Common use of Minimum retention Clause in Contracts

Minimum retention. You shall keep for your own account; a minimum retention of << currency & value>> or the uninsured portion of (i) the Net Debt up to the amount of the Credit Decision and of (ii) the covered Collection Expenses, whichever is the greater. If the minimum retention value is greater, the difference shall be deducted from any indemnity due with respect to a Buyer. Net Debts with a value less than <<currency & value>> shall not be eligible for indemnification. You shall keep these Debts for your own account.

Appears in 2 contracts

Sources: Tradeliner Contract, Sample Contract