Common use of Credit Approval Clause in Contracts

Credit Approval. 2.1. Requests for credit approval for all of your orders must be submitted to our Credit Department via computer by either: (a) On-Line Terminal Access, or (b) Electronic Batch Transmission. If you are unable to submit orders via computer, then orders can be submitted over the phone, by fax or in writing. All credit decisions by our Credit Department (including approvals, declines and holds) will be sent to you daily by a Credit Decisions Report, which constitutes the official record of our credit decisions. Credit approvals will be effective only if shipment is made or services are rendered within thirty (30) days from the completion date specified in our credit approval. Credit approval of any Account may be withdrawn by us any time before (a) such time that shipment is made or services are rendered and (b) title to the goods being sold has passed to your customer.

Appears in 3 contracts

Samples: Factoring Agreement, Factoring Agreement (American Telecom Services Inc), Factoring Agreement (American Telecom Services Inc)

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Credit Approval. 2.1. 2.1 Requests for credit approval for all of your orders must be submitted to our Credit Department via computer by either: (a) On-Line Terminal Access, or (b) Electronic Batch Transmission. If you are unable to submit orders via computer, then orders can be submitted over the phone, by fax or in writing. All credit decisions by our Credit Department (including approvals, declines and holds) will be sent to you daily by a Credit Decisions Report, which constitutes the official record of our credit decisions. Credit approvals will be effective only if shipment is made or services are rendered within thirty (30) days from the completion date specified in our credit approval. Credit approval of any Account may be withdrawn by us any time before (a) such time that shipment delivery is made or services are rendered and (b) title to the goods being sold has passed to your customerrendered.

Appears in 3 contracts

Samples: Factoring Agreement (Universal Security Instruments Inc), Fashion House Holdings Inc, Cole Kenneth Productions Inc

Credit Approval. 2.1. Requests for credit approval for all of your orders must be submitted to our Credit Department via computer by either: (a) On-Line Terminal Access, or (b) Electronic Batch Transmission. If you are unable to submit orders via computer, then orders can be submitted over the phone, by fax or in writing. All credit decisions by our Credit Department (including approvals, declines and holds) will be sent to you the Client Representative daily by a Credit Decisions Report, which constitutes the official record of our credit decisions. Credit approvals will be effective only if shipment is made or services are rendered within thirty (30) days from the completion date specified in our credit approval. Credit approval of any Account may be withdrawn by us any time before (a) such time that shipment delivery is made or services are rendered and (b) title to the goods being sold has passed to your customerrendered.

Appears in 2 contracts

Samples: Deferred Purchase Factoring Agreement (Centric Brands Inc.), www.centricbrands.com

Credit Approval. 2.1. 2.1 Requests for credit approval for all of your orders must be submitted to our Credit Department via computer by either: (a) On-Line Terminal Access, or (b) Electronic Batch Transmission. If you are unable to submit orders via computer, then orders can be submitted over the phone, by fax or in writing. All credit decisions by our Credit Department (including approvals, declines and holds) will be sent to you the Client Representative daily by a Credit Decisions Report, which constitutes the official record of our credit decisions. Credit approvals will be effective only if shipment is made or services are rendered within thirty (30) days from the completion date specified in our credit approval. Credit approval of any Account may be withdrawn by us any time before (a) such time that shipment delivery is made or services are rendered and (b) title to the goods being sold has passed to your customerrendered.

Appears in 1 contract

Samples: Factoring Agreement (Chaus Bernard Inc)

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Credit Approval. 2.1. Requests 2.1 Request for credit approval for all of your orders must be submitted to our Credit Department via computer by either: (a) On-Line Terminal Access, or (b) Electronic Batch Transmission. If you are unable to submit orders via computer, then orders can be submitted over the phone, by fax or in writing. All credit decisions by our Credit Department (including approvals, declines and holds) will be sent to you daily by a Credit Decisions Report, which constitutes the official record of our credit decisions. Credit approvals will be effective only if shipment is made or services are rendered within thirty (30) days from the completion date specified in our credit approval. Credit We may withdraw credit approval of any Account may be withdrawn by us any time before (a) such time that shipment delivery is made or services are rendered and (b) title to the goods being sold has passed to your customerrendered.

Appears in 1 contract

Samples: Inventory Security Agreement (Waterford Wedgwood PLC)

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