Protected Part definition

Protected Part. Protected Percentage of the sum of the amount of the Protected Debt LESS: (A) its VAT element (or other sales or comparable tax or charge element) and any interest which accrues after the original due date for payment of the Protected Debt; (B) any Reductions which the Customer has taken or is owed in relation to it (net of any VAT included in such Reductions); (C) any Collection relating to it and any amount You hold (or should be holding) relating to it under Condition 6.1(J) which You have not delivered to Us (net of any VAT included in such Collection); and (D) any element of the Protected Debt which relates to any penalties or damages, whether contractual or otherwise, which You may be entitled to be paid by the Customer;
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Protected Part. The Protected Percentage of the sum of the amount of the Protected Debt LESS:- (A) its VAT element; (B) any Reductions which the Customer has taken or is owed in relation to it (net of any VAT included in such Reductions); and (C) any Collection relating to it and any amount You hold (or should be holding) relating to it under Condition 6.1(J) which You have not delivered to Us (net of any VAT included in such Collection);
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Related to Protected Part

  • Protected Party means a Finance Party which is or will be subject to any liability, or required to make any payment, for or on account of Tax in relation to a sum received or receivable (or any sum deemed for the purposes of Tax to be received or receivable) under a Finance Document.

  • Protected Property means each property identified on Exhibit A hereto and each property acquired in Exchange for a Protected Property as set forth in Section 2.1(b).

  • Protected Person means: (i) the members of the Board; (ii) the Administrator and its Affiliates; (iii) any Member; (iv) any Officer; or (v) any Person who serves at the request of the Board on behalf of the Company as an officer, director, partner, member, stockholder or employee of any other Person.

  • Protected Parties means the following Persons: (a) the Debtors; (b) Reorganized BSA; (c) the Related Non- Debtor Entities; (d) the Local Councils; (e) the Contributing Chartered Organizations; (f) the Settling Insurance Companies, including Hartford; and (g) all of such Persons’ Representatives; provided, however, that no Perpetrator is or shall be a Protected Party. Notwithstanding the foregoing, a Contributing Chartered Organization shall be a Protected Party with respect to Abuse Claims only as set forth in the definition of “Abuse Claim.”

  • Protected tenant means any tenant who: