Common use of Enforcement Fund Clause in Contracts

Enforcement Fund. The Regulated Entities which publish national newspapers shall, if required to do so by the Regulator, guarantee a payment (which amount shall be determined by the Regulatory Funding Company) which shall be payable on demand to the Regulator to be used as, or as part of, the Enforcement Fund. Any monies received by the Regulator from fines and costs contributions will also be placed in the Enforcement Fund. The Regulator may, in its absolute discretion, reimburse some or all of any contribution made by any PGRE to the Enforcement Fund if the Regulator determines that there are sufficient monies in the Enforcement Fund to enable it do so, whether or not such PGRE remains a Regulated Entity.

Enforcement Fund. ‌ The Regulated Entities which publish national newspapers shall, if required to do so by the Regulator, guarantee a payment (which amount shall be determined by the Regulatory Funding Company) which shall be payable on demand to the Regulator to be used as, or as part of, the Enforcement Fund. Any monies received by the Regulator from fines and costs contributions will also be placed in the Enforcement Fund. The Regulator may, in its absolute discretion, reimburse some or all of any contribution made by any PGRE to the Enforcement Fund if the Regulator determines that there are sufficient monies in the Enforcement Fund to enable it do so, whether or not such PGRE remains a Regulated Entity.