AVI. RESCHEDULING, CLAIMS & RECOVERIES
A. Rescheduling
Notwithstanding any other provision of this Policy, if any moratorium, rescheduling, refinancing, readjustment, suspension of payments, rollover or other arrangement however described (a “Rescheduling”) (excluding those circumstances that are referred to under the Maximum Terms of Payment in Article II.V and those circumstances which would constitute an Insolvency Event under this Policy) that affects the obligations of the Customer to pay under an Eligible Transaction insured under this Policy (or any class of the Customer’s obligations of which the Eligible Transaction forms part), are to the knowledge of Insured announced, declared or put into effect, the Insured shall assess them into one of the following two categories, advise the Company accordingly and (provided that this is within the Insured’s control) take the action noted. In all circumstances where a Rescheduling is to the knowledge of the Insured under negotiation, the Insured shall not enter into any further Eligible Transactions involving that Customer and which are to be insured under this policy without the written approval of the Company, until such time as the Customer has fulfilled all obligations under Eligible Transactions outstanding at the time the Rescheduling was announced and which are insured under this Policy:
AVI. RESCHEDULING, CLAIMS & RECOVERIES A. ReschedulingNotwithstanding any other provision of this Policy, if any moratorium, rescheduling, refinancing, readjustment, suspension of payments, rollover or other arrangement however described (a “Rescheduling”) (excluding those circumstances that are referred to under the Maximum Terms of Payment in Article II.V and those circumstances which would constitute an Insolvency Event under this Policy) that affects the obligations of the Customer to pay under an Eligible Transaction insured under this Policy (or any class of the Customer’s obligations of which the Eligible Transaction forms part), are to the knowledge of Insured announced, declared or put into effect, the Insured shall assess them into one of the following two categories, advise the Company accordingly and (provided that this is within the Insured’s control) take the action noted. In all circumstances where a Rescheduling is to the knowledge of the Insured under negotiation, the Insured shall not enter into any further Eligible Transactions involving that Customer and which are to be insured under this policy without the written approval of the Company, until such time as the Customer has fulfilled all obligations under Eligible Transactions outstanding at the time the Rescheduling was announced and which are insured under this Policy:
การแปล กรุณารอสักครู่..
