Method of Distribution and Delivery Sample Clauses

Method of Distribution and Delivery. (a) All distributions of money will be made by cheque drawn upon a Canadian Schedule I chartered bank made payable to or to the order of the Company. (b) The delivery of a cheque by the Trustee as required hereunder will satisfy and discharge the liability for any amounts due to the extent of the sum or sums represented thereby, unless such cheque is not honoured on presentation; provided that in the event of the non-receipt of such cheque by the payee, or the loss or destruction thereof, the Trustee, upon being furnished with reasonable evidence of such non-receipt, loss or destruction and an indemnity reasonably satisfactory to it, will issue to such payee a replacement cheque for the amount of such cheque.