Übersetzung für "Verschlechterung der vermögensverhältnisse" in Englisch

This entitlement shall lapse in the event of a default of payment or in case of a material deterioration in the financial circumstances of the Customer.

The following situations in particular will be deemed substantial deterioration in financial circumstances:

Such authority to collect shall expire in the event that the buyer defaults on payment or that buyer’s financial situation deteriorates substantially.

If the parties wish to state expressly that the suretyship is to continue notwithstanding a deterioration in the debtor's financial position, what objection can be taken to holding the surety to his agreement?

Applying for the commencement of insolvency proceedings, submitting a statutory declaration in accordance with § 807 of the German Code of Civil Procedure (ZPO), any payment difficulties or knowledge of considerable deterioration in the financial situation of a customer entitle us to cease deliveries immediately and refuse to fulfil ongoing contracts if Customer does not provide payment in kind or supply appropriate security upon request.

If fulfilment of a claim is endangered by a deterioration of the client's financial circumstances that has eventuated or was discovered only after conclusion of the contract, the contractor shall be permitted to demand an advance payment and the payment of all unpaid invoices including the ones not due yet, withhold undelivered goods and cease the continued processing of pending orders.

If the customer's financial situation should materially deteriorate, or if the customer's payment date for previous deliveries and services is considerably exceeded, we are entitled to refuse our delivery and services until payment or provision of sufficient security.

If Laser Components becomes aware of a significant deterioration of the customer's pecuniary circumstances after the contract has been concluded (for example, because the customer is late with outstanding invoices), Laser Components is entitled to perform outstanding deliveries or services only upon prepayment or security.

Should it become evident after the conclusion of the contract that payment is jeopardised by the Customer's lack in financial means, or should the Customer be in default with a considerable portion of the amount due, or should other circumstances arise which show a material deterioration in the Customer's financial position after the conclusion of the contract, we shall be authorised to make use of our statutory rights to refuse performance.

If the Orderer defaults in payment or there is a significant decline in the pecuniary circumstances of the Orderer, OK Media is entitled to withhold deliveries or demand advance payments or securities at its discretion.

If our payment claims are at risk due to a substantial deterioration in the customer's financial circumstances, we shall be entitled, any other legal rights notwithstanding, to call in the amounts owed from the contract or to demand appropriate securities.

Default of payments, application for the opening of an insolvency proceeding, handing in of a state meant in lieu of an oath of disclosure in accordance with paragraph 807 ZPO (German Code of Civil Procedure), temporary shortage of liquid funds, or public knowledge of a considerable deterioration of the financial circumstances of the customer shall entitle us to stop deliveries immediately and to deny performance of current contracts.

The direct debit authorisation shall expire in the event of revocation by us or, if there is no such revocation, at the latest in the event of delayed payment by the customer by more than one month or in the event of an essential deterioration of his financial situation (see conclusion of 5).

The same applies if circumstances arise that significantly deteriorate the Buyer’s financial circumstances and endanger collection of our payment claim.

In the event of delayed payment, other material breaches of contract or in the event of substantial deterioration of the contracting party's financial circumstances, the contracting party is obliged, at SEMIKRON's request, to surrender to SEMIKRON, immediately and at its own expense, all property co-owned by SEMIKRON.

If we become aware of a considerable deterioration of the buyer's financial situation upon conclusion of a contract – regardless of when this deterioration actually occurred –, we are entitled to demand advance payment and securities and withhold delivery until our demands are met.

In the case of default of payment, failure to honour a cheque or bill of exchange, in the case of insolvency petition, cessation of payments or if EFAFLEX learns of facts which reveal a significant deterioration of the financial circumstances of the customer, EFAFLEX may deliver at its choice only against cash on delivery or only against cash in advance and demand immediate payment of all receivables under the business relationship which are not yet due for payment, even if cheques or bills of exchange were accepted for such receivables.

In the event of serious deterioration in the financial circumstances or default in payment on the part of the customer, all outstanding receivables of UNIFERM shall immediately fall due for payment without consideration given to potential payment agreements or the term of accepted cheques.

Even if the customer is not in default, Section 10 sub-section 1 applies if after the conclusion of contract we become aware of circumstances suggesting a substantial deterioration of the financial situation of the customer which are likely to jeopardize the fulfillment of the contract by the customer.

If a significant deterioration in the financial status of the Buyer becomes known to us – regardless when the deterioration occurred – we shall be entitled to require payment or other collateral in advance and refrain from fulfilling the supply contract until we have received such payment or collateral.

An application to start insolvency proceedings, submitting an assurance under oath as per Section 807 of the German Code of Civil Procedure (ZPO), payment difficulties that occur or awareness of an important worsening of the customer's asset relationships after conclusion of the contract authorise us to stop deliveries immediately and to refuse to fulfil ongoing agreements if the customer does not provide the counter-performance or appropriate security at our request.

3. In the event of conduct on the part of the Ordering Party contrary to the terms of the contract, in particular in the event of payment arrears, as well as in the event of payment difficulties, deterioration of the financial circumstances and the submission of an application for the opening of a settlement or insolvency procedure, we are authorised to take back the delivered goods following admonition and the Ordering Party is obligated to hand over such.

If a customer’s financial situation deteriorates, we reserve the right to supply only in return for cash in advance or COD.

If this gives rise to doubt about the credit rating of the customer or if there is otherwise a considerable deterioration in the financial circumstances of the business partner, we are entitled to revoke any periods allowed for payment and to make further deliveries only against prepayment or cash on delivery.

The security is to be deemed sufficient even if the provider of the security reserves the right to revoke his promise, in case of substantial deterioration of the financial circumstances of the customer, with effect for claims to remuneration for building work that the contractor has not yet performed when the declaration of revocation is received.