Public Buyer. Buyer which is a (i) central government authority, (ii) a regional or local authority, or (iii) a department or agency thereof. Recoveries: any amounts received, whether before or after indemnification, from the Buyer or a third party in relation to the Debts having arisen before the Insolvency of the Buyer, including: • any interest You or We receive on late payment • any Security You or We realise, • VAT (including credit or refund received from the fiscal authorities when the Debt was covered VAT included) • any credit note that You raise, • any value arising from the exercise of any set-off, • any proceeds of goods You have, or could have, recovered or kept. 16
Public Buyer. Buyer which is a (i) central or a state government authority, (ii) a regional or local authority, or (iii) a department or agency thereof. Recoveries: any amounts received, whether before or after indemnification, from the Buyer or a third party in relation to the Debts having arisen before the Insolvency of the Buyer, including: • any interest You or We receive on late payment • any Security You or We realise, • VAT/GST (including credit or refund received from the fiscal authorities when the Debt was covered VAT/GST included) • any credit note that You raise, • any value arising from the exercise of any set-off, • any proceeds of goods You have, or could have, recovered or kept.
Public Buyer. Buyer which is a (i) central government authority, (ii) a regional or local authority, or (iii) a department or agency thereof. Recoveries: any amounts received, whether before or after indemnification, from the Buyer or a third party in relation to the Debts arisen before the Insolvency of the Buyer, including: • any interest You or We receive on late payment • any Security You or We realize, • VAT (including credit or refund received from the fiscal authorities when the Debt was covered VAT included) • any credit note that You raise, • any value arising from the exercise of any set-off, • any proceeds of goods You have, or could have, recovered or kept. Reduction: Credit Decision whereby We reduce the amount set in a previous Credit decision. Refusal: Credit Decision whereby We refuse a cover in respect of a Buyer.
Public Buyer. Buyer which is a (i) central government authority, (ii) a regional or local authority, or (iii) a department or agency thereof.
Public Buyer. Buyer which is a (i) central government authority, (ii) a regional or local authority, or (iii) a department or agency thereof. Recoveries: any amounts received, whether before or after indemnification, from the Buyer or a third party in relation to the Debts arisen before the Insolvency of the Buyer, including: ▪ any interest You or We receive on late payment ▪ any Security You or We realise, ▪ VAT (but excluding the sums paid by the tax authorities when the Debt is covered by Us VAT excluded) ▪ any credit note that You raise, ▪ any value arising from the exercise of any set-off, ▪ any proceeds of goods You have, or could have, recovered or kept. Reduction: Credit Limit whereby We reduce the amount set in a previous Credit Limit. Sales Contract: any agreement in any form which is legally binding upon You and your Buyer and which is for the sale of goods or the provisions of services against payment of a price.
Public Buyer. Any government or entity acting on behalf of a government, and more generally any public institution which may not legally be put into liquidation. Any entity whose obligations are covered or guaranteed by a government will be considered as a public buyer.
Public Buyer. Buyer which is a (i) central government authority, (ii) a regional or local authority, or (iii) a department or agency thereof. Reduction: Credit Decision whereby We reduce the amount set in a previous Credit decision. Refusal: Credit Decision whereby We refuse cover in respect of a Buyer.
Public Buyer. Buyer which is a (i) central government authority, (ii) a regional or local authority, or (iii) a department or agency thereof. Recoveries: any amounts received, whether before or after indemnification, from the Buyer or a third party in relation to the Debts having arisen before the Insolvency of the Buyer, including: • any interest You or We receive on late payment • any Security You or We realise, • VAT (including credit or refund received from the fiscal authorities when the Debt was covered VAT included) • any credit note that You raise, 13 Definitions Definitions
Public Buyer. Buyer which is a
Public Buyer. Public Buyer means an entity which conforms to at least one of the following criteria:
