Common use of Estimating the value of security if the Retailer is a new retailer Clause in Contracts

Estimating the value of security if the Retailer is a new retailer. If the Retailer has not previously entered into a contract with the Distributor for access to the Network, the Distributor will estimate the value of security required under clause 12.6 for the first 6 months of this agreement, subject to any reassessment of the value under this agreement, having regard to: (a) the Distributor’s historical records of the Distribution Service charges in respect of the relevant ICPs; or (b) in the absence of such records, a bona fide business plan prepared by the Retailer in good faith necessary for the Distributor to determine the value of security that it requires from the Retailer.

Estimating the value of security if the Retailer is a new retailer. If the Retailer has not previously entered into a contract with the Distributor for access to the Network, the Distributor will estimate the value of security required under clause 12.6 for the first 6 12 months of this agreement, subject to any reassessment of the value under this agreement, having regard to: (a) the Distributor’s historical records of the Distribution Service charges in respect of the relevant ICPs; or (b) in the absence of such records, a bona fide business plan prepared by the Retailer in good faith necessary for the Distributor to determine the value of security that it requires from the RetailerRetailer and any forecasts of Distribution Service charges payable by the Retailer provided in such business plan.