured Receivable as of its due date and during the Waiting Period, if set, due to one or several of the causes stated in parts 3.3 or 3.4 of this Article.

More Definitions of Insured Receivable

Insured Receivable means the Gross Invoice Value of any and every shipment despatched by a Client to any of the Approved Debtors at any time during the Period of Cover under this Agreement, irrespective of the amount of Credit Limit available on that Approved Debtor;

Insured Receivable means each Receivable of an Obligor for which the Outstanding Balance (when aggregated with each other Receivables owing by such Obligor that was originated prior to such Receivable) is equal to or less than the then-effective maximum amount available for payments established for such Obligor for all claims relating to such Obligor during the related policy period under and pursuant to Eligible Credit Insurance; provided, that no Receivable shall constitute an Insured Receivable at any time the Credit Insurance Policy relating thereto shall cease to constitute Eligible Credit Insurance; provided, further, that, no Receivable shall constitute an Insured Receivable unless (i) such Receivable and the related Contract (pursuant to its express terms) is governed by the laws of Australia, Singapore, Japan, the United States or England and Wales and (ii) under such related Contract, the related Obligor expressly submits to the jurisdiction of the courts or binding arbitration body, in either case, in Australia, Singapore, Japan, the United States or England and Wales for purposes of any litigation, arbitration or similar proceeding with respect to any dispute regarding such Receivable.

Insured Receivable means that portion of any Receivable which is insured without deductible under the Policy.

Insured Receivable mean any Receivable which is covered by a credit insurance policy.

Insured Receivable means each Receivable of an Obligor for which the Outstanding Balance (when aggregated with each other Receivables owing by such Obligor that was originated prior to such Receivable) is equal to or less than the then-effective maximum amount available for payments established for such Obligor for all claims relating to such Obligor during the related policy period under and pursuant to Eligible Credit Insurance; provided , that no Receivable shall constitute an Insured Receivable at any time the Credit Insurance Policy relating thereto shall cease to constitute Eligible Credit Insurance; provided , further, that, no Receivable shall constitute an Insured Receivable unless (i) such Receivable and the related Contract (pursuant to its express terms) is governed by the laws of Australia, Singapore, Japan, the United States or England and Wales and (ii) under such related Contract, the related Obligor expressly submits to the jurisdiction of the courts or binding arbitration body, in either case, in Australia, Singapore, Japan, the United States or England and Wales for purposes of any litigation, arbitration or similar proceeding with respect to any dispute regarding such Receivable.

Insured Receivable means that portion of any Receivable which is insured without deductible or co-insurance under the Policy and the Optical Policy.

Insured Receivable means each Receivable loss on which is insured under the Risk Default Policy.