Common use of Additional Security Requirements Clause in Contracts

Additional Security Requirements. The following provisions apply in respect of any Additional Security provided: (a) if the Additional Security is in the form of a cash deposit, the Distributor will pay a charge to the Retailer calculated in accordance with clause 12A.5(3)(a) of the Code, and the Additional Security will be held as if it were part of the Cash Deposit under this agreement; (b) if the Additional Security is in the form of security from a third party, the Distributor will pay a charge to the Retailer calculated in accordance with clause 12A.5(3)(b) of the Code; (c) any money required to be paid by the Distributor to the Retailer in accordance with this clause 12.8 will be paid by the Distributor to the Retailer on a quarterly basis net of any amounts required to be withheld by law; and (d) if the level of any Additional Security actually provided by the Retailer is greater than the level of Additional Security required by the Distributor, the charges referred to in sub-clause (a) will not be payable by the Distributor under this clause 12.8 in relation to the excess.

Additional Security Requirements. The following provisions apply in respect of any Additional Security provided: (a) if the Additional Security is in the form of a cash deposit, the Distributor will pay a charge to the Retailer calculated in accordance with clause 12A.5(3)(a) of the Code, and the Additional Security will be held as if it were part of the Cash Deposit under this agreement; (b) if the Additional Security is in the form of security from a third party, the Distributor will pay a charge to the Retailer calculated in accordance with clause 12A.5(3)(b) of the Code; (c) any money required to be paid by the Distributor to the Retailer in accordance with this clause 12.8 8.8 will be paid by the Distributor to the Retailer on a quarterly basis net of any amounts required to be withheld by lawbasis; and (d) if the level of any Additional Security actually provided by the Retailer is greater than the level of Additional Security required by the Distributor, the charges charge referred to in sub-clause (a) will not be payable by the Distributor under this clause 12.8 8.8 in relation to the excess.