Common use of Debt Indemnification Clause in Contracts

Debt Indemnification. a) Indemnification level - Net Debt Subject to a deductible as specified in the Special Terms, We shall pay the insured percentage of the Net Debt or of the Positive Credit Decision if the Net Debt exceeds the Positive Credit Decision. The Net Debt shall correspond to the balance of the following loss account: on the debit side: • the value of the invoices, covered under this Contract, including, as appropriate: o the VAT/GST, if this tax is covered under this Contract as specified in the Special Terms o any interest payable up to the Due Date (excluding interest that accrues thereafter), o the packing, transport and insurance costs and any taxes owed by the Buyer. on the credit side: • the value of any Recoveries received by You or by Us up to the date of calculation of the Net Debt. b) Date of payment Provided that You have complied with all the terms of the Contract, We shall indemnify You within 30 days of (i) the receipt by Us of all the documents specified in article 3.1.2 above in case of Insolvency of the Buyer or (ii) - the expiration of the waiting period, in all other cases.

Debt Indemnification. a) Indemnification level - Net Debt Subject to a deductible as specified as the case may be in the Special Terms, We shall pay the insured percentage of the Net Debt or of the Positive Credit Decision if the Net Debt exceeds the Positive Credit Decision. The Net Debt shall correspond to the balance of the following loss account: on the debit sideside : • the value of the invoices, covered under this Contract, including, as appropriate: o • the VAT/GST, if this tax is covered under this Contract as specified in the Special Terms o • any interest payable up to the Due Date (excluding interest interests that accrues accrue thereafter), o • the packing, transport and insurance costs and any taxes owed by the Buyer. Definitions 8 Credit Limit: type of Credit Decision set by Us, as per article 2.1. of the Special Terms. Debt: amount of one or more invoices owed by the Buyer under a Sales Contract and which falls within the scope of our cover as defined in article 1.1.1 above. on the credit side: • the value amount of any Recoveries received by You or by Us up to the date of calculation of the Net Debt. b) Date of payment Provided that You have complied with all the terms of the Contract, We shall indemnify You within 30 days of from (i) the receipt by Us of all the documents specified in article 3.1.2 above in case of Insolvency of the Buyer or (ii) - the expiration of the waiting period, in all other cases.article

Debt Indemnification. a) Indemnification level - Net Debt Subject to a deductible as specified as the case may be in the Special Terms, We shall pay the insured percentage of the Net Debt or of the Positive Credit Decision if the Net Debt exceeds the Positive Credit Decision. The Net Debt shall correspond to the balance of the following loss account: on the debit sideside : • the value of the invoices, covered under this Contract, including, as appropriate: o • the VAT/GST, if this tax is covered under this Contract as specified in the Special Terms o • any interest payable up to the Due Date (excluding interest interests that accrues accrue thereafter), o • the packing, transport and insurance costs and any taxes owed by the Buyer. Credit Limit: type of Credit Decision set by Us, as per article 2.1. of the Special Terms. Debt: amount of one or more invoices owed by the Buyer under a Sales Contract and which falls within the scope of our cover as defined in article 1.1.1 above. Definitions 8 on the credit side: • the value amount of any Recoveries received by You or by Us up to the date of calculation of the Net Debt. b) Date of payment Provided that You have complied with all the terms of the Contract, We shall indemnify You within 30 days of from (i) the receipt by Us of all the documents specified in article 3.1.2 above in case of Insolvency of the Buyer or (ii) - the expiration of the waiting period, in all other cases.article

Debt Indemnification. a) Indemnification level - Net Debt Subject to a deductible as specified in the Special Terms, We shall pay the insured percentage of the Net Debt or of the Positive Credit Decision if the Net Debt exceeds the Positive Credit Decision. The Net Debt shall correspond to the balance of the following loss account: on the debit side: •  the value of the invoices, covered under this Contract, including, as appropriate: o the VAT/GST, if this tax is covered under this Contract as specified in the Special Terms o any interest payable up to the Due Date (excluding interest that accrues thereafter), o the packing, transport and insurance costs and any taxes owed by the Buyer. on the credit side: •  the value of any Recoveries received by You or by Us up to the date of calculation of the Net Debt. b) Date of payment Provided that You have complied with all the terms of the Contract, We shall indemnify You within 30 days of (i) the receipt by Us of all the documents specified in article 3.1.2 above in case of Insolvency of the Buyer or (ii) - the expiration of the waiting period, in all other cases.

Debt Indemnification. a) Indemnification level - Net Debt Subject to a deductible as specified in the Special Terms, We shall pay the insured percentage of the Net Debt or of the Positive Credit Decision if the Net Debt exceeds the Positive Credit Decision. The Net Debt shall correspond to the balance of the following loss account: on the debit side: • the value of the invoices, covered under this Contract, including, as appropriate: o • the VAT/GST, if this tax is covered under this Contract as specified in the Special Terms o • any interest payable up to the Due Date (excluding interest that accrues thereafter), o • the packing, transport and insurance costs and any taxes owed by the Buyer. on the credit side: • the value amount of any Recoveries received by You or by Us up to the date of calculation of the Net Debt. b) Date of payment Provided that You have complied with all the terms of the Contract, We shall indemnify You within 30 days of (i) the receipt by Us of all the documents specified in article 3.1.2 above in case cases of Insolvency of the Buyer or (ii) - the expiration of the waiting period, in all other cases.

Debt Indemnification. a) Indemnification level - Net Debt Subject to a deductible as specified in the Special Terms, We shall pay the insured percentage of the Net Debt or of the Positive Credit Decision if the Net Debt exceeds the Positive Credit Decision. The Net Debt shall correspond to the balance of the following loss account: on the debit side: • the value of the invoices, covered under this Contract, including, as appropriate: o the VAT/GST, if this tax is covered under this Contract as specified in the Special Terms o any interest payable up to the Due Date (excluding interest that accrues thereafter), o the packing, transport and insurance costs and any taxes owed by the Buyer. on the credit side: • the value of any Recoveries received by You or by Us up to the date of calculation of the Net Debt. b) Date of payment Provided that You have complied with all the terms of the Contract, We shall indemnify You within 30 days of (i) the receipt by Us of all the documents specified in article 3.1.2 above in case cases of Insolvency of the Buyer or (ii) - the expiration of the waiting period, in all other cases.

Debt Indemnification. a) Indemnification level - Net Debt Subject to a deductible as specified in the Special Terms, We shall pay the insured percentage of the Net Debt or of the Positive Credit Decision if the Net Debt exceeds the Positive Credit Decision. The Net Debt shall correspond to the balance of the following loss account: on On the debit side: • the  The value of the invoices, covered under this Contract, including, as appropriate: o the The VAT/GST, if this tax is covered under this Contract as specified in the Special Terms o any Any interest payable up to the Due Date (excluding interest that accrues thereafter), o the The packing, transport and insurance costs and any taxes owed by the Buyer. on On the credit side: • the  The value of any Recoveries received by You or by Us up to the date of calculation of the Net Debt. b) Date of payment Provided that You have complied with all the terms of the Contract, We shall indemnify You within 30 days of (i) the receipt by Us of all the documents specified in article 3.1.2 above in case of Insolvency of the Buyer or (ii) - the expiration of the waiting period, in all other cases. c) Date of payment Provided that You have complied with all the terms of the Contract, We shall indemnify You within 30 days of the receipt by Us of all the documents specified in article 3.1.2.