NOTICE OF CUSTOMER CREDIT LIMIT
With respect to the Customer named below, the Credit Limit shall be as follows:
1. Customer: See Attached “Buyer’s Limits Approval – Exhibit I”
2. Eligible Transactions insured under this Endorsement shall be committed to by the Insured on or after the effective date of this Notice and before: February 1, 2016
3. Effective Date means the first date after which an Eligible Transaction with the abovementioned Customer may be insured under this policy being:
4. Customer Limit: See Attached “Buyer’s Limits Approval – Exhibit I”
5. Maximum Terms of Payment: Per Policy Declarations Item 9.
6. Waiting Period: : Per Endorsement 1.
7. Special Conditions: The Company may reduce or cancel any Buyer Limit according to our underwriting judgment and by sending notice to the Insured. Any reduction or cancellation of Buyer Limit shall take effect 10 days after the date of notification.
8. Premium: Per Policy Declarations Item 4.
9. Declaration of Eligible Transactions: The Insured shall submit to the Company within 15 days from the end of each quarter, a schedule of Eligible Transactions that have been committed to during that preceding quarter on the reporting form attached hereto as Appendix 2 or such other form as agreed between the parties.
Nothing herein contained shall be held to vary, alter, waive or change any of the terms, limits or conditions of this policy except as herein above set forth.