Common use of Allocation of Recoveries Clause in Contracts

Allocation of Recoveries. Recoveries received before indemnification is triggered by Us are for your account and shall reduce the Debt. Such Recoveries shall be allocated in chronological order of the relevant Due Dates, any different allocation provided by third parties will not be binding on Us. Recoveries received after indemnification is triggered by Us are for our account up to the amount of the indemnity paid with respect to the Debt, and the balance will be for your account up to the amount of the Debt. Should the total amount of Recoveries received before or after indemnification is triggered by Us exceed the total amount of the Debt, the excess shall be allocated between You and Us to set off the Collection Expenses incurred respectively by You and Us. The trigger date of the indemnification shall be set forth in our statement of indemnification sent to You.

Allocation of Recoveries. Recoveries received before the indemnification is triggered by Us are for your account and shall reduce the Debt. Such Recoveries shall be allocated in the chronological order of the relevant Due Dates, any different allocation provided by third parties will not be binding on to Us. Recoveries received after the indemnification is triggered by Us are for our account up to the amount of the indemnity paid with respect to the Debt, and the balance will be for your account up to the amount of the Debt. Should the total amount of Recoveries received before or after the indemnification is triggered by Us exceed the total amount of the Debt, the excess shall be allocated between You and Us to set off the Collection Expenses incurred respectively by You and Us. The date of trigger date by Us of the indemnification shall be set forth in our statement of indemnification sent to You.

Allocation of Recoveries. Recoveries received before the indemnification is triggered by Us are for your account and shall reduce the Debt. Such Recoveries shall be allocated in the chronological order of the relevant Due Dates, any different allocation provided by third parties will not be binding on to Us. Recoveries received after the indemnification is triggered by Us are for our account up to the amount of the indemnity paid with respect to the Debt, and the balance will be for your account up to the amount of the Debt. Should the total amount of Recoveries received before or after the indemnification is triggered by Us exceed the total amount of the Debt, the excess shall be allocated between You and Us to set off the Collection Expenses incurred respectively by You and Us. The date of trigger date by Us of the indemnification shall be set forth in our statement of indemnification sent to You.. / ARTICLE 6 : ACTIVITY DECLARATION, PREMIUM AND FEES

Allocation of Recoveries. Recoveries received before indemnification is triggered by Us are for your account and shall reduce the Debt. Such Recoveries shall be allocated in chronological order of the relevant Due Dates, any different allocation provided by third parties will not be binding on Us. Recoveries received after indemnification is triggered by Us are for our account up to the amount of the indemnity paid with respect to the Debt, and the balance will be for your account up to the amount of the Debt. Should the total amount of Recoveries received before or after indemnification is triggered by Us exceed the total amount of the Debt, the excess shall be allocated between You and Us to set off the Collection Expenses incurred respectively by You and Us. The trigger date of the indemnification by Us shall be set forth in our the statement of indemnification sent to You.