Common use of Indemnification of Collection Expenses Clause in Contracts

Indemnification of Collection Expenses. Unless stated otherwise in the Special Terms, in addition to indemnification of the Net Debt, We shall also indemnify the Collection Expenses (VAT/GST excluded) in accordance with the following provisions. a) Indemnification level Subject to a deductible as specified in the Special Terms, We shall pay You the covered Collection Expenses up to the insured percentage applicable to the concerned Debts. . The covered Collection Expenses shall correspond to the Collection Expenses up to the cover ratio defined below. The cover ratio is the ratio where: • the numerator is the lowest of the Net Debt or the Credit Decision • the denominator is the amount of the Debt. The cover ratio shall be calculated when indemnification is triggered. When the Debt is fully paid before indemnification, the cover ratio shall be equal to 1. b) Date of payment (i) Collection Expenses incurred before indemnification of the Net Debt shall be indemnified along with the indemnification of the Net Debt. (ii) Collection Expenses incurred after indemnification of the Net Debt shall be indemnified within [30] days from our receipt of a copy of the relevant Collection Expenses’ invoices.

Indemnification of Collection Expenses. Unless stated otherwise in the Special Terms, in addition to indemnification of the Net Debt, We shall also indemnify the Collection Expenses (VAT/GST excluded) in accordance with the following provisions. a) Indemnification level Subject to a deductible as specified in the Special Terms, We shall pay You the covered Collection Expenses up to the insured percentage applicable to the concerned Debts. . The covered Collection Expenses shall correspond to the Collection Expenses up to the cover ratio defined below. The cover ratio is the ratio where: •  the numerator is the lowest of the Net Debt or the Credit Decision •  the denominator is the amount of the Debt. The cover ratio shall be calculated when indemnification is triggered. When the Debt is fully paid before indemnification, the cover ratio shall be equal to 1. b) Date of payment (i) Collection Expenses incurred before indemnification of the Net Debt shall be indemnified along with the indemnification of the Net Debt. (ii) Collection Expenses incurred after indemnification of the Net Debt shall be indemnified within [30] days from our receipt of a copy of the relevant Collection Expenses’ invoices.

Indemnification of Collection Expenses. Unless stated otherwise in the Special Terms, in addition to indemnification of the Net Debt, We shall also indemnify the Collection Expenses (VAT/GST VAT excluded) in accordance with the following provisions.: a) Indemnification level Subject to a deductible as specified in the Special Terms, We shall pay You the covered Collection Expenses up to the insured percentage applicable to the concerned Debts. . The covered Collection Expenses shall correspond to the Collection Expenses up to the cover ratio defined below. The cover ratio is the ratio where: • the numerator is the lowest of the Net Debt or the Credit Decision • the denominator is the amount of the Debt. The cover ratio shall be calculated when indemnification is triggered. When the Debt is fully paid before indemnification, the cover ratio shall be equal to 1. b) Date of payment (i) Collection Expenses incurred before indemnification of the Net Debt shall be indemnified along with the indemnification of the Net Debt. (ii) Collection Expenses incurred after indemnification of the Net Debt shall be indemnified within [30] 30 days from our receipt of a copy of the relevant Collection Expenses’ invoices.

Indemnification of Collection Expenses. Unless stated otherwise in the Special Terms, in addition to indemnification of the Net Debt, We shall also indemnify the Collection Expenses (VAT/GST VAT excluded) in accordance with the following provisions. a) Indemnification level Subject to a deductible as specified in the Special Terms, We shall pay You the covered Collection Expenses up to the insured percentage applicable to the concerned Debts. . The covered Collection Expenses shall correspond to the Collection Expenses up to the cover ratio defined below. The cover ratio is the ratio where: • the numerator is the lowest of the Net Debt or the Credit Decision • the denominator is the amount of the Debt. The cover ratio shall be calculated when indemnification is triggered. When the Debt is fully paid before indemnification, the cover ratio shall be equal to 1. b) Date of payment (i) Collection Expenses incurred before indemnification of the Net Debt shall be indemnified along with the indemnification of the Net Debt. (ii) Collection Expenses incurred after indemnification of the Net Debt shall be indemnified within [30] 30 days from our receipt of a copy of the relevant Collection Expenses’ invoices.