Agricultural Marketing Programs Act

Marginal note:Agreement where guarantee already exists

• 5.1 (1) The Minister may enter into an advance guarantee agreement with an administrator without making the guarantee referred to in paragraph 5(1)(a) if the Minister is satisfied that the repayment of the advances to be made under the agreement will be guaranteed by another person or entity.

• Marginal note:Provisions do not apply

  (2) Paragraph 5(3)(i), section 23 and, unless the agreement specifies otherwise, the following provisions do not apply to an advance guarantee agreement that the Minister enters into without making the guarantee referred to in paragraph 5(1)(a):

  • (a) paragraphs 5(3)(c) and (e) to (h);

  • (b) paragraphs 10(1)(g) and (h); and

  • (c) paragraphs 10(2)(b) and (c).