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.

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.

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.

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.