Common use of Compensation Fund Clause in Contracts

Compensation Fund. A compensation fund shall be established so as to provide for the required adjustments with respect to the amounts paid by RECYC-QUÉBEC and B.G.E. as regards the recovery of non-refillable beer and Soft Drink containers, under the terms of this Agreement or the Agreement Relating to Beer. This compensation fund is managed and administered by RECYC-QUÉBEC and is governed by the following rules: 22.1 no latter than the 5th day of each month, RECYC-QUÉBEC shall forward a statement of account to B.G.E. setting out the amounts due by B.G.E. to RECYC-QUÉBEC, or by the latter to the former, according to the terms of this section, for the previous month. 22.2 The amounts payable by RECYC-QUÉBEC to B.G.E., or by the latter to the former, under the terms of this section are established according to the following parameters:

Appears in 3 contracts

Sources: Consignment Agreement, Agreement Relating to the Consignment, Recovery and Recycling of Non Refillable Soft Drink Containers, Agreement Relating to the Consignment, Recovery and Recycling of Non Refillable Soft Drink Containers