Examples of Insured Receivable in a sentence
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.
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.
Each Board member is free to suggest the inclusion of agenda items and is free to raise at any Board meeting subjects that are not on the agenda for that meeting.
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.
The Borrower’s refusal to pay the Insured Receivable made without a legal reason (protracted default).