Common use of Distribution Guarantee and Distributor’s Assumption Agreement Clause in Contracts

Distribution Guarantee and Distributor’s Assumption Agreement. Only an approved distribution guarantor (see Article 14.11 (b)) shall be eligible to provide a Distribution Guarantee or Distributor’s Assumption Agreement. A Distribution Guarantee shall be in the form set out in Schedule 12 and a Distributor’s Assumption Agreement shall be in the form set out in Schedule 13. The Distribution Guarantee or Distributor’s Assumption Agreement shall be terminated on delivery to the District Council of a Security Agreement pursuant to Article 14.10 (b) or a Distribution Guarantee or Distributor’s Assumption Agreement from another approved distribution guarantor.

Distribution Guarantee and Distributor’s Assumption Agreement. Only an approved distribution guarantor (see Article article 14.11 (b)) shall be eligible to provide a Distribution Guarantee or Distributor’s Assumption Agreement. A Distribution Guarantee shall be in the form set out in Schedule 12 and a Distributor’s Assumption Agreement shall be in the form set out in Schedule 13. The Distribution Guarantee or Distributor’s Assumption Agreement shall be terminated on delivery to the District Council of a Security Agreement pursuant to Article article 14.10 (b) or a Distribution Guarantee or Distributor’s Assumption Agreement from another approved distribution guarantor.