Common use of Debt Indemnification Clause in Contracts

Debt Indemnification. Debt Indemnification paid by Us for a Covered Affiliate’s Debt will be paid to You only, in accordance with the Mandate. In case a loss payee is designated in Your Contract, You and Your Covered Affiliate hereby expressly agree that all Debt indemnifications will be paid to the loss payee, regardless the pertaining of Debt to You or to Your Covered Affiliate.

Debt Indemnification. Debt Indemnification paid by Us for a Covered Affiliate’s Debt will be paid to You only, in accordance with the Mandate. In case a loss payee is designated in Your your Contract, You and Your Covered Affiliate hereby expressly agree that all Debt indemnifications will be paid to the loss payee, regardless the pertaining of Debt to You or to Your Covered Affiliate. Notwithstanding any applicable provision related to the advance payment of the Collection Expenses and their set off with the indemnification, this provision cannot apply in the event of claim related to a Debt of your Cover Affiliate.

Debt Indemnification. Debt Indemnification paid by Us for a Covered Affiliate’s Debt will be paid to You only, in accordance with the Mandate. In case a loss payee is designated in Your your Contract, You and Your Covered Affiliate hereby expressly agree that all Debt indemnifications will be paid to the loss payee, regardless the pertaining of Debt to You or to Your Covered Affiliate.